Blockchain as a solution to inequality?

[krypto_k]

https://medium.com/@poolofstake/blockchain-as-a-solution-to-inequality-385cd08b9f03

Nice article to read. What do you think?

[Cacao2017]

 do not think so if you borrow money from the bank you have to accept the difference between the sender and the price you borrowed from you have to pay the third party is the bank when you trade bitcoin you It is not worth the price and not through the third party but only the seller and the buyer

[Maestro75]

I think the article is a piece of rubbish. Nothing on this earth will ever end inequality, not even the big dreams we all have about bitcoin. Nothing. There will be poor people and as well as rich people forever to ever. Check your fingers, are they all equal, man?

[carlozharz]

For me Blockchain is a way to improve the economy, I love blockchain because blockchain gives me a solution to improve my economy, anyone who can use blockchain technology will get good and economic improvements, I do not really understand what kind of equality do you mean?

[Haoque89]

The blockchain was born as an important event to make the transaction of cryptanalytic and modern cryptographers safer than ever before. You can never say that it is equal, so we can not say  Blockchain as a solution to inequality.

[jseverson]

I think the article is a piece of rubbish.

It's an article that promotes a certain project called Pool of Stake. The article talks more about solutions to blockchain inequality rather than using the blockchain itself to address inequality lmao. It's clickbait.

To answer the topic's question though: I seriously doubt it. It's an extremely tall order considering inequality is a problem as old as humanity itself. It's a social issue that cannot be addressed by simple software implementation. It could probably have micro effects on isolated fields though, depending on what it's used for.

[wantjokull]

If inequality was supposed to be so much easy then why would any country be divided on the earth!

Within nation there is always inequality in terms of money, and thats why there are rich and poor people everywhere. The system can not be made equal because everyone is at different pace of their family and life development and thus it can be very harder for accepting that nothing comes on the same page ever!

Blockchain on the other hand is itself crucified by the government and are not willing to accept it so I guess that is another big dumb shit that may not help us to get equality within the system.

[Maestro75]

I think the article is a piece of rubbish.

It's an article that promotes a certain project called Pool of Stake. The article talks more about solutions to blockchain inequality rather than using the blockchain itself to address inequality lmao. It's clickbait.

To answer the topic's question though: I seriously doubt it. It's an extremely tall order considering inequality is a problem as old as humanity itself. It's a social issue that cannot be addressed by simple software implementation. It could probably have micro effects on isolated fields though, depending on what it's used for.

This is why some members of bitcointalk have asked the admins to ban newbies from starting a thread. The newbies are guilty of sending clickbaits and spams here.

[krypto_k]

I think the article is a piece of rubbish.

It's an article that promotes a certain project called Pool of Stake. The article talks more about solutions to blockchain inequality rather than using the blockchain itself to address inequality lmao. It's clickbait.

To answer the topic's question though: I seriously doubt it. It's an extremely tall order considering inequality is a problem as old as humanity itself. It's a social issue that cannot be addressed by simple software implementation. It could probably have micro effects on isolated fields though, depending on what it's used for.

This is why some members of bitcointalk have asked the admins to ban newbies from starting a thread. The newbies are guilty of sending clickbaits and spams here.

To be honest a lot more spam and pointless discussions about bitcoin, how many times we can discuss the same stuff? This post was about to open an discussion, what worked.

[actuallytwolamas]

We have to admit there is no solution to solve inequality, at least not right now, it's just how the world works. Smart people earn more, not so smart earn less, and that's totally fine for me.

That article is just to promote theirs ICO, they pointed some other projects, which doesn't solve inequality at all, at least I don't see how exactly that solves inequality, and I don't even see how Pool of Stake solves inequality problem.

[charlotte04]

https://medium.com/@poolofstake/blockchain-as-a-solution-to-inequality-385cd08b9f03

Nice article to read. What do you think?

We shouldn't want to do that since the balance in this world would be ruined. Someone has to work for those who are hard workers and rich just because of their eagerness to be rich.

[Twentyonepaylots]

https://medium.com/@poolofstake/blockchain-as-a-solution-to-inequality-385cd08b9f03

Nice article to read. What do you think?

We shouldn't want to do that since the balance in this world would be ruined. Someone has to work for those who are hard workers and rich just because of their eagerness to be rich.

This is just another form of marketing strategy for ICO product as posted, Blackchain was developed for easy access into crypto currency transaction, is also use  as safety net for one coin in the market. We can read a lot of article about Blackchain system in the news fed, It is better for us all to make an individual decision on how we evaluate the system.

[no0dlepunk]

Naah, most people think of blockchain as some sort of financial tool, but in reality, it's main purpose is to secure information so it can't be manipulated at all.

[darkangel11]

I think the article is a piece of rubbish. Nothing on this earth will ever end inequality, not even the big dreams we all have about bitcoin. Nothing. There will be poor people and as well as rich people forever to ever. Check your fingers, are they all equal, man?

First of all they aren't talking about solving the problem of inequality once and for all, because that can't be done. They're focusing on reducing it and some of the solutions are quite good IMO. Like this one:

Pool of Stake solves the inequality issues of PoS by creating the first decentralized pool for PoS blockchains. The product lets token holders participate together in transaction verification by pooling their funds to stake together so they can share the rewards later. This lowers the entry barriers for staking. It also creates an equal environment in which all token holders can participate to secure blockchains and generate a passive daily income, regardless of their initial wealth!

This would actually allow the holders of BTC participate in mining and earn passive income. Inequality would still remain because there would have to be the minimum that you have to hold to be able to get anything. This means that if you wouldn't be able to afford 5BTC (for instance), you wouldn't get anything.

[hugeblack]

Dreams are beautiful, but the reality is a nightmare.
Much of the abuse has occurred to the blockchain in general, from the creation of currencies that are not useful "useless" to the cases of a scam that destroyed the image of ICOs.
I read the article but I think it's more writing than applicable ideas, generally, the blockchain will change the world.

[dothebeats]

Cryptocurrencies, alongside blockchain, will never, ever solve the problem of wealth inequality and that's a fact. The article only stated equal opportunities but what kind of opportunity are we talking about here? At the end of the day, those richy rich people would have the last laugh while those who are waaaay below down the poverty line would still struggle to have something for a day. Blockchain isn't a tool for alleviating the stress on the shoulders of poor people, but it gives people the opportunity--especially in cryptocurrencies--to be their own bank, use their money wisely and take it from there. People's efforts and approach on doing things, at the end of the day, help them get better lives and no tools whatsoever will ever do that for people.

[andrei56]

https://medium.com/@poolofstake/blockchain-as-a-solution-to-inequality-385cd08b9f03

Nice article to read. What do you think?

Bitcoin was never designed to be a solution to anything like that, I know that some people would like to see a better world and while I understand that, people need to accept that there is always going to be a level of unfairness in the world and income and wealth inequality is one of those things, so bitcoin is not going to solve those issues and we must accept that fact.

[Bitcoinpioner]

Blockchain is not a solution for inequality, it is a solution for different things first of all the decentralization, and in this system the ones that were the first are the ones who are richer, but the poor ones also can have benefits by airdrops and bounties so it is a sort of also solution for giving people some profit

[palle11]

What I see that blockchain and bitcoin have done is that it has helped to alleviate the massed or poor from poverty. It has given the masses an avenue to invest now and into the future. This angle of inequality, it is an age long thing and can't be reverted.

[adzino]

https://medium.com/@poolofstake/blockchain-as-a-solution-to-inequality-385cd08b9f03

Nice article to read. What do you think?

Didn't go  through the whole article (lost interest half way as the article sounded quite typical) but the upper half of the article got my attention where they stated that new technology has bought more inequality. To be honest, for the universe to be balanced, we will need inequality. There are rich people because poor people exist. If everyone was rich, then the term rich would actually mean nothing. And think about it this way, if everyone was actually equally rich, then who would be working on the field to produce crops? Eventually there must and will be class difference as long as the earth exists. Without inequality, the society would cease to run at all.