If the super rich people and super poor people hadn't existed, everybody would have been average people with average income/wealth.
If everyone had the same wealth, nobody would wanna work.
This explains the situation very well:
Topic: Bitcoin will save the elite. - page 2. (Read 2895 times)
But making riches even richer is what everyone needs.
If the super rich people and super poor people hadn't existed, everybody would have been average people with average income/wealth.
If everyone had the same wealth, nobody would wanna work.
This explains the situation very well:
If the super rich people and super poor people hadn't existed, everybody would have been average people with average income/wealth.
If everyone had the same wealth, nobody would wanna work.
This explains the situation very well:
bitcoin will just make the so called elite more rich even without understanding what bitcoin really is 
Not all elites will be rich. They have the advantage since they the capital to purchase more bitcoin. But not all elites trust bitcoin and cryptocurrency since they are all very tied up to fiat currency and traditional business. This is the reason that will tell us that not all elites are into bitcoin. Thus speaking of which we also have a big chance to be rich with bitcoin all we need is just to hold and collect bitcoins and sell them when their price is very high.
Yeah, for the elite who jumped into the world of bitcoin they can get richer because they has a large capital. But like me who are not elite keep using bitcoin for investment even with small capital. My goal use bitcoin is not to seek wealth as much as possible. Only for the use of participating in bitcoin because in this digital era using bitcoin is a trend. But it is possible, although only using a small capital to acquire more wealth just takes time. Thank you
Not all elite will take their risk in putting their money in bitcoin.
And we, the not elites, will can be rich even as long as we collect bitcoin and save it, and wait until value peaks high.
And we, the not elites, will can be rich even as long as we collect bitcoin and save it, and wait until value peaks high.
bitcoin will just make the so called elite more rich even without understanding what bitcoin really is
Not all elites will be rich. They have the advantage since they the capital to purchase more bitcoin. But not all elites trust bitcoin and cryptocurrency since they are all very tied up to fiat currency and traditional business. This is the reason that will tell us that not all elites are into bitcoin. Thus speaking of which we also have a big chance to be rich with bitcoin all we need is just to hold and collect bitcoins and sell them when their price is very high.
bitcoin will just make the so called elite more rich even without understanding what bitcoin really is
I do not think that only the elite will take benefits of Bitcoin. I agree Bitcoin can make rich people richer because they have money but poor people with skills can have the benefits what this rich people benefits from Bitcoin. And best of it this poor people that have skills and faith in Bitcoin does not need to spend an enormous amount of money. They can even get Bitcoin through their skills. Do not blame rich people being richer with Bitcoin, blame ourselves of being too lazy and too dull to not be able to take advantage of what Bitcoin offers.
bitcoin will just make the so called elite more rich even without understanding what bitcoin really is
The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.
In short Bitcoin will help many of the super rich become richer...that's all.
In short Bitcoin will help many of the super rich become richer...that's all.
That can’t possibly be the case. The big picture for someone is completely different for another one. Can you find somewhere in the original paper of Nakamoto something like that ? You claim that poor people will not be saved by bitcoin but only rich ones. Have you ever thought that about 2/3 of world wide people are without bank status? How these people can accept or send money (apart from person to person cash)? Bitcoin gave anyone this opportunity without the need of any bank. On the other side bitcoin is a currency and a commodity like as gold. Does any of these two is free somewhere in the world?
Actually bitcoin is not designed for only elite people, it was created to be used by all of us, and for poor people it can become an opportunity to earn more money for them, so actually it was design for all people it just depends on how the people used bitcoin
that is right. OP sees many rich people use bitcoin because they can see the advantages, but not all the poor ones do not see it yet. however, I saw some people of my country was not rich when they was into bitcoin, and when they got it, they now can earn some bitcoins a month. so it's just the matter how smart we take the advantages.
It is true that bitcoin will probably benefit the elite more than the average Joe.
That's something that we should work towards. Making sure that we are spreading the word about bitcoin and letting our family members and friends know about the amazing things you can achieve with the bitcoin network.
That's something that we should work towards. Making sure that we are spreading the word about bitcoin and letting our family members and friends know about the amazing things you can achieve with the bitcoin network.
Joe is not exactly tech savy, but improves. Ten years ago nobody carried a quadcore computing device around the landscape everywhere he goes. Now they diddle Angry Birds on these.
Beeing elite comes along owning some skills at least.
The thread from the powers in control are targetting the hashrate. Investments into mining equipment had been the improved Joe's job utilizing wood and duct tape and brazing and soldering. This scene changed and that imposes a thread. Concentration and pure monopoly.
https://bitcointalksearch.org/topic/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen-12156 havent u heard ,were going to be the new elite, gentlemen . on a serious level, u bet ya that the elite will be parking there assets into btc. my plan is to collect as much as i can before this happens. were all just going to be along for the ride when big money rolls in.
Which is why my point is worth considering as there is a definite opportunity for the little guy to ride of the coat tails if big money dives into Bitcoin In a desperate rush. if they ever approve an ETH it will rocket the price. Could be an incredible trade too, ride up a massive peak and sell out into something more tangible like gold leaving some of the elite holding the biggest bags you could imagine! Haha
https://bitcointalksearch.org/topic/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen-12156 havent u heard ,were going to be the new elite, gentlemen . on a serious level, u bet ya that the elite will be parking there assets into btc. my plan is to collect as much as i can before this happens. were all just going to be along for the ride when big money rolls in.
The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks.
bitcoin may be doing this somehow but it is not the main idea of it.A handful of people have become rich but very few, what you mean is some people have made like a million dollars or two. That buys a nice car and a small apartment in major cities of the world IF that.....that's not the real global rich I'm talking about. Buts sure it's helps us guys involved in it in more modest ways....but my point is we are a small group, not the masses.
bitcoin is not supposed to make you rich!and from an investment standpoint, there is always only a few handful of people who get rich but nobody is preventing others from doing the same as them.
I, as a regular Joe, invested in bitcoin back when it was $200 about 2 or 3 years ago and in that time I have made 525% profit. nobody forced me or prevented me from doing that.
am I rich and/or corrupt?!!
if I had bought 1BTC I could make ~$1000 profit and if had bought 100BTC I could have made ~$100,000 profit and so on.
This isn't a college essay so stop with the attitude I haven't given some airtight academic augment with references and stats. But most of what I said, like bitcoins problems and generally lack of mass adoption etc are known facts as of now. And like I said anecdotes of you or some guy making enough to buy a boat and a sports car doesn't make for an argument, it makes you look stupid.
It is true that bitcoin will probably benefit the elite more than the average Joe.
That's something that we should work towards. Making sure that we are spreading the word about bitcoin and letting our family members and friends know about the amazing things you can achieve with the bitcoin network.
That's something that we should work towards. Making sure that we are spreading the word about bitcoin and letting our family members and friends know about the amazing things you can achieve with the bitcoin network.
Two major problems with Bitcoin that means it won't go mainstream is.
1. Not scalable so will never be a viable payment system for billions of people.
2. People might use some middle man but I can't see people using a system where if you make a mistake sending money you can't retrieve it. Imagine some ones parents accidentally sending their life's savings because they got a decimal point wrong.
I don't see my points as a discussion, they are facts. It's just interesting the reality is different from the vision and belief about Bitcoin.
1. Not scalable so will never be a viable payment system for billions of people.
2. People might use some middle man but I can't see people using a system where if you make a mistake sending money you can't retrieve it. Imagine some ones parents accidentally sending their life's savings because they got a decimal point wrong.
I don't see my points as a discussion, they are facts. It's just interesting the reality is different from the vision and belief about Bitcoin.
I fully agree with you. Single block chain (transaction-ledger) based crypto is not scalable. If, say, all Germans pay their coffee every morning with bitcoin, that would mean, about 80 million transactions in a few hours. It would mean the need to grow the chain by about 20 GB every morning. At bitcoin's pace (10 minute blocks) that would mean 200 MB blocks. And this, just to have the Germans drink their morning coffee. If they also pay for their bread, we double. Simply not feasible in the next two decades. Add the Chinese and you see the problem.
When you use middle men, I don't see in what way they would be different from current banking. I would rather trust current banks (even though I'm politically an anarchist) who have tens of years of experience, rather than "a guy on the internet". There's no reason "a guy on the internet" will be more honest, professional and to be trusted, than a local bank office.
The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.
In short Bitcoin will help many of the super rich become richer...that's all.
I don't agreed that bitcoin will help many of the elite people, actually from 2009 those poor people who believed in bitcoin and continue working it up to the present time they are now rich because of Bitcoin. But I agreed that bitcoin can change the corruption of central banks and destroy the system too because of the decentralization which bitcoin has. In short Bitcoin will help many of the super rich become richer...that's all.
The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks.
bitcoin may be doing this somehow but it is not the main idea of it.A handful of people have become rich but very few, what you mean is some people have made like a million dollars or two. That buys a nice car and a small apartment in major cities of the world IF that.....that's not the real global rich I'm talking about. Buts sure it's helps us guys involved in it in more modest ways....but my point is we are a small group, not the masses.
bitcoin is not supposed to make you rich!and from an investment standpoint, there is always only a few handful of people who get rich but nobody is preventing others from doing the same as them.
I, as a regular Joe, invested in bitcoin back when it was $200 about 2 or 3 years ago and in that time I have made 525% profit. nobody forced me or prevented me from doing that.
am I rich and/or corrupt?!!
if I had bought 1BTC I could make ~$1000 profit and if had bought 100BTC I could have made ~$100,000 profit and so on.
I have to respect your opinion but I'm pretty sure bitcoin will be for everyone, those who like to be rich and those rich who want to be richer.
Bitcoin offers equal opportunity and if you believe it will only make the rich richer, how would you describe those early adopters who are already millionaires or billionaires now.
Think about that, that is a complex example and to be realistic, bitcoin will not eliminate the corrupt central bank as no way it can compete with fiat.
Bitcoin offers equal opportunity and if you believe it will only make the rich richer, how would you describe those early adopters who are already millionaires or billionaires now.
Think about that, that is a complex example and to be realistic, bitcoin will not eliminate the corrupt central bank as no way it can compete with fiat.
Two major problems with Bitcoin that means it won't go mainstream is.
1. Not scalable so will never be a viable payment system for billions of people.
2. People might use some middle man but I can't see people using a system where if you make a mistake sending money you can't retrieve it. Imagine some ones parents accidentally sending their life's savings because they got a decimal point wrong.
I don't see my points as a discussion, they are facts. It's just interesting the reality is different from the vision and belief about Bitcoin.
I have to respect your opinion but I'm pretty sure bitcoin will be for everyone, those who like to be rich and those rich who want to be richer.
Bitcoin offers equal opportunity and if you believe it will only make the rich richer, how would you describe those early adopters who are already millionaires or billionaires now.
Think about that, that is a complex example and to be realistic, bitcoin will not eliminate the corrupt central bank as no way it can compete with fiat.
Bitcoin offers equal opportunity and if you believe it will only make the rich richer, how would you describe those early adopters who are already millionaires or billionaires now.
Think about that, that is a complex example and to be realistic, bitcoin will not eliminate the corrupt central bank as no way it can compete with fiat.
I dont entirely agree with this.
Okay it is really expensive now and poor people cannot afford it anymore.
But what about those who are beta users and still holds it up until now.
They aint rich people, actually they are the one who hoped it could rise like this.
Even those who risked their money when bitcoin was so unstable and risk it even more besides the truth that it fell down to a very low price.
Courageous people will benefit from it. Not really the rich ones.
Okay it is really expensive now and poor people cannot afford it anymore.
But what about those who are beta users and still holds it up until now.
They aint rich people, actually they are the one who hoped it could rise like this.
Even those who risked their money when bitcoin was so unstable and risk it even more besides the truth that it fell down to a very low price.
Courageous people will benefit from it. Not really the rich ones.
The bigger idea of Bitcoin is that it will challenge the corruption of central banks and destroy the system that keep the masses poor while passing free printed money to themselves and their banks. Problem is I don't see Bitcoin ever being mass adopted. What I do see is the very rich and often corrupt (Chinese officials for example) using it to shelter their money. Bitcoin will sadly end up being the elites version of prepping, the average man in the street won't be holding Bitcoin but their own dicks come the economic collapse that is coming.
In short Bitcoin will help many of the super rich become richer...that's all.
In short Bitcoin will help many of the super rich become richer...that's all.
Yeah but think about the positives that bitcoin provide.
-Anonymous transactions
Sending your transaction in an open ledger to be seen by the whole world and graved in stone for ever, is not exactly what I would call "anonymous"
Bitcoin's somewhat naive ledger tech is way, way, way worse concerning privacy than fiat. With fiat, only your bank knows, and justice, if they ask. With bitcoin, everyone knows. And block chain analysis WILL tie your address to your identity. The information is propagated on the chain, and more and more of it is available.
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