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Author Topic: Will bitcoin change the distribution of wealth in the world?  (Read 3485 times)
mimienamphine
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May 22, 2018, 12:55:40 PM
 #321

The potentials of bitcoin cannot be underestimated and who knows maybe it can give the equal distribution of wealth around the globe. Maybe this could be one of the reasons why most great nations are trying to ban cryptocurrency. Maybe they think equal wealth distribution will not be good for their economies or less powerful nations will become powerful.

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May 22, 2018, 01:13:00 PM
 #322

The potentials of bitcoin cannot be underestimated and who knows maybe it can give the equal distribution of wealth around the globe. Maybe this could be one of the reasons why most great nations are trying to ban cryptocurrency. Maybe they think equal wealth distribution will not be good for their economies or less powerful nations will become powerful.
Cryptocurrencies are capable of bringing change in the world. They can transform the entire distribution of wealth, and enable the two billion people who have been denied financial inclusion access to the same type of financial services that everybody else has.
sepeda karat
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May 22, 2018, 01:38:41 PM
 #323

The cost of planning the distribution of wealth is a very valuable cost, as you will save a lot in planning the distribution of wealth (inheritance and grants), if you do it right.
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May 22, 2018, 01:44:38 PM
 #324

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.

and if we compare with bitcoin, I think we can get much money and we can have a better life. I can say this because I still trying to make money and so far, I see that in the cryptocurrency, I see a big chance for me to earn more money and I think we can earn unlimited money but it depends on how big our passion to keep continue our works. besides that, we need to have a skills to earn money and I am sure that skills will help us to earn more money.



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tony kurniawan
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May 22, 2018, 01:57:17 PM
 #325

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 think bitcoin can make rich for those who have bitcoin, and those who do not have bitcoin or even do not understand with bitcoin will not feel the benefit of bitcoin.
cryptoalfs76
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May 22, 2018, 02:04:12 PM
 #326

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?

Actualy in other words we can say that bitcoin become a wealth that we can inherit to our family or our sibling,and only we can do is to educate them how to use it,while in other hand,as of now i cannot heard some information that bitcoin would distribute the wealth equally  compared to the current wealth distribution because its a personal matter and cannot been publicize.

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May 22, 2018, 02:13:31 PM
 #327

Bitcoin will make new set of millionaire and billionaire in the world and bring new employment and as well as self employed individuals good for the country economy growth
Nylesor
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May 22, 2018, 02:20:31 PM
 #328

I dont know if bitcoin will change the distribution of wealth in the world. All i can say is bitcoin may help some to earn more and to lift up their economic status individually. But still it depends on the motivation and effort the bitcoin member will put into to earn more. It also depends on their strategy.
jakoylantern
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May 22, 2018, 03:31:46 PM
 #329

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?
For me, it depends on the person if they can, but as you can see, some people become wealthy because of bitcoin. But on the other hand wealth is wealth, there are so many kinds of business in this world that you can use to become millionaire or billionaire. But in this kind business or cryptocurrency world that most of the time its cost is changing I cant say that bitcoin can equal the current wealth distribution because you can be a wealthy person in just a moment if you convert it fast or you can lose most of your investment if bitcoin's value plummet and panic sell. Smiley
makolz26
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May 22, 2018, 03:55:50 PM
 #330

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?
For me, it depends on the person if they can, but as you can see, some people become wealthy because of bitcoin. But on the other hand wealth is wealth, there are so many kinds of business in this world that you can use to become millionaire or billionaire. But in this kind business or cryptocurrency world that most of the time its cost is changing I cant say that bitcoin can equal the current wealth distribution because you can be a wealthy person in just a moment if you convert it fast or you can lose most of your investment if bitcoin's value plummet and panic sell. Smiley
I don't think that it will change the distribution of wealth since we are just treating bitcoin as just like an alternative currency, it would be hard to recognized for now the distribution of wealth but I could say that it really change the life of many individuals and with that I think it has a big impact in the economy of a certain country.
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May 22, 2018, 04:36:46 PM
 #331

I'm sure it will change. Already now the banking systems have felt on itself passing-many of those who did not pay a visit could allow, became the millionaire, to visit addressing them.

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May 22, 2018, 04:50:14 PM
 #332

Normally, the concept of wealth redistribution involves government using force to take from some people and give to others. But the bitcoin revolution is redistributing wealth differently.
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May 22, 2018, 04:57:32 PM
 #333

Bitcoin does not change the distribution of wealth in the world. As always rich people have the greater opportunity to earn big here because they have the resources already that they can use in investment. As we all know there is no equal distribution of wealth in this world, the gap between the rich and the poor is very far. In bitcoin, yes it gives us the opportunity to earn and the chance to the unemployed people earn also but we cannot definitely say equal distribution of wealth exist.
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May 22, 2018, 04:58:53 PM
 #334

in my opinion yes of course it might happen, but it all takes time to do it. Because bitcoin is still a developmental stage, so it is not possible that it can change the glory of the world.  Smiley
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May 22, 2018, 05:58:13 PM
 #335

Not sure because honestly Bitcoin hasn't slowed down in terms of changing hands right now. We may know more in the future when people report taxes and Bitcoin is moving around less. I would like to believe the wealth distribution would get better because of it, but I could also see it being worse due to the barrier of entry to own Bitcoin (the level of sophistication understanding the system).

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May 22, 2018, 08:00:57 PM
 #336

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 distribution of wealth has already begun and Bitcoin has shown glorious out come for quite some year now and distributed wealth. To many people specially member.. And it's would be impossible that Bitcoin can participate more wealth in the near feature no doubt about it..

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May 22, 2018, 08:18:13 PM
 #337

Bitcoin can't make all people in the world wealthier. Yes, definitely a lot of people got richer thanks to bitcoin, but what about those who don't even know about it? They will stay in the same position as they are now. And also some poor people don't have access to the internet. So it is not possible for them to earn money this way.
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May 24, 2018, 08:29:06 AM
 #338

Under the change of wealth distribution I mean the result when some people who are involved into the business will get very rich by getting lots of profit from the bitcoin.
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May 24, 2018, 08:37:20 AM
 #339

It doesn't change anything. The world's 80 percent wealth is in the hands of 20 percent.

Bitcoin is simply a tool that requires people to operate in the right way.
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May 24, 2018, 02:18:25 PM
 #340

It doesn't change anything. The world's 80 percent wealth is in the hands of 20 percent.

Bitcoin is simply a tool that requires people to operate in the right way.
In bitcoin, this ratio is even greater. Yes, it's not entirely fair, but it's reality. In the crypto-currencies there is no communism, there is no equality.

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