Will bitcoin change the distribution of wealth in the world? - page 12.

dmitriisavelevich

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Quote from: HappyNonce on October 13, 2017, 04:48:44 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?

Rather, the second, it was already unfair, and now even more so. Who has a lot of bitcoins will try to sell them at a great price, to those who just start, and so on. Therefore, there is never any equality in finance, in connection with the desire to cash in on others for the sake of its own good.

fasdorcas

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Quote from: Thanasis on November 04, 2017, 11:16:43 AM

Quote from: Vaskiy on November 04, 2017, 10:58:39 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.

sudeepsinha

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Quote from: roseybanez on November 07, 2017, 12:18:16 AM

Yes , Bitcoin will affect hardly to the distribution of wealth in the world if Bitcoin was given more and more power than now. It could replace any kind of currency and become the main currency in this world which any country in this Earth can use it like the role of USD for now.

I don't agree with you, how the hell Bitcoin can change the distribution of wealth in this world when there are many big banks on the world can stop Bitcoin and the spreading of Bitcoin for anytime?

roseybanez

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Yes , Bitcoin will affect hardly to the distribution of wealth in the world if Bitcoin was given more and more power than now. It could replace any kind of currency and become the main currency in this world which any country in this Earth can use it like the role of USD for now.

hartonosusilo

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Quote from: Sadlife on November 04, 2017, 05:50:51 PM

This is a problem with people cause they think that bitcoin is a magical currency that can make them insanely rich in no time. Will the answer is yes and no cause it all depends on you if you have lots of cash to invest in bitcoin then the price value becomes bullish that could double or triple your investment or you work hard on earning. Bitcoin is just a currency it's entirely up to you, how you gain wealth.

So as your explain, USD or Euro are the same as Bitcoin, they were just currencies but they're making the owner gainning wealth. So how can it not with Bitcoin, when Bitcoin was a product which is created by the hi-tech in this Earth?

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Bitcoin become alternate currency that can people have for transaction. It's become opportunity for people to earn money with different way.

If investor dare for investing bitcoin so it will affect on their wealth and global economy in positive way but mostly bitcoin distribution wealth only able to concentrate group rather than fair distribution

darthmaul

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Why does it depend on the bitcoin by any means? I mean its not the bitcoin that will decide how to distribute the wealth. Its all upto us, the investors who are making money out of it. The whales (so called) big investors will always get the biggest share of bitcoin because they have invested that much money while on the other hand mid level investors will get mid level returns and so on. That is how wealth will get distribute. Its like tits for tats. You get what you invested and no more or less if its fair. SO no it won’t get equally distributed, with whatever I understood form your question this is the right explanation for this one

The_Dark_Knight

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Quote from: jmarkrodriguez on October 21, 2017, 10:24:17 AM

We want better education, better healthcare, better everything and yet our very money does not allow for these things. Our money, enforced by our governments, is what holds us back more than anything. Real economics is not allowed to take place in our current world. But Bitcoin is changing that. And if governments are unable to stop Bitcoin, which it will be very difficult to do, then we are in for a life changing world in the near future. Just as how the Internet removed the lies of religion and government, so too will Bitcoin remove the chains of government.

While bitcoin is not going to allow for a redistribution of wealth at the same time it is going to allow us to become part of a better economic system, the current economic system is based on debt and to make people work for money that gets less and less valuable, bitcoin will allow for people to work for a currency that gets more and more valuable this will make people more frugal and we will not have millions of useless products we do not need.

Dodoymabs

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Quote from: hajimasan on November 03, 2017, 07:17:50 AM

Quote from: HappyNonce on October 13, 2017, 04:48:44 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 .

Still its in ourselves decision how to become rich.Don't think of other people status.Bitcoin is a tool for us to have a chance in getting rich.Focus on yourself and workhard because it is the key to be successful.

julzcoinbit

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Quote from: mega on November 04, 2017, 06:18:01 PM

The Distribution of wealth in the world is still unfairer,many countries are surviving in low poverty level and away from basic needs to meet the utility.Even many states and countries per ca-pita income going in negative.Bitcoin is the hope which will equally measurement and distribution of wealth.First of all government should take initiative to create monopoly of Bitcoin and control the economy by bitcoin then as per rules distribute that common people can take advantage.

I agree, since not all people has access to technology. But I agree that bitcoin is a good way wealth distribution around the world, This is really a good opportunity to all of us especially to countries who really needs it. There's a possible that bitcoin delivers the biggest re-allocation of capital ever seen in the history of mankind.

cybersofts

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Quote from: player514 on October 13, 2017, 05:51:13 PM

Quote from: batang_bitcoin on October 13, 2017, 05:44:29 PM

Quote from: HappyNonce on October 13, 2017, 04:48:44 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.

It's good to keep in mind here that you need to have money to get money. For the poor who have not gotten into bitcoin yet, it's probably not profitable now. They won't be able to buy enough Bitcoin to make large profits off of the price spikes. I actually think the distribution would end up being a bit more skewed because those who have a lot of money have enough to put into bitcoin and make a profit off of it.

Bitcoin does present an opportunity for everyone. The only thing standing between people and changing their lives is a choice. So many people are skeptical about bitcoin, but when they read it on the paper bitcoin set the new all-time high record in price, then they keep asking how good is bitcoin. I think bitcoin has huge potential to play the role of distributing wealth to the masses around the globe. But for that to happen so many people must invest in bitcoin for that to happen over time.

mega

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The Distribution of wealth in the world is still unfairer,many countries are surviving in low poverty level and away from basic needs to meet the utility.Even many states and countries per ca-pita income going in negative.Bitcoin is the hope which will equally measurement and distribution of wealth.First of all government should take initiative to create monopoly of Bitcoin and control the economy by bitcoin then as per rules distribute that common people can take advantage.

Sadlife

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This is a problem with people cause they think that bitcoin is a magical currency that can make them insanely rich in no time. Will the answer is yes and no cause it all depends on you if you have lots of cash to invest in bitcoin then the price value becomes bullish that could double or triple your investment or you work hard on earning. Bitcoin is just a currency it's entirely up to you, how you gain wealth.

krisnt80

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It wont affect into such levels, sure bitcoin and crypto is a game where those wich has invested early might have better results, but the thing is 100k people with 0,001 btc wont affect really the wealth at all. But we must remember with crypto money into circulation does changed hands all days, soo i wouldnt be surprised if some people had made fortunes with tiny investment, but it wont affect the country at all.

MoonJeina

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I really don't think that bitcoin can change the distribution of wealth in the world . This target cannot be achieved until an unless the poor and the unprivileged people gets to know about bitcoin and start using it . Even if the government use bitcoin to improve the wealth of the people , it will only be able to help a bit because it will also impose some regulations on it . Enlightening the people about bitcoin is the only way wealth distribution can be improved .

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Quote from: Vaskiy on November 04, 2017, 10:58:39 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.

Vaskiy

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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.

000JC88

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I don't think BTC will do this, but ICOs yes. I strongly believe that ICOs are the future of economy.

yoseph

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Quote from: HappyNonce on October 13, 2017, 04:48:44 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?

In my opinion, it's rather going to be unfair because in bitcoins, the more you invest the more you stand to earn and am sure that the rich are always going to be the ones enjoying the wealth, though bitcoins can make poor people rich, it's the rich who are going to get even richer.

Lupin297

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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).

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