Blockchain as a solution to inequality?

[Damn3d]

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?

Even more than that, if the whole world would believe in blockchain, they will experience so much better life and comfort, by using all those advantages, that only blockchain can give. Imagine just a fast app paayments, like Telegram

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[stompix]

As much as part of the plans of the block chain/cryptocurrency is to solve the problem of inequality;
....
So, the aim of solving inequality has been really eroded.

There was never such aim. NEVER!!!!
In no whitepaper, in no discussion in no blog post was there even mentioned a hint at this aim.

Get over it, BTC will not solve inequality, the poor will never have the money to "invest" either directly in BTC or by buying mining gear or even altcoins. The ones that are rich now are those affording to buy even more.
So stop looking at BTC like it's the dream or Marx, it's actually the exact opposite.

A quick look on where the nodes and where the ATMs and the shops are will make you understand that the poor are actually left behind right now.

but at the same time technology has allowed to a person without too many resources to live better than kings of the past, our medical technology is better than at any point in the past, you have superior entertainment thanks to the TV

Have to disagree on this, a lion fight in the arena beats every damn 3D or 4D movie.

[richminded]

Blockchain technology is actually a solution to inequality and that is the reason African and some Third World countries has to embrace it if they really want to come out of poverty and miss management in the society.  I also believe that blockchain technology has bring trust into human dealing and it is good because is decentralized. 

Blockchain technology will guide everyone to their growth but hopefully our government will not make any malicious thing to corrupt this system. This is the solution, and everyone should adopt this system because this is the future we ever wanted.

[Zadicar]

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?

Very well said which nothing on this world would end up inequality. Lets talk about blockchain tech, yes it do gives innovation when it comes to decentralization but we cant still able to get away when it comes to placing ourselves. How we do consider our place when it comes to investment or holdings? There would be always who are on the top such as whales which do have the control on the market. As long theres people who do accumulate more than on most people then dont expect about equality.

[fishball]

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

Nice article to read. What do you think?

Quite intersting but it is too much to think that might happen though a lot of us wants equality for everything. But then again, inequality will never fade since a lot of people wants to stay on top.

[andrei56]

snip

but at the same time technology has allowed to a person without too many resources to live better than kings of the past, our medical technology is better than at any point in the past, you have superior entertainment thanks to the TV

Have to disagree on this, a lion fight in the arena beats every damn 3D or 4D movie.

You got me there , but at the same time while many gladiators were there out of their own volition there were also slaves, traitors, criminals or just unlucky people there and I'm glad I live in a civilization in which the chances of  having to go through that are zero, personally I prefer video games over TV but I suppose you get my point that the technology for entertainment has evolved and this is a good thing especially now that boredom is a problem generated by technology that saves so much time on other aspects of our lives.

[nicolasken191]

btc will be grow in the second year to

[RockBar0]

Would've been more precise if it was 'cryptocurrencies' in the title and not blockchain. While blockchain is just the backbone of cryptos, it could have nothing to do with inequality as it acts more like a ledger than anything else. On the other hand, cryptocurrencies have typically been 'trust and invest in us and get rich quick' schemes (not all of them) and this has been the turnaround that has been guaranteeing close to an equal wealth distribution through sales and airdrops.

Blockchain is indeed the foundation of electronic money, but not so general. These two ranges are completely different. Electronic money has changed the lives of some people as well as the community. In particular, it boosted the economy rapidly. And the sad thing here is, "The greatest risk in one's life is not to take risks". Most of the rich and successful do.

[kr105]

I think blockchain don't solution to inequality, but it is possible to achieve the most accurate results because the data entered in the blockchain can not be changed. So our governments can not deceive us with lies that the economy is all right and we can change them with others who will manage them more successfully.

[icoresearch]

Hmm. Looking at the wealth distribution... Not really. However, the initial distribution is still in place. It is interesting to investigate, how this inequality in wealth distribution changing over time.

[Ann Impas]

I personally believe that blockchain can be one solution to the current inequality. Even in bounty campaigns currently, it does not require any education background or whatever form of economic status in order to join any bounty program. The same way, blockchain is decentralized and it can be utilized to pay people base on their individual work, thus distribute wealth in an efficient manner. Thank you blockchain. Appreciate the value of this technology.

[Legone]

For me Blockchain is a way to improve the economy, I love blockchai 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?

I'm also agree with your opinion because blockchain is a good way that all people have a chance to become wealthy through investing it and most of all it makes our online transactions faster and comfortable.

[lastnumber]

Right. Blockchain is a solution to ensure fairness for everyone. The nature of the Blockchain technology is inviolable in terms of data. No one can change the database, thus avoiding the deliberate interference of others. Therefore, Blockchain technology is being applied in many fields of many countries in the world.

[Ryker1]

Right. Blockchain is a solution to ensure fairness for everyone. The nature of the Blockchain technology is inviolable in terms of data. No one can change the database, thus avoiding the deliberate interference of others. Therefore, Blockchain technology is being applied in many fields of many countries in the world.

I agree, it's a great solution for us, just like you said no one can interfere when we're transacting with others, and yes, that's why a lot of people are interested about it. With Blockchain, a lot of poor people became rich, that's why I agree that it's a solution when it comes to inequality, they give chance to all people.