Richest 2000 People richer then poorest 4.6 billion

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It is sad to see the numbers that shows the gap of population of rich to the poor. It is a reflection of how uneducated the poor are. They are uneducated in terms of financial aspect because if they are literate when it comes to financial stuff then they will not be poor because there is a lot of option like investments that they can try to grow their money.

not all investments end well friends, even if someone makes an investment he could end up bankrupt, someone must know what the potential is in this world now, many people get money from the internet

I think those who go bankrupt when investing they only invest in coins that have no potential and they are affected by the benefits provided without doing more research so that they are exposed to scams or fraud and make themselves bankrupt, usually only new people who don't have much experience that will be exposed like that.

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[awik p]

It is sad to see the numbers that shows the gap of population of rich to the poor. It is a reflection of how uneducated the poor are. They are uneducated in terms of financial aspect because if they are literate when it comes to financial stuff then they will not be poor because there is a lot of option like investments that they can try to grow their money.

not all investments end well friends, even if someone makes an investment he could end up bankrupt, someone must know what the potential is in this world now, many people get money from the internet

I think those who go bankrupt when investing they only invest in coins that have no potential and they are affected by the benefits provided without doing more research so that they are exposed to scams or fraud and make themselves bankrupt, usually only new people who don't have much experience that will be exposed like that.

right, most people with minimal understanding of crypto are subject to fraud. but for beginners, it is safe to invest if you hold bitcoin, even though the value is declining, but free of fraud, unlike new projects that are prone to scams, but greed will be close friends with someone, so they ignore the risks, and only think of big profits

[barbara44]

Sorry, what you have said is not possible. Who will divide the wealth? And from whose pocket will the money come from? Bitcoin is not magic it does not automatically make the poor rich, because it doesn’t know whether you’re poor or rich, you just get what you can afford.

Don’t mind people that say Bitcoin can save you from poverty, they say that due to the first people that invested in Bitcoin most of them became millionaires later, and that’s because we that came in late started investing and causing the price to go up and those people turned rich overnight. This time the market is more than and for you to gain a little wealth is by luck, unless there’s going to be another bull run as has been predicted by some Bitcoin analysts.

[asus09]

Will possibility if ten richest person in the world buy and invest with higher amount in bitcoin, each of them invest more than 100,000 bitcoin and how come bitcoin raise to higher price, I think bitcoin have make community and keep support with bigger investor want hold and buy bitcoin with higher amount and save it for long time.

[Broly46]

Stop enriching the boomer generation.
We should work toward ok boomer direction.
First to do is ditch the usd that’s fuelling the richest.

[Twentyonepaylots]

not all investments end well friends, even if someone makes an investment he could end up bankrupt, someone must know what the potential is in this world now, many people get money from the internet

But as far as I know they are pertaining to the inequality of wealth in the case of fiat. Which is indeed what's going on right now. The rich gets richer, the poor gets stuck in poverty. This happens because those few people knew how to get around with fiat and it's also basically because of pyramiding. This happens oftentimes in the corporate scene.


In the case of bitcoin, this could still happen. The few whales are still generally richer than most of us here. But one thing they couldn't do that fiat can is control the price. Which I believe is much more desirable for the common joe as it allows them to make the most out of the coins they have right now. Unlike in fiat where they can control the price and basically make everyone poorer than they are if they want.

[South Park]

How do you think this is devided with Bitcoin we can all just see the top richest wallets in Bitcoin, but do you think Bitcoin is more fair devided then the current money system?
What would be the most fair way of dividing a cryptocurrency so the whole world is actually part of it and gets wealth?

There is nothing we can do, whether you like it or not that is the way the world works and if anything bitcoin could make those differences even bigger as there is no way to take away your bitcoin legally without your permission, the real issue is what can be done to improve the life of the people living in poverty and that can only be done by the use and the advancement of our technology so it comes to the point it is dirt cheap and it can be given away for free or for a very low price.

[Barbut]

How do you think this is devided with Bitcoin we can all just see the top richest wallets in Bitcoin, but do you think Bitcoin is more fair devided then the current money system?
What would be the most fair way of dividing a cryptocurrency so the whole world is actually part of it and gets wealth?

There is nothing we can do, whether you like it or not that is the way the world works and if anything bitcoin could make those differences even bigger as there is no way to take away your bitcoin legally without your permission, the real issue is what can be done to improve the life of the people living in poverty and that can only be done by the use and the advancement of our technology so it comes to the point it is dirt cheap and it can be given away for free or for a very low price.

Cryptocurrencies can make major changes. There are cryptocurrencies that have a fair distribution mechanism, ETN, PHT, and many others. You can mine them on your mobile phone. If you wish more you can mine from your computer, you can upgrade your computer and mine more. We don't need to depend on the current system anymore, there are alternatives for all of us.

[iamsheikhadil]

I think this is a result of a failure of economic institutions as we are failing to distribute the wealth among people and we are just making the rich richer and making the poor, poorer which is really really sad. Let's hope we find a way to tackle it, and one important thing is to eliminate the implementation of a guaranteed-interest based investments like banks and stuffs from businesses.

[Findingnemo]

Bitcoin was created to give freedom and transparency so it has nothing to do with the poverty of the world's economy but chances of funds will get diverse if everyone has cryptos and fiat become obsolete.

[mrquackquack]

Well I don't know the exact numbers but currently at this time Bitcoin is not distributed evenly amongst all the users as well so in correlation with your topic its almost the same across the board.

[South Park]

There is nothing we can do, whether you like it or not that is the way the world works and if anything bitcoin could make those differences even bigger as there is no way to take away your bitcoin legally without your permission, the real issue is what can be done to improve the life of the people living in poverty and that can only be done by the use and the advancement of our technology so it comes to the point it is dirt cheap and it can be given away for free or for a very low price.

Cryptocurrencies can make major changes. There are cryptocurrencies that have a fair distribution mechanism, ETN, PHT, and many others. You can mine them on your mobile phone. If you wish more you can mine from your computer, you can upgrade your computer and mine more. We don't need to depend on the current system anymore, there are alternatives for all of us.

But that is the issue, I have never heard of those coins but even if you are right about them, do you realize the huge barriers to entry just to mine those coins for the poor? They need a computer or a smart phone, they need a stable Internet connection and electricity, it may not seem like much to you but how many people do not have access to those 3 factors? Billions? This is why I say that the issue of the inequality in the distribution of wealth is not easy to solve.

[Averim]

Richest 2000 People richer then the poorest 4.6 billion.
Richest 26 persons richer then 3.8 billion people.

Today I read this in the newspaper that Oxfam Novib calculated this in their report called time to care about economic inequality.
Especially women in underdeveloped country's are stuck in poverty and can't get out.

We all know this has been going on for years but it is pretty shocking to see the enormous difference in these numbers.
It is also hard to comprehend that most concentrated part of the wealth is hold bye a small club of men.

How do you think this is devided with Bitcoin we can all just see the top richest wallets in Bitcoin, but do you think Bitcoin is more fair devided then the current money system?
What would be the most fair way of dividing a cryptocurrency so the whole world is actually part of it and gets wealth?

This is why we are equal. It is really frustrating for me, this is one of those moments when i realise that no mather how hard i work i will never be between the richest people in the country (i try to be modest ).

[hello_good_sir]

It's scary to look at these statistics, but rationally speaking, what is scarier would be perfect equity.

People seem to be obsessed with equality, but when you have true equality, it means that people can't be rewarded for hard work, luck, or a combination of both. In that sense, the world would essentially become inefficient or at least relatively so compared to a world where there is some degree of inequality, but that gap can be individually closed through a function of work.

Of course, there are flaws. What I think BTC can do in this instance is provide a way for people in disadvantaged regions to have access to banking services (the unbanked, as we say), as well as giving international workers a cheap way of receiving their wages and being connected to the wider job markets.

[justdimin]

In a morally decent world, there shouldn't be billionaires and homeless at the same time. I am not saying that there shouldn't be any billionaires in the whole world, but when there is so much wealth in just a very tiny amount of people and there are people who die because they can't find food to eat, that is not really a moral life that we are living right now.

Middle income people or poor people can't really help the homeless or starving, we should just have Jeff Bezos type of people have 80 billion instead of 100, enough of these 2000 rich people giving out we could literally build places that will house homeless people everywhere in the world and provide food for all the starving people at the same time.

This is not saying they should be poor neither, this is just saying they should pay an extra tax after a certain limit, like if a company makes over 1 billion dollars in profit, they should pay an extra tax that will directly go into helping out these starving people and homeless for example.

[Vishnu.Reang]

Well I don't know the exact numbers but currently at this time Bitcoin is not distributed evenly amongst all the users as well so in correlation with your topic its almost the same across the board.

This topic has hardly anything to do with Bitcoin. I would say that the top 1,000 or so owners hold a large part of Bitcoins and on the other hand 99% of the world population doesn't own any cryptocurrency. That means that the wealth redistribution within Bitcoin is even more asymmetric when compared to the one with fiat cash. But it is not surprising. After all, wealth redistribution was not one of the targets of Satoshi Nakamoto when he invented BTC.

[abhiseshakana]

In a morally decent world, there shouldn't be billionaires and homeless at the same time. I am not saying that there shouldn't be any billionaires in the whole world, but when there is so much wealth in just a very tiny amount of people and there are people who die because they can't find food to eat, that is not really a moral life that we are living right now.

Middle income people or poor people can't really help the homeless or starving, we should just have Jeff Bezos type of people have 80 billion instead of 100, enough of these 2000 rich people giving out we could literally build places that will house homeless people everywhere in the world and provide food for all the starving people at the same time.

This is not saying they should be poor neither, this is just saying they should pay an extra tax after a certain limit, like if a company makes over 1 billion dollars in profit, they should pay an extra tax that will directly go into helping out these starving people and homeless for example.

So what's wrong is the gap or the way we see it. At this point, early character education is needed so that future generations have great empathy for the surrounding environment.

We take the example of the views of the rich. Naturally, if spree-spree because they have worked hard and as a reward is spree-spree. But when you have high empathy, the glorious people will think, is it worth it to eat caviar for tens of thousands of dollars while around us there are disabled people who do not have the opportunity to work.

From the perspective of the poor, some think it is natural to steal food because they live below the poverty line. If the foundation of character education is strong then, they will not be easily discouraged and are willing to do any important work not breaking the law.

If each has a good character education, then the rich will try to create opportunities for the poor not just to make profits for their own wealth. Even the poor, when given the opportunity, are not just saying thank you or just expecting donations but doing their best so that the opportunities provided bring benefits to the community.

[AleSergio]

Richest 2000 People richer then the poorest 4.6 billion.
Richest 26 persons richer then 3.8 billion people.

Today I read this in the newspaper that Oxfam Novib calculated this in their report called time to care about economic inequality.
Especially women in underdeveloped country's are stuck in poverty and can't get out.

We all know this has been going on for years but it is pretty shocking to see the enormous difference in these numbers.
It is also hard to comprehend that most concentrated part of the wealth is hold bye a small club of men.

How do you think this is devided with Bitcoin we can all just see the top richest wallets in Bitcoin, but do you think Bitcoin is more fair devided then the current money system?
What would be the most fair way of dividing a cryptocurrency so the whole world is actually part of it and gets wealth?

I think that bitcoin divided mostly the same as current money system. There are a lot of people with big wallets filled with bitcoins and about 80-90% dont have fairly even 1% from that. There wouldn`t be any fair way to divide it, simply because from the beginning bitcoin was bought with fiat and people with good investments good afford themselves much more rather than others.

[andamarina]

Do you people think this is ok ? How we the poor people can do something and also make us to have some enough money and not a lot of stress? We should stop working for a whole year and prepare before of this to have enough food and other stuff? I really think this will make them think they will not become rich without us and the economy will fail without us.

[7788bitcoin]

So a lot of coins are held by exchanges and you know: not your keys - not your coins, this isn't silly expression, it's true. Nothing to talk about that, bitcoin mining is 100% turned into commercial business because of increased difficulty and not revealing new miners on time makes it almost impossible for simple people to mine it.

Majority of the coins are held by gambling sites who started during the 2014 and then comes exchanges and web wallets and even with the risk involved in storing the coins in exchanges people do tend to take the risk even though they hear about massive hacks year in and out.
When it comes to mining, it was a commercial entity back in 2013 as people need to have block erupter to mine and then the ASIC came into the scene and if anyone thought home mining was the way to go to have a truly decentralized network, now we are seeing the opposite as a few huge mining farms control the entire network.

Everything that's good at first gets abused and finally bitcoin isn't exception. But after all, bitcoin has 100x more advantages than current money system.
It's still more decentralized and it has fixed supply, blockchain technology. No one can edit 21 million bitcoin and no one can mine bitcoin on their own after reaching to that limit. We don't depend on 3rd parties, i.e. banks. It gives you possibility to feel a little bit independent from current money system.

The 21 million bitcoin cap can be removed if the developers wanted to  .