Often people say that Bitcoin is a revolution because no central banks exists and thus cannot controlled by the 1%. But when banks came into existence, that was not the case. There were arguably a lot of small banks. But it's inevitable that over years and generations take-overs and bankruptcies take place, limiting the amount of banks and making the ones left bigger.
That principle can be applied to many things, e.g. companies, rich people, nations, nature, and Bitcoin.
Sure, with the start of Bitcoin everyone could get in relatively easy. But people having the edge, get the most money in the end. Bitcoin is not going to solve that problem, that's only possible in some utopia society.
Topic: Are Alt currencies tool to make richer even more rich (Read 771 times)
it is very simple to start mining SHA-256 cryptocurrencies right now
Bitcoin without the existence of altcoin, will eventually be owned by only the rich due to the hash paradox. However, altcoins can remedy this as when bitcoin becomes only minable by the super-rich, average people will flee the currency to altcoin, causing bitcoin to depreciate. Eventually, we will see some degree of parity between altcoins and bitcoin, it looks like litecoin will be the first.
Bitcoin isn't that much different to FIAT. Except for the non artificial inflation. I don't see why bitcoin should set the poor even more behind. On the contrary, if bitcoin gets to the main financial system (im not saying it will), corrupt governments in country's like Sierra Leone are getting a harder time being who they are.
honestly i dont believe its a question about clever or dumb
if you grow up in some countries you just dont have a chance period nomatter how clever or dumb you are
and you see yourself how many children of so called clever persons have a wealth that they could never generate on their own because they are dumb and just got lucky to be born in a family of rich people
s
if you grow up in some countries you just dont have a chance period nomatter how clever or dumb you are
and you see yourself how many children of so called clever persons have a wealth that they could never generate on their own because they are dumb and just got lucky to be born in a family of rich people
s
Interesting view. How about the clever people will survive and the ignorant sheep will be poor?
you can be richer even more by mining that's what i do
@silverbird
can you send me a detailed list on what i need??
thanks
can you send me a detailed list on what i need??
thanks
It's not just bitcoins.
I can argue that any modern comfort item (washing machine, TV, couch, computer) is not available to poor people.
My family donates to charity, you cam too if you want. Simple as.
P.S. It is very easy to start mining SHA-256 cryptos right now. By easy I mean easy to set up, not to hash (network difficulty increase). All you need is a raspberry pi and some block erupters or antminer u1s, all less than a TV or PC.
I can argue that any modern comfort item (washing machine, TV, couch, computer) is not available to poor people.
My family donates to charity, you cam too if you want. Simple as.
P.S. It is very easy to start mining SHA-256 cryptos right now. By easy I mean easy to set up, not to hash (network difficulty increase). All you need is a raspberry pi and some block erupters or antminer u1s, all less than a TV or PC.
You could say the same for the stock market. The top 1% owns 38% of stock market wealth, and the 90-99 percentile owns 43%
That makes 82% of all stocks owned by the top 10%, it's definitely something for the rich to get richer!
That makes 82% of all stocks owned by the top 10%, it's definitely something for the rich to get richer!
oh really
do you have a link??
do you have a link??
Bitcoins for Africa charity exists
and take completly everything from the poor?
I cant complain Im doing well with Bitcoins but theres a thought that keeps crossing my mind
Where Bitcoins and all the other coins just set up to make us even more rich.
By us Im talking about the people that got a house, car and warm meal every day.
Since July I was able to tenfold my money and Im cool with that, but just think, there are people out there struggling to get food on their plate, those could never afford Bitcoins, so they have no chance on making any money and if the raise of Bitcoin continues, we the once already owing Bitcoins we become the new millionaires but whats up with the rest??
I think a raising Bitcoin would put us so much ahead of everyone that this most be literally the end of the world for the Poor.
Im not trying to get to deep into that subject, its just a thought and Id like to know if theres someone that agrees or maybe you say thats complete BS,
let me hear your opinions
For free litecoins and Bitcoins check out my signature
I cant complain Im doing well with Bitcoins but theres a thought that keeps crossing my mind
Where Bitcoins and all the other coins just set up to make us even more rich.
By us Im talking about the people that got a house, car and warm meal every day.
Since July I was able to tenfold my money and Im cool with that, but just think, there are people out there struggling to get food on their plate, those could never afford Bitcoins, so they have no chance on making any money and if the raise of Bitcoin continues, we the once already owing Bitcoins we become the new millionaires but whats up with the rest??
I think a raising Bitcoin would put us so much ahead of everyone that this most be literally the end of the world for the Poor.
Im not trying to get to deep into that subject, its just a thought and Id like to know if theres someone that agrees or maybe you say thats complete BS,
let me hear your opinions
For free litecoins and Bitcoins check out my signature
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