Topic: Fix the money, Fix the world. - page 6. (Read 1627 times)

We can't reny the fact that there are these social segregation between poor and rich. This is the balance we need in our economy. If we all are in equal status, how will the manpower will operate? No one will work physically, if i have money i will just use it to business or investment.

People who are busy talking about social status and even themselves feel that their social status is not clear in the eyes of society. The fact that we have nothing to be proud of, except what we have today, has taught us how to live even though we feel deprived. I don't know. Can social status show that the world is your own? of course not, anyone is free to be himself and determine respect, and not when two parties are mutually selfish with their respective economic conditions.

For example, Indian society generally adheres to the Khasta system. then what do you think is the use of self-respect, respect it seems that only rich people have? Have you ever positioned yourself at the lowest caste and thought for a moment? That is just a small simulation of how painful the standard of living is when viewed from social status alone.

How can we equate the rich and the poor? Simply by looking at their account balances, they are already different, and it is quite natural for most people to show more respect towards the wealthy. Someone who possesses a substantial amount of Bitcoin is considered rich, whereas someone with only a small amount of Bitcoin is considered poor. (This context applies when Bitcoin is the sole measure of wealth).

I agree more with the notion of character education for each individual, so that the wealthy can be wiser in considering the feelings of the less fortunate. And the less fortunate should also be self-aware and show respect towards others. When the sense of arrogance within each human being has vanished, there would be no need to fix the money to fix the world.

Not all governments use money as a tool to oppress the poor like you are talking about and also many governments try to help their people use money through existing programs. To be honest, we cannot fully blame the government because the system of government is bound from time to time. Realistically the state has guaranteed security for the people in making money for their daily needs and maybe not as optimal as we want.

Not all things that we consider appropriate can be forced to go hand in hand and there is always a space to separate one thing from another. If everyone had the same wealth in every country, then there would never be anyone working in the market, laborers or freelancers. The world will continue to be balanced between the rich and the poor and there is no need to worry because the cyclical process will continue. When someone can respect each other then therein lies peace in living life, although not everyone can respect each other.

If the availability of bitcoins can make a person more financially independent and able to maintain the value of the currency in the long term, then take the opportunity individually to increase financial resources and if there are countries that are still not fully accepting bitcoins then people can invest anonymously as a measure of security.

The past shows that monetary monopolies are always manipulated when given the opportunity. Bitcoin is an attempt to change the current system, leading to inflation, an economic crisis, interest rate manipulation, overconsumption and waste of resources, arbitrary redistribution, and ultimately human change demographics and worsening our relationships for our benefit because we get a store of value that cannot be manipulated by anyone. Incentives are set up in a way that can create a network effect; those who do not participate will be left behind. Bitcoin supply is scarce, and those who ignore, reject, or fail to catch up on change will be in a bad position at the start of the new monetary system if it does catch up.

I do not agree with the above opinion because it is just thinking on the negative side, if you imagine the opposite, if there is no money in life, does justice and privacy exist and I know not. We can talk about their limitations, there are many easy legal problems in life, and money if we look more broadly with the organizations and government agencies, they all want to create a balance. equality in association, not manipulation for personal gain.
As with current science and technology problems, it is not natural that it is found for our use, for each different position I do not want to talk much about the rights that we have instead about your obligations in this life.

Have you ever thought that if bitcoin becomes a threat to fiat, will it continue to exist? Fiat is a tool that represents government power and what they use to control us. If you think bitcoin threatens the existence of fiat, that means it is also threatening the power of the government, and it is never a good idea to go against the government. I don't expect bitcoin to be the government's enemy; on the contrary, I hope they will realize its benefits and accept it can coexist with fiat. Both will coexist and support each other.

Currently we all live in a country that has certain regulations and it all depends on our respective countries, so the problem as you explained is actually very interesting because this is all for the freedom of people in running their daily lives, and currently we are all still tied to our respective currencies so it is difficult to make Bitcoin as a more valuable thing than the current currency, But for the future I believe Bitcoin will definitely be a serious threat to fiat currencies, because the development of Bitcoin is getting bigger.

Even if bitcoin completely replaces fiat, it won't be able to prevent class distinctions between rich and poor because the rich will always find a way to own more bitcoins like they are doing with fiat. Rich and poor are dependent on us, we should not blame anyone when we are poor, it is simply our weakness.

It is difficult to understand when people who are unemployed and become poor always blame the government, saying that the world is not fair while they have never looked back, have they tried their best or not?

According to my own views, Bitcoin cannot completely replace fiat money, so I don't believe it will ever happen. However, it can serve as a backup to fiat money.

As you know, Bitcoin does have an accumulation cap, so once you have money, you can buy any amount of Bitcoin you want. Therefore, even though Bitcoin is legal in every country in the world, that cannot stop differences between rich and poor people from existing. Therefore, in my opinion, Bitcoin has nothing to do with making rich people equal to poor people.

Although indeed the current financial system is not the best, history has shown that it is the most functional, this does not mean that financial segregation is necessary, but nevertheless, what determines the economic position of someone today is their ability and interest to grow monetarily, clearly not everyone has access to the same opportunities but this does not mean that the same should become a frequent excuse, it seems to me that the basis of the OP has an implicit communist idea, even so, I fully agree that bitcoin can help improve the current economic dynamics to be a decentralized system proposed and in this particular point seems to me that there is a good argument

Of course inequality will exist, the point would be about reducing the bias inherent in a system which was setup just after WW2 and has failed its own rules at the start of 70's.  This is nearly 50 years ago and yet we continue with that broken agreement without fixing it to resolve the issue that one country has the ability to create as much money as they feel like continually undermining the honest work of people the other side of the world.   Crypto or not, something has to be done to improve this issue.   Its not just about being unfair, it makes us all poorer to have this leaky currency going into the pockets of some mostly politics based who dont deserve that easy money.   Its a tax on the world, discouraging honest trade and endeavor.

True. It gave a chance to those who already have the $$$ to try it out and invest on it before it blows up, yet that's still not enough to change the statistics of the number of poor and impoverished people worldwide. It used to be a tool to combat wealth inequality for a moment, but since not everyone knows about it at a time when it's literally not that expensive, only a few people managed to grab the opportunity and benefit from it.

Bitcoin will never solve wealth inequality. It will only create new millionaires, but not enough to tip the scales to our favor.

Bitcoin has nothing to do with eliminating social inequality. Even after Bitcoin gets adopted worldwide, there will still be rich and poor, banks and governments will own bitcoin and be in control. So don't let this idea fool you.

Through out the history of mankind, there have always been issues and some form of social stratification composed largely of your worth and acquisition through a persons lifestyle.
If it could be that these forms the bases of the separation of people in the society into classes, having some form of stability with the income and means to earnings would help to reduce the level of suffering for most.

One thing is for sure though, there would always be some form of classification within the society and as much as this is vital for a stable society, we can’t neglect the little effect fixing a part of systems that could be controlling bring.

The bad news is, it ain’t going to happen.

Bitcoin being the only currency in the world doesn't change this. It doesn't eliminate class.
If what you're suggesting does happen and Bitcoin successfully becomes the only currency in the world, that is all it would be, a currency. The rich will still have more of it and the poor will work for it.
It would be just as it is today, everybody will still work to make money, and nothing changes.
The significant change will be the fact that you have control of your money and not the government and third-party companies, and you can send money to any country of your choice without any hiccups.

This won't fix the thing. The rich will just buy more Bitcoin than the others could buy. They will still dominate that way. The financial system is a complex issue that can not be solved by one currency or technology. It needs combined effort and solutions to social, economic, and political situations. Bitcoin does provide some advantages when it comes to financial freedom and not depending on centralized institutions for growth. But it also has some disadvantages for its market volatility. People want stability in their assets when it comes to storing them.

The problem that you stated in the OP could not be completely solved using Bitcoin. People in power will try to take that away from others. As they can not control Bitcoin, thanks to Bitcoin being decentralized. They will try to get a hold of it as much as they could so that they can control it or you could say manipulate it. So we are not truly safe from it even if it comes to Bitcoin. The people in power will always dominate the weak. That's the reality.

No. I don't mean that Bitcoin was not created to make people rich because if the two sides of rich and poor were combined, they would never meet.
The presence of Bitcoin in the midst of a very severe economic downturn offers a new solution to the financial system as we know it to increase public trust that has been lost due to the economic crisis.

Well, with Bitcoin adoption there is one fundamental change which is its limited supply which cannot be increased. What happens now is that the authorities and the government will print paper money, which unevenly distributes the money. The rich become more richer and the poor become more poorer.

Contrary to this, with bitcoin, there would be no inflation and hence the poor will not become more poorer and the governments won't be printing money (bitcoins) in order to increase their wealth. Everyone will have to work equally hard to accumulate bitcoins and there will be no injustice in the society.

Money is what creates the disparity between the rich and the poor. And the rich and the poor are considered in financial terms. The financial status of people can be divided into three groups, one is the lower class, the second is the middle class and the other is the upper class. This disparity between rich and poor people will always remain. Even if Bitcoin is fully adopted, the disparity between rich and poor will never disappear. Because if Bitcoin is fully adopted in a country then the rich people in that country will have relatively more Bitcoins because they have more money. And the poor people of that country will have very little BTC and no one will have BTC at all because if they don't have money, where will they get BTC because they have to convert their own money through BTC and there is no way to earn BTC separately. Adoption of Bitcoin may change the financial status of a country but the disparity between rich and poor will always remain.