"Income inequality?" Hope I am not getting lost in semantics but "income inequality" should never be the target. Equality of opportunity, economic mobility via invisible hand (not in handcuffs) etc. are good. "Income inequality" sounds like a stepping stone to redistribution/socialism/communism to me.
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Topic: What impact will Bitcoin have on income inequality? - page 3. (Read 7471 times)
Will things get better? Worse? No impact at all?
I think bitcoin will be able to reduce income inequality, at the very least it will remove some of the trade barriers between people / business in different countries.
Well it should allow 3rd world peoples the ability to sell the fruits of their labors more directly to 1st worlders. Maybe a bitcoin accepting coffee shop can order directly from the grower and pay in bitcoin.
So on a global basis, could allow the bottom rung to be more prosperous.
Nothing is a magic pill for income equality, but if it allows a goatherder to sell his traditional goatcheese to a western gourmet over the village computer or his buddies cell phone, it's a start right?
So on a global basis, could allow the bottom rung to be more prosperous.
Nothing is a magic pill for income equality, but if it allows a goatherder to sell his traditional goatcheese to a western gourmet over the village computer or his buddies cell phone, it's a start right?
Will things get better? Worse? No impact at all?
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