The distribution of Bitcoin is not uniform, but in the long run, Bitcoin is a force against the uneven distribution of global wealth. Workers using Bitcoin can save wages and accumulate the scarcest monetary wealth. Therefore, Bitcoin is a currency that achieves global wealth equality.If it is inequality in the initial state, the Bitcoin network will also bring wealth equality in the future.
How does Bitcoin save wages? Most people would expect to be paid in the same amount in both fiat and Bitcoin but people who get paid in Bitcoin might hope that Bitcoin gains price and they benefit off of it more. It does not save wages. Bitcoin does not achieve global wealth equality because to gain Bitcoin you have to invest which requires money at first you cannot generate it without invest a lot of money. 
Topic: Does Bitcoin increase wealth equality? - page 3. (Read 742 times)
Bitcoin fixes unbanking and cantillionaires to an extent but Grin fair distribution model completes this idea.
Yeah that's my point - I believe billionaires have been buying bitcoin for years. A high percentage of the elite already own bitcoin.
If that were true, don’t you think the price of BTC today would be much higher than it really is? If elites (billionaires) really bought BTC, then it would be very visible on crypto exchanges that would be far less liquid than it is today - because I have not heard of a case where someone failed to buy BTC because there is a shortage on some exchange.
Regardless of the fact that the BTC supply is limited to 21 million coins, and that it seems very small to some people - there are still large (millions of coins) in the open market, but also in the OTC market.
Being rich and being elite is not always a sign that someone is intelligent, because there are those who have inherited wealth and do nothing with it except spend it. Consequently, I don’t think these elites took BTC seriously until the bull run in 2017 - nor did many ordinary people.
I agree, billionaires have only started to take interest in Bitcoin. As you said before
Lucius, anything under $100,000 is a bargain but unfortunately the higher the
Bitcoin price goes the less ordinary people can afford to buy, not really relevant for
the elite so that way Bitcoin does increase inequality, but what financial or investment
vehicle doesnt?
This thing about wealth equality and wealth distribution doesnt work, at best it would
work for a short time. Some people will earn more than others, some will spend and save
more than others, does that mean there should be wealth redistribution every 5 years?
Did 'Traveller's Cheques' solve wealth inequality before they became obsolete. Has email solved it? No. Because these things weren't designed to do that. It wasn't their purpose. Solving wealth inequality isn't in the remit here. Bitcoin is not some magical cure-all which somehow fixes every problem you care to name.
I know a magical cure for inequality. Let some morons due to some redistribution and as history told us in less than 10 years everybody will be as wealthy as a church mouse. Works flawlessly since the 18th century.
If that were true, don’t you think the price of BTC today would be much higher than it really is? If elites (billionaires) really bought BTC, then it would be very visible on crypto exchanges that would be far less liquid than it is today - because I have not heard of a case where someone failed to buy BTC because there is a shortage on some exchange.
I think this is one of the other myths that gets regurgitated here topic after topic, if the "elite" or the reptilians or the Bilderbergs or the NWO or whatever would have been secretly buying coins with a tiny percentage of their total wealth we would not be at under $1T in marketcap by now. And the excuse that they keep prices low by doing some voodoo magic to buy coins cheaply is also simply ridiculous.
Just the 1% of the wealthiest Americans own (legally and traceable) around 42 trillion in assets, if they would have used even one tiny percentage of this, the numbers would be totally different by now, let's not forget the current $800 billion includes also satoshis' coins and other lost coins, coins for which nobody has paid a dime ever.
Anyhow, back to the wealth redistribution, again, day after day, people are preoccupied with other people's money and how bitcoin is helping and not helping like a bunch of code would ever be capable of applying socialist principles. Too bad that it seems I'm not going to get used to this barking anytime soon.
Due to Bitcoin's supply issuance schedule, it's fair to say that those who buy bitcoin early achieve (exponentially) outsized gains.
Based on what we've seen so far, adoption looks something like: cryptographers -> early adopters -> suits/elite -> the masses
Given that the exponential nature of adoption and returns, doesn't Bitcoin further increase wealth equality? So that the elite are even richer than the everyone else?
To be a bit more specific, what I'm envisaging is the new world to include three groups of people, the elite (aka "the 1%" of the old world), the early adopters (aka "the 1%" of the new world) and the masses (the remaining 98% of people).
Before bitcoin maybe top 2% of people owned 80% of the wealth. But after bitcoin, perhaps top 2% would own 95% of the wealth (approx only to illustrate point).
Thoughts?
Bitcoin wasnt created for that sole purpose because this is mainly focusing on decentralized payments without 3rd party involved which is totally not mentioning about equality or even just with common sense Based on what we've seen so far, adoption looks something like: cryptographers -> early adopters -> suits/elite -> the masses
Given that the exponential nature of adoption and returns, doesn't Bitcoin further increase wealth equality? So that the elite are even richer than the everyone else?
To be a bit more specific, what I'm envisaging is the new world to include three groups of people, the elite (aka "the 1%" of the old world), the early adopters (aka "the 1%" of the new world) and the masses (the remaining 98% of people).
Before bitcoin maybe top 2% of people owned 80% of the wealth. But after bitcoin, perhaps top 2% would own 95% of the wealth (approx only to illustrate point).
Thoughts?
you could really able to tell that this is something impossible to happen on this world as there would be people whom do love to accumulate more as much as they can.To think about wallets that do own
more than 1 bitcoin and the rest is just some fraction or proportional. There would be people who do love to be on the peak spots when it comes to their possession which is the sad fact.
Why would thinking off about equality? It wouldnt happen.
The real basic wealth of the ability of a diligent person to always follow and enter in a bitcoin market movement..
from small things are always collected and do not need to have large capital to achieve wealth with bitcoin..
In this case, we must be patient and consistent. buying a small amount is not a problem, as long as it is sustainable, if it is collected over time it will be more and more. This is similar to the DCA strategy, where we buy assets with fixed capital and are carried out for a certain time continuously. for example, buy bitcoins every month by setting aside 10% of income. This is quite effective for those of us who lack market analysis skills.from small things are always collected and do not need to have large capital to achieve wealth with bitcoin..
Either way, bitcoin offers an opportunity to get rich, if we don't become people who have the ability, we hope that we become lucky people. a lot of surprises in the crypto world, enjoy and take advantage of it.
Due to Bitcoin's supply issuance schedule, it's fair to say that those who buy bitcoin early achieve (exponentially) outsized gains.
Based on what we've seen so far, adoption looks something like: cryptographers -> early adopters -> suits/elite -> the masses
Given that the exponential nature of adoption and returns, doesn't Bitcoin further increase wealth equality? So that the elite are even richer than the everyone else?
To be a bit more specific, what I'm envisaging is the new world to include three groups of people, the elite (aka "the 1%" of the old world), the early adopters (aka "the 1%" of the new world) and the masses (the remaining 98% of people).
Before bitcoin maybe top 2% of people owned 80% of the wealth. But after bitcoin, perhaps top 2% would own 95% of the wealth (approx only to illustrate point).
Thoughts?
Based on what we've seen so far, adoption looks something like: cryptographers -> early adopters -> suits/elite -> the masses
Given that the exponential nature of adoption and returns, doesn't Bitcoin further increase wealth equality? So that the elite are even richer than the everyone else?
To be a bit more specific, what I'm envisaging is the new world to include three groups of people, the elite (aka "the 1%" of the old world), the early adopters (aka "the 1%" of the new world) and the masses (the remaining 98% of people).
Before bitcoin maybe top 2% of people owned 80% of the wealth. But after bitcoin, perhaps top 2% would own 95% of the wealth (approx only to illustrate point).
Thoughts?
I'm not sure that Bitcoin does increase wealth inequality - I think that it is an ongoing process that happens regardless of Bitcoin. The rich get richer every single day, simply because it is extremely hard to outspend their various sources of income. They will have huge stock portfolios which generate money in the form of dividends (companies paying out their profits) which usually get reinvested to buy more shares, so the dividends increase next quarter or next year - only a small fraction is usually siphoned off to pay living expenses. Bitcoin is just another storage vessel for their money and they are more than happen to join the hype train if advisors are showing them massive gains on certain types of investment.
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Making someone rich? Uh no. Bitcoin isn't really that type of stuff that you expect that would give you wealth. Although I am gonna be honest that its value is insane from how it just go all the waaaay up in its price, but again there are people forgetting about what Bitcoin is made for.Other investments you are mentioning are surely just those shitcoins.
The rich who have the wealth to invest in Bitcoin will accumulate more wealth the gap will not close instead it will widen. The average joe does not have the money to invest in Bitcoin to make enough to close the gap they might become rich from it but the gap will widen because every rich person will have invested in Bitcoin to.
The real basic wealth of the ability of a diligent person to always follow and enter in a bitcoin market movement..
from small things are always collected and do not need to have large capital to achieve wealth with bitcoin..
from small things are always collected and do not need to have large capital to achieve wealth with bitcoin..
Bitcoin promotes the fairness of the global currency. As for whether wealth equality can be achieved, I think it is impossible. Maybe after many years, through fair game rules, the wealth gap will be narrowed. The weakness of human nature is not to worry too much, but to worry about uneven distribution.
Bitcoin may make a person rich, but investing in other cryptocurrencies may make people see nothing.
make people see nothing meaning only bitcoin can bring profit and gains? i am not sure if you are correct but for me? i made profit in altcoin also so disagree on this.Quote
Investment is risky. Bitcoin will not increase wealth equality, it will allow us to transform grassroots personnel into a process of wealth freedom. Some people will succeed, some people will fail.
it is equal if we will act us one, we will hold in time and will sell in time also that is equality , but since the market needs a loser for others to be a winner ,then that is what we called Cycle of market.Quote
If it is the right investment, Bitcoin will make us rich.
In the right investment? do you really understand this right? we are talking about bitcoin so what is other investment there? 
The crypto market is not stable so it is very difficult to predict it accurately. Even if it guarantees what will happen in the future the networks may be wrong to rise and fall if you can invest in the right way it is possible to increase the balance of bitcoin assets for this you need to have good knowledge and experience about the market. Not the manufacturing business or the industrial product with analytical supply and demand balance the bull bear gap when it comes to valuing things like bitcoin is not only in terms of price but also very purposeful for their existence as investable assets.
The distribution of Bitcoin is not uniform, but in the long run, Bitcoin is a force against the uneven distribution of global wealth. Workers using Bitcoin can save wages and accumulate the scarcest monetary wealth. Therefore, Bitcoin is a currency that achieves global wealth equality.If it is inequality in the initial state, the Bitcoin network will also bring wealth equality in the future.
Bitcoin quantitatively strengthens monetary policy and protects people's wealth from government control and harvesting. And the value of Bitcoin will increase over time, and your wealth will only increase because of savings.
The decentralization of Bitcoin makes equality of opportunity possible. Everyone can participate in the same monetary system, freeing us from discrimination against the poor and the helpless by government funds. Bitcoin can push us towards a fair and equal world.
The decentralization of Bitcoin makes equality of opportunity possible. Everyone can participate in the same monetary system, freeing us from discrimination against the poor and the helpless by government funds. Bitcoin can push us towards a fair and equal world.
Bitcoin may make a person rich, but investing in other cryptocurrencies may make people see nothing.
Investment is risky. Bitcoin will not increase wealth equality, it will allow us to transform grassroots personnel into a process of wealth freedom. Some people will succeed, some people will fail.
If it is the right investment, Bitcoin will make us rich.
Investment is risky. Bitcoin will not increase wealth equality, it will allow us to transform grassroots personnel into a process of wealth freedom. Some people will succeed, some people will fail.
If it is the right investment, Bitcoin will make us rich.
Before bitcoin maybe top 2% of people owned 80% of the wealth. But after bitcoin, perhaps top 2% would own 95% of the wealth (approx only to illustrate point).
Bitcoin's marketcap is still only 1 trillion. This is a tiny drop compared to global wealth. So before you can start seriously discussing Bitcoin's effects on inequality, you would need to have it grow hundreds of times, which might not even happen. It's pointless to discuss things that are so distant in the future, because so many things can change and absolutely no one can predict that.
basically we all have the opportunity to get rich, sometimes we throw away every opportunity that exists, we can't take advantage of all the opportunities that have come to us, maybe people who have been playing bitcoin from the start, they are now rich, sometimes there are some of them who fell into poverty again, because they lost in gambling..
Not everyone, are you so out of touch and privileged that you didn't think your reply through? If everyone has an opportunity to get rich, then how come there are people dying of hunger in some parts in different continents like Africa, Asia and impoverished parts of Europe and Americas? This world has been unfair from the start, it's not the world though, it's the people that made it feel that the world is unfair. I don't exactly think that bitcoin increased or improve the wealth quality, probably made just another means to make money. 
basically we all have the opportunity to get rich, sometimes we throw away every opportunity that exists, we can't take advantage of all the opportunities that have come to us, maybe people who have been playing bitcoin from the start, they are now rich, sometimes there are some of them who fell into poverty again, because they lost in gambling..
Are you talking about overall equality? Because that's never going to happen because the richer would just get richer and the poor just get crumbs or something. Unless they try to invest in it, they will probably use it for necessities instead of Bitcoin. With the current situation that we are in, it's not going to be distributed to the masses because it's long gone. Early adopters, on the other, have the feeling of the make it or break it type of thing.
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