Basically, the Bitcoin technology does not address the issue of unequal distribution of wealth. Or does it? If not, what can be done about that?
Education.
And not just any education, I learned economics all through my school years and never once did anything we cover monetary theory. I also frequently consumed any economics or financial oriented journalism or documentary, and only through youtube did I ever find anything that filled the gap (Neil Ferguson's "Ascent of Money"). And even that covered it from a very status quo sort of angle.
And a complete cultural change is what's really needed, because this culture encourages everyone to be superficial, acquisitive, accredited/authorised, vain and introspective ("selfie", ugh), and dependent (both on government and on social groups). It discourages the self-determined (in both thought and profession), critical thinking, independence, and above all questioning authorised or established views. And this culture achieves this result through the newspapers, history books, school textbooks, school curriculum, advertising, television and movies, the list probably contains even more subtle examples than I can contemplate.
Really, the current class of rich plutocrats are in that position through a mixture of nepotism, gangsterism, and not least the careful propagandising and cultivating of this era's version of the serf class. Bitcoin plutocrats will be mostly made up of people that used self-determination of one form or another to attain that status, so their values won't be quite so easily corrupted as they got there through merit. And those who adopt cryptocurrency last will still benefit from some inevitable cultural changes: hard money will bring better quality of goods, more political power to the individual, improved long-term capacity to save, more transparent finances from governmental bodies and businesses, plus a whole host of ancillary benefits from taking the model of a decentralised database validated by proof of work and applying it to other aspects of the way communities and societies organise themselves (this will be the absolute game changer, our future lives will be very different using this data storage tool that we've been gifted).
It's a shame that these journalists are throwing fits of luddite rage, instead of learning and disseminating about how this will eventually be nothing short of a technologically driven revolution. But then again, I guess their response is truly representative of the worst aspects of this culture that I disparage above, they'll not be fit for such a change until they realise that their position in life is no longer as certain as they once became so comfortable with.
