nebuch
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February 15, 2018, 08:27:43 AM |
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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?
So far as of now the bitcoin distribution is base on whom do investment not by partition. This is not sounds unfair but rather lucky having a huge amount of money nor large amount of bitcoin. The distribution of wealth is not the responsibility of bitcoin admins. World wealth and bitcoin doesn't have any relation to mingle in the center of market attraction. Btc stands by own, while world wealth is founded in different places and own by some big names of people in the wealth industry. The unfair and fair is always the issue of all that bitcoin would not resolve.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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rancidgash
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February 15, 2018, 08:43:34 AM |
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I really don't know if bitcoin can change the distribution of wealth in the world. I have some friends here the become rich because of bitcoin.
In reality the way that wealth distribution works, is some people will get insanely rich, but the vast majority of people will end up just getting rich and selling their coins to people who are extremely wealthy now.
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xieqieshangu9
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February 15, 2018, 08:51:28 AM |
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I think BTC will only aggravate the gap between rich and poor!
Rich people have been investing in BTC early and have already acquired wealth!
Some poor people do not even know BTC, and dare not invest in these virtual digital currency!
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naidray
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Merit: 1029
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February 16, 2018, 08:14:22 AM |
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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?
Yes, I think so as well. In the wealth of the world, the only count lies on cash which is the Fiat system. Now, when online currency or as we know the cryptocurrencies become part of the count, there would definitely be a big change. We'll be surprised on how poor countries could become stable by then. How many people even in these poor countries are even parts of this now ? The world system has been in such a way that only some set of people will always have the luck to get rich and not everyone will have the chance. The rich ones will still have more advantage. Let's see it this way, a rich man who has been waiting for the value of bitcoin to drop and understands that this is the future, ended up stashing a lot at around $6000, tell me how the poor even want to have the chance to even buy just a bitcoin. That should give you the picture.
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torch2121
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The revolutionary trading ecosystem
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February 16, 2018, 08:51:12 AM |
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That depends on the investors. I agree that for wealthy people they can make more wealth on Bitcoin. But for the poor to change their life is to start earning Bitcoin now.
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Sled
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February 16, 2018, 11:24:10 AM |
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That depends on the investors. I agree that for wealthy people they can make more wealth on Bitcoin. But for the poor to change their life is to start earning Bitcoin now.
It is not like that the bitcoin is the only way to change their lives because they need to become aware that they should do something and find opportunities in life because if they can't afford to access or to have the must have items to be connected with bitcoin then they should just find other ways because there is a lot of opportunities out there to grab and not only bitcoin. #Realtalk.
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Harrisonimo
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February 16, 2018, 11:43:47 AM |
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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?
Well, if the trend that I see happening now can still be sustained for the next 5years, I see Cryptocurrency helping in the distribution of wealth Globally! Seeing people earning from different projects all over the world is quite a massive thing. And like I said all things being equal and time constant, wealth can be somewhat distributed.
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michellee
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February 16, 2018, 12:36:15 PM |
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I think after bitcoin reach $19k, there will be many newly rich people and I think this will change the distribution of wealth in the world because there are many people from over the world that have many bitcoin. and when the price increase higher, they only sell their bitcoin in a small amount and they can have a lot of money. they don't have to use all of their bitcoin because they are waiting for another higher price in the future.
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raven7886
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February 16, 2018, 06:44:32 PM |
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I really don't know if bitcoin can change the distribution of wealth in the world. I have some friends here the become rich because of bitcoin.
That is it, only some. We are trying to generalize this whole thing when of course, it is not everyone that is going to be adopting the currency at the same time and we will always have some laggards in which most of the time, the poor ones who do not have a chance to even get to know about it at all, may end up just accepting their fate and end up remaining poor since they cannot even afford it anyway. Something we are not looking at here is that the rich always have the money, check out the big guys entering the crypto world right now, and the amount they are putting in, can a poor man do that?
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kalawang
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February 16, 2018, 07:43:49 PM |
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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?
In some cases yes it really change the distribution of wealth around the world. It happens to be lots of rich people nowadays are part of using bitcoin. With that the money the earned will invest and grow faster some uses it for trading .
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CarnagexD
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February 16, 2018, 07:50:10 PM |
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Wealth distribution is in a hand of people,but limiting influance of greedy financial institutions,central banks,big corporation may equal chances and improve economic situation of people living in poor areas.But without people solidarity it cant be done
Economical status of a country or even as individual is truly independent on the social perspective or the views of people making as a basic norms to believe in. But it is not an excuse for us to take it for granted. Because in reality we all need to do are part just to have a good future and a better life for a living.
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Apened
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February 16, 2018, 10:26:33 PM |
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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?
In some cases yes it really change the distribution of wealth around the world. It happens to be lots of rich people nowadays are part of using bitcoin. With that the money the earned will invest and grow faster some uses it for trading . We can't say what was not done yet there are more many things to come that we didn't expected. The distribution of wealth will never become equal. It is attached already in everyones life as we called it Life is Too Unfair.
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--DarkSecrets--
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February 16, 2018, 10:54:54 PM |
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I really don't know if bitcoin can change the distribution of wealth in the world. I have some friends here the become rich because of bitcoin.
There is no problem about the distribution of wealth because there is no definite distribution unless there is an undrground distribution of wealth in some countries. Everyone has the right to be rich as lonh as they worked for it. Wealth distribution will not be affected by bitcoin.
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queenlaurel
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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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February 16, 2018, 11:05:19 PM |
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Wealth will be distributed equally to those who are fully involved in cryptocurrency. Might not be all, but we wont call it unfair. Now since no one is in charge of peoples money and it goes smoothly for everyone, there wont be unfairness. Everyone will have equal share of what they deserve.
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onemoretime8520
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February 16, 2018, 11:26:05 PM |
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with the recent pumps and dumps as well as regulations coming I do believe that btc will make the gap between rich and poor even larger by taking their investments as well.
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setupbounds
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February 17, 2018, 10:36:55 AM |
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That depends on the investors. I agree that for wealthy people they can make more wealth on Bitcoin. But for the poor to change their life is to start earning Bitcoin now.
The way so many number of investors are investing such a huge amount of money into the world off bitcoin, I am very much sure that in the near future, the distribution of the wealth will be greatly changed and that most of the people will then be having that much amount of money which will help them in having a comfortable lives. Bitcoin is indeed the best thing and it can do lot of wonders to this world.
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Kevin77
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February 21, 2018, 07:52:50 AM |
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In my understanding the wealth distribution depends also in the people, how can someone earn money when he is not working for it right? If there are more workers in a certain country of course the wealth distributed in that certain nation would be great compared to a country that has less workers. So the distribution does not really depend on bitcoin itself or the other cryptocurrencies but depends on the people working hard to be wealthy.
The only difference it would make is that those who are able to utilize the opportunity to work hard and earn it, most especially for those who do not have much to be able to buy and hold, will end up reaping the benefit. At the end of it all, the rich ones will always still have a better chance of buying in easily and holding a good position for the long run whenever they wish. Some will get rich, some would not and that normally does not change any fact of what we already have going on in the world. Only the early adopters who were able to understand the whole idea will get more, and there will still be a difference between the rich early adopters and the middle class and so on down the chain. This same happens as we keep moving on and on, so at the end, the rich will always have the highest advantage anyway.
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james23
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February 21, 2018, 07:58:46 AM |
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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?
Yes bitcoin changes the distribution of wealth he can make rich people more Richier and help the poor who keep doing it
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Shanmatthew
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February 21, 2018, 08:04:44 AM |
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Yes. I believe it will contribute big change to distribution of wealth since each amount will depend on the owner of the btc. It will be fair since everyone will be able to get what they deserve in this field and be able to secure their own profits.
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ylnar123
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February 21, 2018, 08:07:35 AM |
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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 it would evenly distribute the wealth in this world because there are still people who are not believers of bitcoin and would prefer to do traditional investment rather than investment in digital world like cryptocurrency. Maybe bitcoin would eventually change the life of some people who invest on it but it would never distribute the wealth equally to all individual.
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