Will bitcoin change the distribution of wealth in the world?

[vidprab5]

If people can afford buying btcs then it would never cause in variation, even it would create a bridge between the rich and the poor.

Bitcoin is the only invention up till now that treats both rich and poor classes equally without any sort of distinction. Bitcoin does not care about your financial status at all. The more you hold bitcoin and the longer you hold it, the bigger chances are there for you to be on the top of the world during pump season. What I believe is that bitcoin will produce richer people than the world now has.

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[Darker45]

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 exclusive or significant amount of relationship between Bitcoin and the world's distribution of wealth. Before Bitcoin, there was fiat. Before fiat, there was gold and silver and bronze, and other precious stones I guess. Before that, there was barter. Before that, there was only community ownership. And all through these times, there was never a point when the distribution of wealth was fair. Therefore, I conclude that the unequal distribution of wealth will continue despite the rise of Bitcoin.

[JPage]

This question was asked so many times that it gives me headache to see all these threads that put here only for spam.

[jovs]

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?

Equal distribution of wealth is different from fair or just distribution of wealth. If you will sum up the precise amount of bitcoin in the world, perhaps it may not generally make a wide impact in the actual distribution of wealth in the whole world, although, because of the remarkable changes that bitcoin has done to many of its users, it eventually created a hype that makes bitcoin so popular. That popularity may unleash the full potential of bitcoin which may lead to an unpredictable result in the future towards wealth distribution.

[genocide]

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 is impossible for bitcoin to distribute wealth among people. It can help people to be financially free from their financial crisis and has nothing to do with wealth distribution. It is very unfair for those people that work harder and smarter for the purpose of distributing or sharing equally whatever they have to those people who did nothing for themselves. This kind of distribution is very unfair and in fairness to bitcoin, I don't think it cares for whatever we stand in the community where we are belong.

[JPage]

On a general scale, the way wealth being distributed is managed by people, but we can make this process better by putting limits on world corporations, central banks and other avid financial institutions.

[Mastsetad]

f the society does not use cash it will be difficult for the elderly or the backward farmers because they will not know how to use the card, digital currency can use cash by converting ey. Paper will have many ways of converting digital money into paper money for cash

No it is not possible because poor people cannot invest in bitcoin. They have no money to buy bitcoin or any other cryptocurrency. Bitcoin is used mostly by criminals and those who want to secure their black money. Now you can realize how it is possible that bitcoin can change the distribution of earth in the world? Crypto world is only for rich people.

[fight-T]

Not exactly, but I believe that bitcoin will have a strong impact on the economies of countries in general and investors in particular by its superior features.

[buwaytress]

Equal distribution of wealth is different from fair or just distribution of wealth. If you will sum up the precise amount of bitcoin in the world, perhaps it may not generally make a wide impact in the actual distribution of wealth in the whole world, although, because of the remarkable changes that bitcoin has done to many of its users, it eventually created a hype that makes bitcoin so popular. That popularity may unleash the full potential of bitcoin which may lead to an unpredictable result in the future towards wealth distribution.

I'm probably a socialist deep down, if I were to try and objectively rate my own leanings when it comes to social and economic issues, but even I don't think it's right to talk about equal distribution or fair distribution - yes I know, that's throwing in yet another aspect to this... equal, fair, right. All concepts that sound deceptively similar but none could be farther from the other.

Bitcoin itself may not have truly done anything to level the playing field in wealth. Just take a look online at "crypto millionaires" or "billionaires" and you see that it's really the upper middle class who've been elevated into the economic stratosphere. If anything, this has simply resulted in a widening gap in an already disparate world of "class". But it will, I hope, still find a way to bring the low-income and unbanked into opportunities to access their own financial freedoms.

This forum is quite an example of this already happening. Yes, the ugly side of it is all the spammers and cheaters on bounty programs, but take a look at the earners, bringing in income through bitcoin that they otherwise would never have been able to do outside this space. I'd like to think I'm part of that too.

[JPage]

There is no way it will make some changes, because it is just 1 % of popuation that keeps all the money.

[Angna27]

Well I guess bitcoin does not intentionally mean that to change the distribution of wealth in this world,but instaed to help someone who want to earn something of their living and make businessman grow in their business and just because many are now joining and using bitcoin and make other people become rich that is why it means something like that.

[weblouartisan]

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?

Cryptocurrency is one of the reason why there are a lot of people today in the world who are very wealthy its all because of those people who invest a huge amount while bitcoins price is still cheap.

[cetald]

I think that bitcoin will not radically affect the distribution of wealth in the world. As always, the rich will become even richer. Big money generates a lot of money.

[sergiom]

Actually, I think, if we would have an opportunity to look on the statistics, we would see, that people who get really wealthy from bitcoin only are not so many

[cheeseandcrackers]

It will change it.  It'll widen the gap further and further between the rich and poor.  Rich people already have experience trading and investing, and on top of that having a ton of money to invest gives you a huge advantage.  You can manipulate prices, and those people can and are willing to do so in order to increase their profits.  Meanwhile, poor people wont likely even know about bitcoin or the cryptocurrency world until a year or more from now, and even if they did they only have small amounts to try to invest with.  Weak hands fail far more often.  Bitcoin will likely make all of this worse in the long run.

[Hazir]

There is no way for the openly distributed monetary system to fix inequality of wealth distribution.
How can you prevent already rich people from buying more coins - there is no way for us to enforce that kind of regulation.
It's true that Bitcoin at the beginning was dirt cheap, some lucky people are not extremely rich, but that doesn't help solve inequality problem.

[Ryanpogi]

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.

So, maybe bitcoin change the distribution of wealth in the world, it would be nice if it happens ...

[stromae]

There is no way for the openly distributed monetary system to fix inequality of wealth distribution.
How can you prevent already rich people from buying more coins - there is no way for us to enforce that kind of regulation.
It's true that Bitcoin at the beginning was dirt cheap, some lucky people are not extremely rich, but that doesn't help solve inequality problem.

It's hard to create a balance in the economy of the people. Wealth is not distributed fairly in the world. This is known by everyone. Changing this can be possible with blockchain method and cryptocurrency usage. We will see what's gonna happen soon.

[JPage]

There is only one way to turn a big corporation into a bankrupt is by refusing to buy it's poroducts.

[labs0918]

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 is more equally and it wouldn't be unfair. The distribution of wealth is fair because people will work for that wealth. It is good to work for it rather than not working for money.