Will bitcoin change the distribution of wealth in the world? - page 11.

andrei214

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Quote from: HappyNonce on October 13, 2017, 03:48:44 PM

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.

Sir Cross

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It may not. There will be new rich gentleman because of bitcoin but the distribution of wealth has something to do with the system and society. Unless this changes, the poor will just continue to become poor or even poorer while the rich will just continue to become rich or even richer. With this kind of society and classes that we have, it makes it hard for the people to level up to a higher class, even with the presence of bitcoin. The wealthy will always have power and privilege, and even with bitcoin they have an upperhand because they have the capital to invest on it.

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Bitcoin will not ease the distribution of wealth because those with more money can huy more bitcoin and make more profits.

Those with a lot of bitcoin can potentially infleuence the market to suit themselves.

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Quote from: batang_bitcoin on October 13, 2017, 04:44:29 PM

Quote from: HappyNonce on October 13, 2017, 03:48:44 PM

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?

It relies to the decision of the people who are involve with the distribution of wealth. It can be unfair for some that will get a small portion of that "wealth" we are talking about and it's a big advantage for those people that will get a bigger portion since the price of bitcoin is not stable and keeps on moving from time to time. So the fairness is still depending on the people who are in that distribution as I mentioned.

Good point. I also think that the wealthy, unfortunately, has more capacity through capital to be used to invest in this market of cryptocurrency, especially now that it keeps on soaring in terms of value. I can say that the distribution won't be that much affected, but what will be are the people that have more assets because bitcoin actually makes the gap closer between small and big players in the market.

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Quote from: Ronaldcoin2017 on December 01, 2017, 06:21:09 PM

Quote from: Paecga129 on December 01, 2017, 04:47:41 PM

Will Bitcoin change the distribution of wealth of the world? This is obvious! Bitcoin is already making so many people multi millionaires, just like winning the lottery, without doing any work.

It will only continue further as BTC become more famous worldwide and the price goes up and up every year. Eventually it will be worth over $1,000,000 (one million dollars) most certainly!

Well i think bitcoin has really nothing to do or maybe it doesnt effect the distribution of wealth in the whole new world because everything goes here in cryptocurrencyreally depend on the community on how they welcome bitcoin as thier exyra source of income.I think bitcoin is hust an instrulment that needs to be addresed on evrybody.So thrn if no one or maybe only few believe in bitcoin it doesnt really have the exact power to become an instrument of distributing of wealth in the whole new modern world.

There are no records of people whose gaining alot in bitcoin and whose holding alot of crypto, it's anonymous the distribution is not applicable for beibg decentralized and confidential.

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Quote from: Paecga129 on December 01, 2017, 04:47:41 PM

Will Bitcoin change the distribution of wealth of the world? This is obvious! Bitcoin is already making so many people multi millionaires, just like winning the lottery, without doing any work.

It will only continue further as BTC become more famous worldwide and the price goes up and up every year. Eventually it will be worth over $1,000,000 (one million dollars) most certainly!

Well i think bitcoin has really nothing to do or maybe it doesnt effect the distribution of wealth in the whole new world because everything goes here in cryptocurrencyreally depend on the community on how they welcome bitcoin as thier exyra source of income.I think bitcoin is hust an instrulment that needs to be addresed on evrybody.So thrn if no one or maybe only few believe in bitcoin it doesnt really have the exact power to become an instrument of distributing of wealth in the whole new modern world.

Paecga129

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Will Bitcoin change the distribution of wealth of the world? This is obvious! Bitcoin is already making so many people multi millionaires, just like winning the lottery, without doing any work.

It will only continue further as BTC become more famous worldwide and the price goes up and up every year. Eventually it will be worth over $1,000,000 (one million dollars) most certainly!

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Quote from: HappyNonce on October 13, 2017, 03:48:44 PM

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?

For me,it depends upon the situation where in ,people who have enough profit can gain more than the average people but good thing here is the average people will be given a chance to increase his/her level in the society and same as with other people who would like to start bitcoin.

betMaster

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I believe the answer is yes, bitcoin will be the reason of changing the distribution of wealth in the world in the future. Bitcoin will change the world map economically and many will benifit of that. People who invested at the beginning of the rise of bitcoin who have a big number of bitcoins will be the very first people to change their lives if they did not already.
It's also the main fiels of investments currently since many business men and rich people want to expend their fortunes by investing in bitcoin.

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Quote from: hajimasan on November 03, 2017, 06:17:50 AM

Quote from: HappyNonce on October 13, 2017, 03:48:44 PM

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?

I think with the help of the bitcoin the distribution of the wealth across the world and across the people will be fairly .
Because with the bitcoin people have the opportunities to handle the money at perfect timing and at perfect place easily .
Here I myself seeing that many people are Rich and many of them are poor but with the help of the bitcoin rich are rich and poor are becoming rich , so here we can understand well that how the market is working well here in the current time .
Here I myself feeling that distribution of the money with the bitcoin from one part of the country to another is much easier , so we can spread own service and business to make easily distribution of money and better payment system .

Yup that’s the plus point of bitcoin that it is neutral for all regions and more of it btc will help each region to generate its mass as per investor and as which country as most user it will give to that country because using is the main thing and the way bitcoin has blessed its investor if countries will start using it then it will start blessing who region equally and there will be no economy crisis anywhere, btc will be true savior.

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Quote from: HappyNonce on October 13, 2017, 03:48:44 PM

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?

I definetly agree this kind of statement that bitcoin change the distribution of wealth in other form,because mostly rich people inhibit there asset to there family in the form of money or banks accounts,but in this new era mostly rich people have there wealth in the form of bitcoin,that cannot easy to distribute to the beneficiaries.a person have a asset of bitcoin can change the wealth distribution in the world because ,he can do what ever he can do into his life,by spending all of his treasure or give it all to his siblings,when the time he dont need it.

Sir Paijoe

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It seems that the bitcoin distribution is still unclear, like an anonymous bitcoin, there is no specific data stating that a person is a bitcoin owner. although bitcoin prices are very expensive, it would be difficult to get accurate data, because they are like a stealth.

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Quote from: hessanseen on October 14, 2017, 01:30:20 AM

Bitcoin, of course, is more transparent and fairer. 90% of the wealth of the entity is basically in the hands of 1% wealthy people, and basically monopoly of the industry. Bitcoin is definitely not.

Every country has a problem regarding there wealth. They need to have a certain enough income to provide there lifestyles just like there wealth. I believed that bitcoin can changed the wealth of each and everyone of us, as long as to work harder and gaining knowledge about bitcoin. Bitcoin helps the needs of the society since it is a high value crypto currency as of this time. Soon, bitcoin may be implemented throughout in the legalized country and may lead a better future having a good profit, health and a good wealth as well.

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Quote from: justspare on November 13, 2017, 07:52:39 AM

Quote from: fasdorcas on November 08, 2017, 02:33:25 AM

Quote from: Thanasis on November 04, 2017, 10:16:43 AM

Quote from: Vaskiy on November 04, 2017, 09:58:39 AM

It won't be making a big change upon the distribution of wealth. In terms of growth it provides path and support to make lot people to be rich. Distribution of wealth is possible only if a single currency system gets implemented around the globe with universal acceptance.

The bitcoin don't make any change in the distribution in a big term but it may be influence in some people's life who invested very early in the bitcoin and keep hold until they will make a huge profit by doing like this.So we have to invest on bitcoin as soon as possible to make the change in our life too.

I also think the same way. As Bitcoin is one of the digital currencies that are now very common among the people in today's world for the sake of money exchanges, funds for businesses and various other purposes, therefore Bitcoins alone cannot decide the distribution of wealth in the world. There are many other digital currencies being used widely for the same reasons.

Yes all it can change is the life of a person and his way of earning at individual levels. But if more and more of the people would contribute to the use of this digital currency then obviously the whole picture would entirely get changed according to the usage of cryptocurrency.

Bitcoin is not able to change the distribution of the wealth in the world because still there are a lot of countries that do not support the use of digital currencies either due to the lack of resources and technological advancements. Physical money is a common payment method for the people there and all the better we know is that Btcs have brought a considerable change in the financial status of all those who have been investing into this currency since a long time ago.

That is not the reason, even if bitcoin was adopted globally nothing will change, at most the people at the top will change but that will be it, there is always going to be people that are richer than others that is just the way the world works, some people do not like it but there is nothing we can do change it, there are always going to be rich and poor people, what we need to do is to find a way that those that are poor have a way of life that is not as painful as the one they are living.

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Quote from: fasdorcas on November 08, 2017, 02:33:25 AM

Quote from: Thanasis on November 04, 2017, 10:16:43 AM

Quote from: Vaskiy on November 04, 2017, 09:58:39 AM

It won't be making a big change upon the distribution of wealth. In terms of growth it provides path and support to make lot people to be rich. Distribution of wealth is possible only if a single currency system gets implemented around the globe with universal acceptance.

The bitcoin don't make any change in the distribution in a big term but it may be influence in some people's life who invested very early in the bitcoin and keep hold until they will make a huge profit by doing like this.So we have to invest on bitcoin as soon as possible to make the change in our life too.

I also think the same way. As Bitcoin is one of the digital currencies that are now very common among the people in today's world for the sake of money exchanges, funds for businesses and various other purposes, therefore Bitcoins alone cannot decide the distribution of wealth in the world. There are many other digital currencies being used widely for the same reasons.

Yes all it can change is the life of a person and his way of earning at individual levels. But if more and more of the people would contribute to the use of this digital currency then obviously the whole picture would entirely get changed according to the usage of cryptocurrency.

Bitcoin is not able to change the distribution of the wealth in the world because still there are a lot of countries that do not support the use of digital currencies either due to the lack of resources and technological advancements. Physical money is a common payment method for the people there and all the better we know is that Btcs have brought a considerable change in the financial status of all those who have been investing into this currency since a long time ago.

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Quote from: HappyNonce on October 13, 2017, 03:48:44 PM

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?

There is nothing like distribution when it comes to money. You get what you earn. You cant rely on anyone to give you a decent share out of the total wealth in the world. Same is going to be with bitcoins. Its going to be unfair too. Who knows if it even increases income disparity. The ones who come to this world at last will be the ones who would suffer.

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Quote from: HappyNonce on October 13, 2017, 03:48:44 PM

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?

It won't actually change the distribution of wealth in the world because the damage has been done already thousands of years ago. It will only give chances and grab good and fair opportunity to those who have nothing before I mean those who had suffered unfair domination of powerful and greed entities. The world has been controlled by greedy individuals and institution so I think with blockchain technology we can fight against these demons. We can have financial freedom if we are into this technology. Yes the sad reality is it is still unfair because it's been a long time since these entities are ruling the whole world and until these days they are trying to prohibit or they don't want the people to have and use it and they also want to destroy these technologies to discourage people but yeah they can't stop it because Bitcoin is unstoppable.

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In my opinion, bitcoin has a good future, because many people use it.

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Quote from: fasdorcas on November 08, 2017, 02:33:25 AM

Quote from: Thanasis on November 04, 2017, 10:16:43 AM

Quote from: Vaskiy on November 04, 2017, 09:58:39 AM

It won't be making a big change upon the distribution of wealth. In terms of growth it provides path and support to make lot people to be rich. Distribution of wealth is possible only if a single currency system gets implemented around the globe with universal acceptance.

The bitcoin don't make any change in the distribution in a big term but it may be influence in some people's life who invested very early in the bitcoin and keep hold until they will make a huge profit by doing like this.So we have to invest on bitcoin as soon as possible to make the change in our life too.

I also think the same way. As Bitcoin is one of the digital currencies that are now very common among the people in today's world for the sake of money exchanges, funds for businesses and various other purposes, therefore Bitcoins alone cannot decide the distribution of wealth in the world. There are many other digital currencies being used widely for the same reasons.

Yes all it can change is the life of a person and his way of earning at individual levels. But if more and more of the people would contribute to the use of this digital currency then obviously the whole picture would entirely get changed according to the usage of cryptocurrency.

Wealth distribution is totally an impossible fact, because our system never supports as well accepts it. Because with wealth distribution the one who worked for one hour and the one who worked for ten hours get the same pay. It will represent inequality and chaos might get initiated. Bitcoin too the same, for the work users gets paid, everyone can't be given equal wealth. Everyone can be educated equally.

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Quote from: Lupin297 on November 04, 2017, 08:35:42 AM

No, it won't. Smart people who know the game will make a lot of money with crypto. Average people, most of the guys in crypto now, no offense to anybody, won't make much as they make a lot of mistakes. And finally, institutions that would enter bitcoin would eventually make the most (that is if we do not count the OGs that have 10k btc in wallets since 2009).

For sure It is true because as much as the time passing the bitcoin is increasing in the price I hope this will buy the bitcoin and a lot of the people will invest in the bitcoin at the same time, now almost all the people are rich and they are having the best increase in the social media resources to get the best output from the bitcoin I hope the coming year will be the best year for the crypto currency.

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