Will bitcoin change the distribution of wealth in the world?

[matchi2011]

Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?

Or would the distribution be even more unfair?

Wealth doesn't only come from bitcoin and many wealthy people aren't even dealing with this yet. I don't there's going to be much difference in that scale. Though there pf course will be people who will benefit from bitcoin but there's not going to be much difference with wealth distribution in general terms

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[michellee]

i think from now, we can see many rich people because of bitcoin but I think some of them doesn't show their wealth to public and better to hiding it for ourselves. if we have only 10 bitcoin, we can be the richest person in our city and I think bitcoin is change the distribution of wealth in the world.

every people deserve to be rich but its only depend with that person, he wants to work hard and work smart than the other people or not. because every people has their own opportunity and if he can be rich then he is the lucky person.

[Sir Cross]

Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?

Or would the distribution be even more unfair?

There is no way that wealth will be equally distributed.

Equality is what some social crusaders like Karl Marx envisaged but I don't think that is possible even with the emergence of bitcoin. The reason for my assumption is this, bitcoin came sometime around 9 years ago, some people new about it and embraced it while others new and didn't embrace it (meaning those people who embraced it would have been richer than those who didn't at that point in time ).

The above is the first scenario. Also, among those who embraced it, some would have lost hope, feelings, aspirations to be rich with bitcoin then either because of one reason or the other(which could be because of slow growth then) and hence, lost there bitcoins, given it out etc.

In the present however, what happened in the past where people didn't believe in it or didn't want to take up the advantage, don't have means to or are waiting for a lower price   is still around us currently.

Therefore, bitcoin is just going to create new rich people .

I agree with this. What you have described dear sir is exactly the situation that the bitcoin community is now. It has definitely created new rich people especially since there are early adopters. As nice as equality and equal distribution of wealth sounds, it's not possible with our kind of society. There are classes of people and unless this is eradicated - distribution will not be equal.

Rather, bitcoin has alleviated and given opportunities to those who have less and are now reaping riches from early adoption. It does not distribute wealth more equally across people despite it's availability of use to anyone despite their class or status.

[Nameless27]

Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?

Or would the distribution be even more unfair?

Only a small portion of it, for the same reason bitcoin is an investments and not an airdrop that can be given to anyone who wants it but only to those who invested to it. That obviously needs money and wealth distribution is still dominated by those who were wealthy since bitcoin begun.

If ever this would change, I will not assume it will but hoping this would change and equality be the goal of this community.

[faceoff97]

It would be impossible to equally distribute the wealth of the wotld, in fact bitcoin will lead to make rich even richer and poor even poorer. Most of the people who got into bitcoin are those who are in the middle class and upper class of society. And seeing how bitcoin grows from the past years, we can expect that those early investors are now richer than before, on the other hand, those who are poor can now never afford obtaining bitcoin. Thus, instead of distributing the wealtg equally, it cause the majority of the poor to become left behind. But on the brighter side, it is good that bitcion is brcoming a ctalyst to make a better living.

[Md Saad]

I believe Bitcoin will redistribute wealth in the world, I think with the help of Bitcoin a lot of people are making money and that money is going to be used for their own life. Since the Bitcoin is not for a specific people so anybody can join with this system and earn money from here and make wealth for the future purpose.

[Rinder]

Well bitcoin and crypto is a making the money to circulate outside the control of countries and banks, a lot people had changed their life already due to crypto world.. what is happening is the money being  avaible to all people, signatures is an example of those for sure not all people belong to the same country, and all of them are being able to get an income. Bitcoin services and products does affect directly the lifes of a lot people, several of them are being able to survive or earn more into crypto as faucets and captcha work then their real salaries.

[ekoice]

Definitely,bitcoin would help the distribution of wealth equally in the world to atleast some extent.Now,in today's traditional system,only rich people get more and more rich.Poor get more poor.Rich people enjoy all the  benefits of economy while most of the poor don't even get access to that.But,bitcoin has totally changed this situation.It gives equal opportunities to all people belonging to both developed and under developed countries.

Only thing that people in the under developed countries should have is a device and an internet connection to get access to bitcoins.Most of unemployed youth  belonging to poor communities have got new earning opportunities in bitcoin like mining,trading,participating in signature campaigns,etc.

[Ilegendph]

Probably yes, its like a rural place turn into urban. Those who invest in the place gets their price at the time where the community become urbanized. The same goes for bitcoin, those who collecting it now would make profits in future.

[Fundalini]

IMO, it could only get more unfair through the passage of time since early adopters who have acquired bitcoins at a low price before would have profited now thus have more wealth than people who recently learned of its existence. Besides equality was never the goal of bitcoin, and the very notion of it in the blockchain is ridiculous as markets would always have whales and small time investors.

[Lieldoryn]

Definitely,bitcoin would help the distribution of wealth equally in the world to atleast some extent.Now,in today's traditional system,only rich people get more and more rich.Poor get more poor.Rich people enjoy all the  benefits of economy while most of the poor don't even get access to that.But,bitcoin has totally changed this situation.It gives equal opportunities to all people belonging to both developed and under developed countries.

Only thing that people in the under developed countries should have is a device and an internet connection to get access to bitcoins.Most of unemployed youth  belonging to poor communities have got new earning opportunities in bitcoin like mining,trading,participating in signature campaigns,etc.

Indeed it is but it seems to me that it will not always. Now bitcoin is only the beginning of his way, and is not yet a danger to invented for the rich world's financial system. As only the rich will see as a threat they will ban bitcoin. They controlled all government and all they are interested in maintaining the status quo.

[Sled]

I don't think that the bitcoin will change the concept of distribution of wealth in the world because the only thing that will bitcoin change is the way of getting into a successful journey because instead of working on a daily job which is stable and has a fixed income, you can become successful by working in bitcoin and doing all the opportunities that you can do.

[BILGPS]

Yes it is true many people are now the highly rich personalities not because of some other reasons but because of bitcoin. They invest in the past or we can say in the early days of bitcoin and now the became very powerful through bitcoin. Since bitcoin value is increasing day by day and because of this it divert the attention of the people towards it self. Yes it is dafinetly true the bitcoin has changed wealth distribution in the world.

[supercanada1]

Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?

Or would the distribution be even more unfair?

Wealth doesn't only come from bitcoin and many wealthy people aren't even dealing with this yet. I don't there's going to be much difference in that scale. Though there pf course will be people who will benefit from bitcoin but there's not going to be much difference with wealth distribution in general terms

Yes there is a lot of the way to get eh money and be the part of the rich status but one and for the most resource is he bitcoin in the bitcoin I am being the bitcoin user and the income of the bitcoin is increasing more and more, I hold the bitcoin for the income because it is giving me all the things that I have dreamed for, I used the bitcoin I and I said to her that the income will be more than this in very short time.

[mrbnson]

I think realistically bitcoin will have little effect on the distribution of wealth, it will certainly make things a little fairer in terms of reduced power for middlemen, but the largest change will be making some early adopters very very rich, but the numbers are small relative to population.

[fiulpro]

Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?

Or would the distribution be even more unfair?

Hey

Well the distribution is never unfair.. but in fact its more like people who were lucky at first, who somewhere brought bitcoins and forgot about them.. its something that everyone had the chance to buy.. thus its fair anyways... Right now that lucky factor is gone and people are focusing on trading and that depends upon the hardwork you put into it, you collect information and then you work according to it and everyone has a fair chance to get rich, thus its no unfair.

[The_Dark_Knight]

I dont know, and bitcoin can not do it because wealth has already been distributed, only because bitcoin exists doesnt mean that it can make rich everybody, or that a lot of people can be wealth after it pumps to $100k.
And this has already been asked so many times, i am starting to get tired of those kind of threads that are only for spamming purposes.
But no, nobody knows what is going to happen, just try to predict it, it is impossible.

Correct, the distribution of wealth is already unequal and bitcoin cannot change that, people that have more fiat have bigger chances of getting more bitcoin not only because they can buy with their fiat, their wealth was used to get better education as well and as such they can use that knowledge to their advantage and understand that bitcoin is going to be the future and buy even more of it because of that knowledge.

[Jafri101]

I dont know in which sense you mean distributing? And about bitcoin ,it has proved many times that it can make you rich but it can makes to rich whom?? those who got in satoshi?? obviosly no.
 so those who got fiat money can buy bitcoins and yes that can be huge profit as much as they will buy bitcoins. So greater the amount greater the possibility to be rich.

[kateryana81]

Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?

Or would the distribution be even more unfair?

I don't think bitcoin will spread the economy in the world equally because rich people will always have more opportunity to earn as compared to poor people. There is a wide spread of money all over the world some are very much rich and some are totally empty in finance. But bitcoin can help poor people earn more money more than they earn now.

the will be more opportunity for intelligent and worthy people of having money. But bitcoin will not affect the spread of money in the world.

[appleffi]

Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?

Or would the distribution be even more unfair?

It probably goes down to the ones who knew bitcoin first, because as early as you get into bitcoins the better returns you'll have. That is based on the current status of the bitcoin.