Will bitcoin change the distribution of wealth in the world?

[palle11]

We want better education, better healthcare, better everything and yet our very money does not allow for these things. Our money, enforced by our governments, is what holds us back more than anything. Real economics is not allowed to take place in our current world. But Bitcoin is changing that. And if governments are unable to stop Bitcoin, which it will be very difficult to do, then we are in for a life changing world in the near future. Just as how the Internet removed the lies of religion and government, so too will Bitcoin remove the chains of government.

Bitcoin with all its paraphernalia of positivity as to why users adopt it like - removing the chains of government, decentralization etc, it can't distribute wealth equally but can only create avenue for new wealth creation which people who see the vision can become rich and others who don't or who still see it as a bubble and waiting for it to burst; thus people already invested losing their money , would keep being backwards in the distribution.

This is synonymous to what happened in the early adopters

[RavenHood]

In my opinion it can change, but a little bit. Because if you know bitcoin you have an internet and some extra money to sustain or try bitcoin; you are in the middle level of wealth. If you are in a lower grade of wealth, you will not have an attention to try bitcoin at all, yes you heard bitcoin. But you are not willing to try it, because you want an permanent or regular job.

[An0nyMoose]

Yes that is one of the effect of Bitcoin, because Bitcoin is a measure of the total debt that exists today so there will be a massive wealth transfer in our lifetime yes.

[MinMan]

We want better education, better healthcare, better everything and yet our very money does not allow for these things. Our money, enforced by our governments, is what holds us back more than anything. Real economics is not allowed to take place in our current world. But Bitcoin is changing that. And if governments are unable to stop Bitcoin, which it will be very difficult to do, then we are in for a life changing world in the near future. Just as how the Internet removed the lies of religion and government, so too will Bitcoin remove the chains of government.

Bitcoin with all its paraphernalia of positivity as to why users adopt it like - removing the chains of government, decentralization etc, it can't distribute wealth equally but can only create avenue for new wealth creation which people who see the vision can become rich and others who don't or who still see it as a bubble and waiting for it to burst; thus people already invested losing their money , would keep being backwards in the distribution.

This is synonymous to what happened in the early adopters

If we look at the positive e features of bitcoin, then there will be long list which we’ll get in result. Bitcoin is indeed a wonderful thing world has ever seen. Bitcoin is indeed very much capable of changing the distribution of wealth across the globe, in fact bitcoin is changing the distribution of wealth as there are so many poor and unemployed who are earning a very good amount of money just because of bitcoin.

[sana54210]

I think i wouldn't be fair as long people stays the same mindset is how was it now. Like how stock market works Bitcoin would be eventually stocked up by another more wealthier side as they have much more resources mining rigs/hash powers/money to lose, and small one like us would be manipulate by their actions in which would eventually chip away our investments as well. The game wouldn't be fair when all kinds of people are playing with the same currency, you just have to be extraordinary smart to survive/profit, Bitcoins are not meant to a savior to the global economy i suppose.

The wealthy and powerful cannot take away your bitcoins unless you give it to them. So just sit tight and hold. Don't complain about the resources at their disposal, when all you need to do is believe in the long term potential of Bitcoin.

This is the beauty of bitcoin that nobody can snatch it from the holder without his consent. No matter how high authority someone has, bitcoin cannot be controlled and this is the reason why some governments and banks are against bitcoin as well as all other digital currencies.

Bitcoin is the only hope of people if they want to get freedom in control over their money. Hold on bitcoin and try to not make public announcements about your property.

[pearlmen]

In my own opinion of bitcoin, one of the major grouse against it is on the basis of distorting the current order where the poor are at the mercy of the rich and with bitcoin on board, a lot of that will change with people having control of their money rather than being forced to put in the bank, put some restrictions in other to make the fund available for the rich to borrow and continue to improvise the poor while they become richer.

[Funeral Wreaths]

We want better education, better healthcare, better everything and yet our very money does not allow for these things. Our money, enforced by our governments, is what holds us back more than anything. Real economics is not allowed to take place in our current world. But Bitcoin is changing that. And if governments are unable to stop Bitcoin, which it will be very difficult to do, then we are in for a life changing world in the near future. Just as how the Internet removed the lies of religion and government, so too will Bitcoin remove the chains of government.

Bitcoin with all its paraphernalia of positivity as to why users adopt it like - removing the chains of government, decentralization etc, it can't distribute wealth equally but can only create avenue for new wealth creation which people who see the vision can become rich and others who don't or who still see it as a bubble and waiting for it to burst; thus people already invested losing their money , would keep being backwards in the distribution.

This is synonymous to what happened in the early adopters

If we look at the positive e features of bitcoin, then there will be long list which we’ll get in result. Bitcoin is indeed a wonderful thing world has ever seen. Bitcoin is indeed very much capable of changing the distribution of wealth across the globe, in fact bitcoin is changing the distribution of wealth as there are so many poor and unemployed who are earning a very good amount of money just because of bitcoin.

yes i should say so. In fact if you just work as hard for it, then you can have or acquire bitcoin, and there are also lots of stuffs you can do about it, with a lot of learnings and knowledge, you can have alternate ways of multiplying your bitcoin, but it will take a long due of process, but at least you got a chance.

[lvincent]

Bitcoin really helps me a lot but i think bitcoin will not gonna move or act on it's own it always depends on the person if he will gonna have a large profit i don't think there is equal in this world it is always unfair but it is always in your hands if your gonna be succesful and wealthy. There is alwayd different outcome for every people here so i don't think there will be a equal distribution..

[haroldtee]

In my opinion it can change, but a little bit. Because if you know bitcoin you have an internet and some extra money to sustain or try bitcoin; you are in the middle level of wealth. If you are in a lower grade of wealth, you will not have an attention to try bitcoin at all, yes you heard bitcoin. But you are not willing to try it, because you want an permanent or regular job.

There is a difference between in the world generally and changes that comes to someone personally. So many people do not even have the infrastructure or let alone get information on what bitcoin is all about. Distribution of wealth will only be limited to early adopters and as time goes on, it keeps reducing and reducing until it gets to the point that some people will still end up in the lower chain. You cannot compare your wealth to someone who adopted in 2009/2010 and so on as the years keep increasing.

[LuanX3]

Probably, unless the rich also does buy bitcoins then the balance will never be toppled. Though since a lot of the early adopters aren't really billionaires then likely the balance may be disturbed. I do believe though that someday bitcoins will be the new currency of the world, if not then likely bitcoins would be the basis of the new currency that the world will adopt.

[yanlap]

Yes that is one of the effect of Bitcoin, because Bitcoin is a measure of the total debt that exists today so there will be a massive wealth transfer in our lifetime yes.

It is the right time to get in the bitcoin my mate a lot of people are having the resource for the bitcoin price and the income will give the profit and the value will be more than this till now. As much as the people buy the bitcoin they are having the best and the right side of the bitcoin the future will give you the large amount of the money and they are going to have the fun with the bitcoin till long and long.

[BUK2016]

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 believe that the distribution of wealth among the people is base on your contribution to get the wealth or wealthy. Bitcoin is not different from other investment opportunities in the society, and for to be wealthy through Bitcoin depends on the level of your investment in Bitcoin. I don't see Bitcoin to be a medium of redistribution of income or wealth among the people in the society but rather, the distribution of wealth among the people in the society will continue to unfair.

[wuvdoll]

We want better education, better healthcare, better everything and yet our very money does not allow for these things. Our money, enforced by our governments, is what holds us back more than anything. Real economics is not allowed to take place in our current world. But Bitcoin is changing that. And if governments are unable to stop Bitcoin, which it will be very difficult to do, then we are in for a life changing world in the near future. Just as how the Internet removed the lies of religion and government, so too will Bitcoin remove the chains of government.

Bitcoin with all its paraphernalia of positivity as to why users adopt it like - removing the chains of government, decentralization etc, it can't distribute wealth equally but can only create avenue for new wealth creation which people who see the vision can become rich and others who don't or who still see it as a bubble and waiting for it to burst; thus people already invested losing their money , would keep being backwards in the distribution.

This is synonymous to what happened in the early adopters

Just like the usual way of life is. Those who see opportunity and make use of it, are always better.
The world is not designed for wealth to be equally distributed. No matter how you want to do it, some will still end up remaining poor and some will remain wealthy and some even wealthier. Bitcoin is just a tool and it is left to those who want to make use of it.

[nl247]

We want better education, better healthcare, better everything and yet our very money does not allow for these things. Our money, enforced by our governments, is what holds us back more than anything. Real economics is not allowed to take place in our current world. But Bitcoin is changing that. And if governments are unable to stop Bitcoin, which it will be very difficult to do, then we are in for a life changing world in the near future. Just as how the Internet removed the lies of religion and government, so too will Bitcoin remove the chains of government.

Bitcoin with all its paraphernalia of positivity as to why users adopt it like - removing the chains of government, decentralization etc, it can't distribute wealth equally but can only create avenue for new wealth creation which people who see the vision can become rich and others who don't or who still see it as a bubble and waiting for it to burst; thus people already invested losing their money , would keep being backwards in the distribution.

This is synonymous to what happened in the early adopters

If we look at the positive e features of bitcoin, then there will be long list which we’ll get in result. Bitcoin is indeed a wonderful thing world has ever seen. Bitcoin is indeed very much capable of changing the distribution of wealth across the globe, in fact bitcoin is changing the distribution of wealth as there are so many poor and unemployed who are earning a very good amount of money just because of bitcoin.

yes i should say so. In fact if you just work as hard for it, then you can have or acquire bitcoin, and there are also lots of stuffs you can do about it, with a lot of learnings and knowledge, you can have alternate ways of multiplying your bitcoin, but it will take a long due of process, but at least you got a chance.

Exactly! Everyone gets an opportunity, some take a hold of it if they have the funds, some who don’t work hard and some even work harder than some with the opportunities bestowed on them and some will just discard it or do so little about it. It is the way things have been designed and the rich or some of the earliest people that adopted will be much more at advantage. Some of us are fighting hard to earn just 1BTC from signature campaign, when a rich person today can afford to buy 10BTC at once and keep without blinking an eye. Just the way it is!

[Apened]

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?

We don't know but if we based on the current analogy in the world who uses bitcoins it change a lot of lives welath will won't distributed in equal whatever we do because our wealth is on our hands.

[ivanst776]

If we look at the positive e features of bitcoin, then there will be long list which we’ll get in result. Bitcoin is indeed a wonderful thing world has ever seen. Bitcoin is indeed very much capable of changing the distribution of wealth across the globe, in fact bitcoin is changing the distribution of wealth as there are so many poor and unemployed who are earning a very good amount of money just because of bitcoin.

Yes, there are so many unemployed right now finding something to do and then utilizing all the resources they can get their hands on to enrich themselves.

Still, do not forget that the adoption of bitcoin today is still very low compared to the global population and if we are to look at the value which keeps increasing over time and the rate at which people are spending less, what do you think would happen at the long run. Distribution of wealth will still remain the same as it has always been. Some will get richer and some will still not.

[ivrynx]

I think the distribution of wealth will still depend on what will be the basis of wealth, if we base wealth on how much oil we have, the middle east will still be considered one of the richest country, since there is still petrodollar, however if the basis will be based on how much bitcoin one has, i think there would be some differences and it would be hard to determine, since bitcoin is anonymous and for security reasons, people might not declare how much bitcoin they have. I think if we look at what is happening right now, the rich today might still be the rich in the future, since they wouldn't want to miss the oppportunity bitcoin can give them and givem the value of bitcoin as of now, those whk have a lot of money can easily buy bitcoin without hesitation. In the future there will be a lot of people who would have made a fortune because of their investment today, i think it is safe to say that japan would be one of the richest country then, since  they accepted bitcoin and other cryptocurrencies wholeheartedly.

[Lecam]

I thin it will because bitcoin allowed normal people to invest in big companies. People were able to gain profit through bitcoin. Bitcoin opened a lot of opportunities to people to change their financial status in a good way.

[zarados]

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?

First, I think wealth is not distributed but produced. if you think bitcoin can make a fortune, it's possible, but unfortunately, with bitcoin, rich people become richer, and the poor could get rich. so still, wealth can not be equated smooth in this world. this is because the mindset of people are different. some want to expand their money, some want to spend their money, etc.

[ThunderCatSteve]

In my own opinion of bitcoin, one of the major grouse against it is on the basis of distorting the current order where the poor are at the mercy of the rich and with bitcoin on board, a lot of that will change with people having control of their money rather than being forced to put in the bank, put some restrictions in other to make the fund available for the rich to borrow and continue to improvise the poor while they become richer.

Exactly, a lot of it would change. You can make plans for your own freedom if you want to. No restrictions, people get paid based on their work and the government will not just keep monopolizing things the way they always have.

However, this does not mean the rich will still not always have advantage and only the poor ones who had the advantage of adopting early will only end up having their status changed. That is just it and nothing can change that fact. Opportunity comes, some takes it and some are left out to take from the lower part.