Topic: Will bitcoin change the distribution of wealth in the world? - page 16. (Read 3527 times)
Probably yes, its like a rural place turn into urban. Those who invest in the place gets their price at the time where the community become urbanized. The same goes for bitcoin, those who collecting it now would make profits in future.
Definitely,bitcoin would help the distribution of wealth equally in the world to atleast some extent.Now,in today's traditional system,only rich people get more and more rich.Poor get more poor.Rich people enjoy all the benefits of economy while most of the poor don't even get access to that.But,bitcoin has totally changed this situation.It gives equal opportunities to all people belonging to both developed and under developed countries.
Only thing that people in the under developed countries should have is a device and an internet connection to get access to bitcoins.Most of unemployed youth belonging to poor communities have got new earning opportunities in bitcoin like mining,trading,participating in signature campaigns,etc.
Only thing that people in the under developed countries should have is a device and an internet connection to get access to bitcoins.Most of unemployed youth belonging to poor communities have got new earning opportunities in bitcoin like mining,trading,participating in signature campaigns,etc.
Well bitcoin and crypto is a making the money to circulate outside the control of countries and banks, a lot people had changed their life already due to crypto world.. what is happening is the money being avaible to all people, signatures is an example of those for sure not all people belong to the same country, and all of them are being able to get an income. Bitcoin services and products does affect directly the lifes of a lot people, several of them are being able to survive or earn more into crypto as faucets and captcha work then their real salaries.
I believe Bitcoin will redistribute wealth in the world, I think with the help of Bitcoin a lot of people are making money and that money is going to be used for their own life. Since the Bitcoin is not for a specific people so anybody can join with this system and earn money from here and make wealth for the future purpose.
It would be impossible to equally distribute the wealth of the wotld, in fact bitcoin will lead to make rich even richer and poor even poorer. Most of the people who got into bitcoin are those who are in the middle class and upper class of society. And seeing how bitcoin grows from the past years, we can expect that those early investors are now richer than before, on the other hand, those who are poor can now never afford obtaining bitcoin. Thus, instead of distributing the wealtg equally, it cause the majority of the poor to become left behind. But on the brighter side, it is good that bitcion is brcoming a ctalyst to make a better living.
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?
Only a small portion of it, for the same reason bitcoin is an investments and not an airdrop that can be given to anyone who wants it but only to those who invested to it. That obviously needs money and wealth distribution is still dominated by those who were wealthy since bitcoin begun.
If ever this would change, I will not assume it will but hoping this would change and equality be the goal of this community.
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?
There is no way that wealth will be equally distributed.
Equality is what some social crusaders like Karl Marx envisaged but I don't think that is possible even with the emergence of bitcoin. The reason for my assumption is this, bitcoin came sometime around 9 years ago, some people new about it and embraced it while others new and didn't embrace it (meaning those people who embraced it would have been richer than those who didn't at that point in time ).
The above is the first scenario. Also, among those who embraced it, some would have lost hope, feelings, aspirations to be rich with bitcoin then either because of one reason or the other(which could be because of slow growth then) and hence, lost there bitcoins, given it out etc.
In the present however, what happened in the past where people didn't believe in it or didn't want to take up the advantage, don't have means to or are waiting for a lower price
is still around us currently. Therefore, bitcoin is just going to create new rich people .
I agree with this. What you have described dear sir is exactly the situation that the bitcoin community is now. It has definitely created new rich people especially since there are early adopters. As nice as equality and equal distribution of wealth sounds, it's not possible with our kind of society. There are classes of people and unless this is eradicated - distribution will not be equal.
Rather, bitcoin has alleviated and given opportunities to those who have less and are now reaping riches from early adoption. It does not distribute wealth more equally across people despite it's availability of use to anyone despite their class or status.
i think from now, we can see many rich people because of bitcoin but I think some of them doesn't show their wealth to public and better to hiding it for ourselves. if we have only 10 bitcoin, we can be the richest person in our city and I think bitcoin is change the distribution of wealth in the world.
every people deserve to be rich but its only depend with that person, he wants to work hard and work smart than the other people or not. because every people has their own opportunity and if he can be rich then he is the lucky person.
every people deserve to be rich but its only depend with that person, he wants to work hard and work smart than the other people or not. because every people has their own opportunity and if he can be rich then he is the lucky person.
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?
Wealth doesn't only come from bitcoin and many wealthy people aren't even dealing with this yet. I don't there's going to be much difference in that scale. Though there pf course will be people who will benefit from bitcoin but there's not going to be much difference with wealth distribution in general terms
Absolutely yes, if you look at all the early people who bought Bitcoins, most of them are probably millionaires by now. None of the big companies and players would've given heed to Bitcoin in its early stages and as a result of its current day value, it is pretty much evident that wealth distribution has been made optimum with the relatively middle class, early investors getting lots of profit.
I think it could change the regional wealth distribution. @The Pharmacist has already mentioned signature campaign participants from poorer countries.
As the first really global currency it has much more potential than this. It could make it much easier to invest in poorer countries, because it enables true international crowdfunding for everybody in the world, regardless of the region they're living in. Even a shepherd from rural Ethiopia could get investment from everywhere if he has a good idea and a cheap smartphone.
But until now that hasn't happened. I've started a thread about African Bitcoin businesses to raise attention, but it got no answers. It's too early still.
As the first really global currency it has much more potential than this. It could make it much easier to invest in poorer countries, because it enables true international crowdfunding for everybody in the world, regardless of the region they're living in. Even a shepherd from rural Ethiopia could get investment from everywhere if he has a good idea and a cheap smartphone.
But until now that hasn't happened. I've started a thread about African Bitcoin businesses to raise attention, but it got no answers. It's too early still.
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?
There's no reason to expect bitcoin to be a magic bullet here that's going to end income equality or more equally distribute wealth. Does any currency have this ability innately? Currency is just a representation of wealth. Changing the medium wealth is denominated in isn't going to make anyone more equal. If you were poor in USD, you're still going to be poor in btc.
The question is is wealth distribution in the world on equal grand for every body the answer is no, bitcoin can not lead to equal distribution of wealth this is so simply because wealth distribution is already a done deal. Because you need wealth to built more wealth take for example even if bitcoin become $100'000 today is it every body that can afford to have one bitcoin today the answer is no. Does or can the poorest of the poor know and can afford to use bitcoin the answer is still no.
So bitcoin does give equal distribution of wealth in the world.
So bitcoin does give equal distribution of wealth in the world.
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?
Of course due to the fact that we as a hard-working workers are able to become successful since our profit will be namen after ours and no such thing will stop us from being successful the wealth may be distributed into forum users who continuously find a way to get profit here.
If Bitcoin becomes really successful, that's what is waiting for us. Since it is a borderless payment system, Bitcoin can receive investments from all over the world, and if at least 10% of the world's wealth goes into Bitcoin, the small guy that is an early adopter can be highly benefited.
Yes it will change a bit the distribution of wealth in the world, because it is helping to give wealth to new people starting with zero almost, there is so many old holders become already rich only because holding btc for few years
I think bitcoin is more helpful that such people who do not have any day job. In fact bitcoin trading is the only why through which one can start instant income as compare to day trading where you need to spend a lot of time for starting a solid business. 
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 will be equally divided specially if the bitcoin is declared legal in all countries because the government will create a law or policy of keeping a bitcoin as a wealth will be monitored and will be controlled to ensure the balance of distrubution that might affect the countries economy and might put the government with its people at risk.
The way I see it, the spammers and account farmers from Africa, Philippines, Indonesia, and some other relatively poor countries, they're earning quite a bit of change on bitcointalk. That's a little bit of wealth redistribution right there that otherwise would not have happened if either btc or this forum didn't exist. And that's all fine and dandy, but I wish these people weren't destroying a good forum in the process.
Any other ways, I'm not sure about. Everything I can think of has to do with means of earning bitcoin right here on bct.
Any other ways, I'm not sure about. Everything I can think of has to do with means of earning bitcoin right here on bct.
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 cannot and will not bring about equitable distribution of wealth among the people in the society this is because, wealth is earned based on the amount of your contribution to get the wealth. Take for example, all of us here in this forum cannot be earning the same amount of Bitcoin or money at the same time because our level varies, so also is Bitcoin and faith currency. I think the distribution of wealth among the people in the society will continue to remain unequal so long the contribution of individual to get the wealth differ over time. Or would the distribution be even more unfair?
Yes it will change a bit the distribution of wealth in the world, because it is helping to give wealth to new people starting with zero almost, there is so many old holders become already rich only because holding btc for few years
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