Topic: Will bitcoin change the distribution of wealth in the world? - page 13. (Read 3506 times)
November 04, 2017, 08:50:26 AM
In my opinion, bitcoin can not change the distribution of wealth in the world because there are still many people in the world who still believe in some assets that are the main commodity for them to invest and trade in gold and property. Maybe later bitcoin will become one of the more valuable commodities and has the highest value
November 04, 2017, 06:04:48 AM
It is a fair enough question to ask. Seeing as more than half of the world's wealth belongs to the top 1%, I cannot see how Bitcoin would be able to change that. The ones that are doing extremely well in Bitcoin today got in very early. They may have risen from no money at all to having an extremely large bank now, but even that we know from Bitcoin explorer's rich list data is extremely narrow too. The big ones entering today are the ones with a high level of wealth already, these guys will reap even more benefit and widen the gap more or close the gap that Bitcoin may create for the smaller investors who have been doing well.
November 04, 2017, 05:53:34 AM
I think Distribution of wealth is in the hands of each of you, we can see rich people because they work onlein in bitcoin, but I think some of them do not show their wealth in public, we better hide bitcoin to invest in the future in order for our goals more of what we get from bitcoin in the future, investing it clearly needs money and wealth distribution for future purposes as well.
November 03, 2017, 09:03:22 AM
Wealth distribution is in a hand of people,but limiting influance of greedy financial institutions,central banks,big corporation may equal chances and improve economic situation of people living in poor areas.But without people solidarity it cant be done
Yes the wealth is in the hand of people who passionately work hard to earn more money. So i think wealth is not distributed equally because many of us doesnt connect with bitcoin and with that they will not experienced the benefit of it. Many bitcoin users are now wealthy. 
November 03, 2017, 07:17:50 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?
I think with the help of the bitcoin the distribution of the wealth across the world and across the people will be fairly .Or would the distribution be even more unfair?
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 .
November 03, 2017, 07:00:08 AM
Presumably it will already have altered the wealth of some individuals (particularly early adopters), many of whom will have been tech savvy.
November 03, 2017, 06:53:44 AM
In my own opinion of bitcoin, one of the major grouse against it is on the basis of distorting the current order where the poor are at the mercy of the rich and with bitcoin on board, a lot of that will change with people having control of their money rather than being forced to put in the bank, put some restrictions in other to make the fund available for the rich to borrow and continue to improvise the poor while they become richer.
Exactly, a lot of it would change. You can make plans for your own freedom if you want to. No restrictions, people get paid based on their work and the government will not just keep monopolizing things the way they always have.However, this does not mean the rich will still not always have advantage and only the poor ones who had the advantage of adopting early will only end up having their status changed. That is just it and nothing can change that fact. Opportunity comes, some takes it and some are left out to take from the lower part.
Not only me, I know lots of my friends that also got into Bitcoin now they’re very rich. May looking at all these things, I’m likely to say that it changes the distribution of wealth, but I’m not 100% sure of it.
November 03, 2017, 12:42:54 AM
In my opinion it can change, but a little bit. Because if you know bitcoin you have an internet and some extra money to sustain or try bitcoin; you are in the middle level of wealth. If you are in a lower grade of wealth, you will not have an attention to try bitcoin at all, yes you heard bitcoin. But you are not willing to try it, because you want an permanent or regular job.
This is only true for people who have adopted the bitcoin early. Those who are joining now or later will not have much for them. Those who have entered the market early (at least year or two ago) are finding themselves sitting on pile of gold ( or should I say bitcoin). If These people managed to hold coins till now has resulted in shifting of their class at least one step above. Any one with 10 coins is millionaire in third world country. On the other hand the rich people who will enter now will also be able to make the fortune because current market price is affordable to them.Apart from that nothing more is going to happen. Bitcoin is a train that has gone for poor and middle class.
November 02, 2017, 10:14:59 AM
In my own opinion of bitcoin, one of the major grouse against it is on the basis of distorting the current order where the poor are at the mercy of the rich and with bitcoin on board, a lot of that will change with people having control of their money rather than being forced to put in the bank, put some restrictions in other to make the fund available for the rich to borrow and continue to improvise the poor while they become richer.
Exactly, a lot of it would change. You can make plans for your own freedom if you want to. No restrictions, people get paid based on their work and the government will not just keep monopolizing things the way they always have.However, this does not mean the rich will still not always have advantage and only the poor ones who had the advantage of adopting early will only end up having their status changed. That is just it and nothing can change that fact. Opportunity comes, some takes it and some are left out to take from the lower part.
November 02, 2017, 08:28:57 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?
First, I think wealth is not distributed but produced. if you think bitcoin can make a fortune, it's possible, but unfortunately, with bitcoin, rich people become richer, and the poor could get rich. so still, wealth can not be equated smooth in this world. this is because the mindset of people are different. some want to expand their money, some want to spend their money, etc.
November 02, 2017, 07:04:34 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?
This is true, because through bitcoin, people can contribute on projects which were designed or developed by big companies all over the world. Bitcoin users can contribute to this project and earn income through it. So, I guess even normal citizens can earn through bitcoin investment.
November 02, 2017, 07:11:10 AM
I thin it will because bitcoin allowed normal people to invest in big companies. People were able to gain profit through bitcoin. Bitcoin opened a lot of opportunities to people to change their financial status in a good way.
November 02, 2017, 07:02:23 AM
I think the distribution of wealth will still depend on what will be the basis of wealth, if we base wealth on how much oil we have, the middle east will still be considered one of the richest country, since there is still petrodollar, however if the basis will be based on how much bitcoin one has, i think there would be some differences and it would be hard to determine, since bitcoin is anonymous and for security reasons, people might not declare how much bitcoin they have. I think if we look at what is happening right now, the rich today might still be the rich in the future, since they wouldn't want to miss the oppportunity bitcoin can give them and givem the value of bitcoin as of now, those whk have a lot of money can easily buy bitcoin without hesitation. In the future there will be a lot of people who would have made a fortune because of their investment today, i think it is safe to say that japan would be one of the richest country then, since they accepted bitcoin and other cryptocurrencies wholeheartedly.
November 02, 2017, 05:51:14 AM
If we look at the positive e features of bitcoin, then there will be long list which we’ll get in result. Bitcoin is indeed a wonderful thing world has ever seen. Bitcoin is indeed very much capable of changing the distribution of wealth across the globe, in fact bitcoin is changing the distribution of wealth as there are so many poor and unemployed who are earning a very good amount of money just because of bitcoin.
Yes, there are so many unemployed right now finding something to do and then utilizing all the resources they can get their hands on to enrich themselves.Still, do not forget that the adoption of bitcoin today is still very low compared to the global population and if we are to look at the value which keeps increasing over time and the rate at which people are spending less, what do you think would happen at the long run. Distribution of wealth will still remain the same as it has always been. Some will get richer and some will still not.
November 01, 2017, 03:09:28 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?
We don't know but if we based on the current analogy in the world who uses bitcoins it change a lot of lives welath will won't distributed in equal whatever we do because our wealth is on our hands. Or would the distribution be even more unfair?
November 01, 2017, 02:53:02 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.
Bitcoin with all its paraphernalia of positivity as to why users adopt it like - removing the chains of government, decentralization etc, it can't distribute wealth equally but can only create avenue for new wealth creation which people who see the vision can become rich and others who don't or who still see it as a bubble and waiting for it to burst; thus people already invested losing their money , would keep being backwards in the distribution.
This is synonymous to what happened in the early adopters
November 01, 2017, 02:34:59 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.
Bitcoin with all its paraphernalia of positivity as to why users adopt it like - removing the chains of government, decentralization etc, it can't distribute wealth equally but can only create avenue for new wealth creation which people who see the vision can become rich and others who don't or who still see it as a bubble and waiting for it to burst; thus people already invested losing their money , would keep being backwards in the distribution.
This is synonymous to what happened in the early adopters
The world is not designed for wealth to be equally distributed. No matter how you want to do it, some will still end up remaining poor and some will remain wealthy and some even wealthier. Bitcoin is just a tool and it is left to those who want to make use of it.
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 believe that the distribution of wealth among the people is base on your contribution to get the wealth or wealthy. Bitcoin is not different from other investment opportunities in the society, and for to be wealthy through Bitcoin depends on the level of your investment in Bitcoin. I don't see Bitcoin to be a medium of redistribution of income or wealth among the people in the society but rather, the distribution of wealth among the people in the society will continue to unfair. Or would the distribution be even more unfair?
Yes that is one of the effect of Bitcoin, because Bitcoin is a measure of the total debt that exists today so there will be a massive wealth transfer in our lifetime yes.
It is the right time to get in the bitcoin my mate a lot of people are having the resource for the bitcoin price and the income will give the profit and the value will be more than this till now. As much as the people buy the bitcoin they are having the best and the right side of the bitcoin the future will give you the large amount of the money and they are going to have the fun with the bitcoin till long and long. 
Probably, unless the rich also does buy bitcoins then the balance will never be toppled. Though since a lot of the early adopters aren't really billionaires then likely the balance may be disturbed. I do believe though that someday bitcoins will be the new currency of the world, if not then likely bitcoins would be the basis of the new currency that the world will adopt.
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