Topic: Will bitcoin change the distribution of wealth in the world? - page 10. (Read 3527 times)
February 16, 2018, 07:36:15 AM
I think after bitcoin reach $19k, there will be many newly rich people and I think this will change the distribution of wealth in the world because there are many people from over the world that have many bitcoin. and when the price increase higher, they only sell their bitcoin in a small amount and they can have a lot of money. they don't have to use all of their bitcoin because they are waiting for another higher price in the future.
February 16, 2018, 06:43:47 AM
Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?
Or would the distribution be even more unfair?
Or would the distribution be even more unfair?
Well, if the trend that I see happening now can still be sustained for the next 5years, I see Cryptocurrency helping in the distribution of wealth Globally! Seeing people earning from different projects all over the world is quite a massive thing. And like I said all things being equal and time constant, wealth can be somewhat distributed.
February 16, 2018, 06:24:10 AM
That depends on the investors. I agree that for wealthy people they can make more wealth on Bitcoin. But for the poor to change their life is to start earning Bitcoin now.
It is not like that the bitcoin is the only way to change their lives because they need to become aware that they should do something and find opportunities in life because if they can't afford to access or to have the must have items to be connected with bitcoin then they should just find other ways because there is a lot of opportunities out there to grab and not only bitcoin. #Realtalk. February 16, 2018, 03:51:12 AM
That depends on the investors. I agree that for wealthy people they can make more wealth on Bitcoin. But for the poor to change their life is to start earning Bitcoin now.
February 16, 2018, 03:14:22 AM
Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?
Or would the distribution be even more unfair?
Or would the distribution be even more unfair?
Yes, I think so as well. In the wealth of the world, the only count lies on cash which is the Fiat system. Now, when online currency or as we know the cryptocurrencies become part of the count, there would definitely be a big change. We'll be surprised on how poor countries could become stable by then.
Let's see it this way, a rich man who has been waiting for the value of bitcoin to drop and understands that this is the future, ended up stashing a lot at around $6000, tell me how the poor even want to have the chance to even buy just a bitcoin. That should give you the picture.
February 15, 2018, 03:51:28 AM
I think BTC will only aggravate the gap between rich and poor!
Rich people have been investing in BTC early and have already acquired wealth!
Some poor people do not even know BTC, and dare not invest in these virtual digital currency!
Rich people have been investing in BTC early and have already acquired wealth!
Some poor people do not even know BTC, and dare not invest in these virtual digital currency!
February 15, 2018, 03:43:34 AM
I really don't know if bitcoin can change the distribution of wealth in the world. I have some friends here the become rich because of bitcoin.
In reality the way that wealth distribution works, is some people will get insanely rich, but the vast majority of people will end up just getting rich and selling their coins to people who are extremely wealthy now. February 15, 2018, 03:27:43 AM
Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?
Or would the distribution be even more unfair?
Or would the distribution be even more unfair?
So far as of now the bitcoin distribution is base on whom do investment not by partition. This is not sounds unfair but rather lucky having a huge amount of money nor large amount of bitcoin. The distribution of wealth is not the responsibility of bitcoin admins. World wealth and bitcoin doesn't have any relation to mingle in the center of market attraction. Btc stands by own, while world wealth is founded in different places and own by some big names of people in the wealth industry. The unfair and fair is always the issue of all that bitcoin would not resolve.
February 15, 2018, 03:19:39 AM
Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?
Or would the distribution be even more unfair?
Or would the distribution be even more unfair?
Yes, I think so as well. In the wealth of the world, the only count lies on cash which is the Fiat system. Now, when online currency or as we know the cryptocurrencies become part of the count, there would definitely be a big change. We'll be surprised on how poor countries could become stable by then.
Now, how many of them have access to the Internet to even have an understanding of what is going on and how they can take part in the whole system? The thing is that some will still be limited and there will be nothing like re-distribution of wealth, some who were already rich and ended up adopting it earlier will be richer, some will get rich and some will remain poor, this is how life has been fashioned and there is nothing that can be done about it as it all depends on how early some are able to make use of opportunity to their advantage.
February 15, 2018, 02:59:11 AM
I really don't know if bitcoin can change the distribution of wealth in the world. I have some friends here the become rich because of bitcoin.
February 15, 2018, 02:49:43 AM
i will say yes because so many people are having strong believe in bitcoin because because it has increase and improve their source of income. where as in has enter the economy through buying of saling of goods and services
Agree with you because best thing about bitcoin is that it is equally good for all of us no one is bound for the bitcoin, there is no age restriction about bitcoin investment even kids are investing now and using bitcoin signature campaign so why should be bound ourselves, now almost all people are buying bitcoin and getting in crypto currency because it is good for their future and will increase the income for them no matter of which level of society they are.Same thing, it also does the opposite of what I just said, which will be– making some poor to get more, and making some rich to lose a part of their money. People who will be lucky are those that are working without investing their money, but I believe it will favor everyone, if you’re smart.
February 13, 2018, 02:44:07 PM
Hi,
I think that the answer here is quite ambivalent.
On one side, wealth has already been distributed. So people who already have a lot of money can invest more on bitcoin, take more risk (because even if they lose everything they have invested, they will still have enough for their living) and thus.. mak potentially higher profits and become even richer!
BUT, on the other hand, bitcoin has been designed as a currency that allow people to control themselves and prevent malevolent transactions. Transparency and blockchain are they key concepts here. Will that be enough? I don't know, but what I know is that currently some of the wealthiest people in the world don't really have a job. They just receive money because they are shareholders of large firms... and dividens get higher and higher even if their initial investment has long been repaid!
So maybe... bitcoin can help. A bit!
I think that the answer here is quite ambivalent.
On one side, wealth has already been distributed. So people who already have a lot of money can invest more on bitcoin, take more risk (because even if they lose everything they have invested, they will still have enough for their living) and thus.. mak potentially higher profits and become even richer!
BUT, on the other hand, bitcoin has been designed as a currency that allow people to control themselves and prevent malevolent transactions. Transparency and blockchain are they key concepts here. Will that be enough? I don't know, but what I know is that currently some of the wealthiest people in the world don't really have a job. They just receive money because they are shareholders of large firms... and dividens get higher and higher even if their initial investment has long been repaid!
So maybe... bitcoin can help. A bit!
February 13, 2018, 06:09:58 AM
Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?
Or would the distribution be even more unfair?
Or would the distribution be even more unfair?
Yes, I think so as well. In the wealth of the world, the only count lies on cash which is the Fiat system. Now, when online currency or as we know the cryptocurrencies become part of the count, there would definitely be a big change. We'll be surprised on how poor countries could become stable by then.
February 13, 2018, 06:07:56 AM
i will say yes because so many people are having strong believe in bitcoin because because it has increase and improve their source of income. where as in has enter the economy through buying of saling of goods and services
Agree with you because best thing about bitcoin is that it is equally good for all of us no one is bound for the bitcoin, there is no age restriction about bitcoin investment even kids are investing now and using bitcoin signature campaign so why should be bound ourselves, now almost all people are buying bitcoin and getting in crypto currency because it is good for their future and will increase the income for them no matter of which level of society they are.Bitcoin is indeed helping so many people who are related to it in making some very good amount of money, thus helping them in having a better living.
February 12, 2018, 10:13:06 AM
In my understanding the wealth distribution depends also in the people, how can someone earn money when he is not working for it right? If there are more workers in a certain country of course the wealth distributed in that certain nation would be great compared to a country that has less workers. So the distribution does not really depend on bitcoin itself or the other cryptocurrencies but depends on the people working hard to be wealthy.
Bitcoin may not change the distribution of wealth in the world because bitcoin is not used by the entire world population it has limited users so they will become richer, so how does that affect the wealth of the whole world, the only certain group of people can get advantage from bitcoin not all. 
February 12, 2018, 03:09:59 AM
In my understanding the wealth distribution depends also in the people, how can someone earn money when he is not working for it right? If there are more workers in a certain country of course the wealth distributed in that certain nation would be great compared to a country that has less workers. So the distribution does not really depend on bitcoin itself or the other cryptocurrencies but depends on the people working hard to be wealthy.
February 12, 2018, 01:57:47 AM
i will say yes because so many people are having strong believe in bitcoin because because it has increase and improve their source of income. where as in has enter the economy through buying of saling of goods and services
More and more people are becoming aware about the advantages of digital currency over physical form of currency. In a given community from laymen to professional degree holders, all are involved in bitcoin business now. The bonus point is that you don’t need any degree to get yourself involved in this, all you need is basic knowledge about bitcoin which is available on internet so the ,not so educated ones , are also a part of bitcoin and thus the overall economic condition is moving towards better future. 
February 08, 2018, 10:53:51 AM
i will say yes because so many people are having strong believe in bitcoin because because it has increase and improve their source of income. where as in has enter the economy through buying of saling of goods and services
Agree with you because best thing about bitcoin is that it is equally good for all of us no one is bound for the bitcoin, there is no age restriction about bitcoin investment even kids are investing now and using bitcoin signature campaign so why should be bound ourselves, now almost all people are buying bitcoin and getting in crypto currency because it is good for their future and will increase the income for them no matter of which level of society they are. February 06, 2018, 08:22:15 AM
i will say yes because so many people are having strong believe in bitcoin because because it has increase and improve their source of income. where as in has enter the economy through buying of saling of goods and services
February 06, 2018, 08:11:41 AM
Does anyone have information whether bitcoin would distribute wealth more equally across people than the current wealth distribution?
Or would the distribution be even more unfair?
Bitcoin has no responsibility, about the distribution of money or even the wealth.People gets rich on how they got wise about spending money and how they manage there savings and even investments.Or would the distribution be even more unfair?
Un even distribution of wealth are caused by monopoly of some big corporation that want control of resources or some big nation that exploit the natural resources of a
Third world nation.Block chain technology tend to provide a equal ground to all who want business with out third party P2P transaction to avoid monopoly but still thus only having enough capital will dictate the market place.
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