Topic: Will bitcoin change the distribution of wealth in the world? - page 3. (Read 3506 times)
I dont know if bitcoin will change the distribution of wealth in the world. All i can say is bitcoin may help some to earn more and to lift up their economic status individually. But still it depends on the motivation and effort the bitcoin member will put into to earn more. It also depends on their strategy.
Bitcoin will make new set of millionaire and billionaire in the world and bring new employment and as well as self employed individuals good for the country economy growth
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?
Actualy in other words we can say that bitcoin become a wealth that we can inherit to our family or our sibling,and only we can do is to educate them how to use it,while in other hand,as of now i cannot heard some information that bitcoin would distribute the wealth equally compared to the current wealth distribution because its a personal matter and cannot been publicize.
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?
I think bitcoin can make rich for those who have bitcoin, and those who do not have bitcoin or even do not understand with bitcoin will not feel the benefit of bitcoin.
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 is more equally and it wouldn't be unfair. The distribution of wealth is fair because people will work for that wealth. It is good to work for it rather than not working for money. Or would the distribution be even more unfair?
and if we compare with bitcoin, I think we can get much money and we can have a better life. I can say this because I still trying to make money and so far, I see that in the cryptocurrency, I see a big chance for me to earn more money and I think we can earn unlimited money but it depends on how big our passion to keep continue our works. besides that, we need to have a skills to earn money and I am sure that skills will help us to earn more money.
The cost of planning the distribution of wealth is a very valuable cost, as you will save a lot in planning the distribution of wealth (inheritance and grants), if you do it right.
The potentials of bitcoin cannot be underestimated and who knows maybe it can give the equal distribution of wealth around the globe. Maybe this could be one of the reasons why most great nations are trying to ban cryptocurrency. Maybe they think equal wealth distribution will not be good for their economies or less powerful nations will become powerful.
Cryptocurrencies are capable of bringing change in the world. They can transform the entire distribution of wealth, and enable the two billion people who have been denied financial inclusion access to the same type of financial services that everybody else has.
The potentials of bitcoin cannot be underestimated and who knows maybe it can give the equal distribution of wealth around the globe. Maybe this could be one of the reasons why most great nations are trying to ban cryptocurrency. Maybe they think equal wealth distribution will not be good for their economies or less powerful nations will become powerful.
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 is more equally and it wouldn't be unfair. The distribution of wealth is fair because people will work for that wealth. It is good to work for it rather than not working for money. Or would the distribution be even more unfair?
There is only one way to turn a big corporation into a bankrupt is by refusing to buy it's poroducts.
There is no way for the openly distributed monetary system to fix inequality of wealth distribution.
How can you prevent already rich people from buying more coins - there is no way for us to enforce that kind of regulation.
It's true that Bitcoin at the beginning was dirt cheap, some lucky people are not extremely rich, but that doesn't help solve inequality problem.
How can you prevent already rich people from buying more coins - there is no way for us to enforce that kind of regulation.
It's true that Bitcoin at the beginning was dirt cheap, some lucky people are not extremely rich, but that doesn't help solve inequality problem.
It's hard to create a balance in the economy of the people. Wealth is not distributed fairly in the world. This is known by everyone. Changing this can be possible with blockchain method and cryptocurrency usage. We will see what's gonna happen soon.
I dont know, and bitcoin can not do it because wealth has already been distributed, only because bitcoin exists doesnt mean that it can make rich everybody, or that a lot of people can be wealth after it pumps to $100k.
And this has already been asked so many times, i am starting to get tired of those kind of threads that are only for spamming purposes.
But no, nobody knows what is going to happen, just try to predict it, it is impossible.
So, maybe bitcoin change the distribution of wealth in the world, it would be nice if it happens ... And this has already been asked so many times, i am starting to get tired of those kind of threads that are only for spamming purposes.
But no, nobody knows what is going to happen, just try to predict it, it is impossible.
There is no way for the openly distributed monetary system to fix inequality of wealth distribution.
How can you prevent already rich people from buying more coins - there is no way for us to enforce that kind of regulation.
It's true that Bitcoin at the beginning was dirt cheap, some lucky people are not extremely rich, but that doesn't help solve inequality problem.
How can you prevent already rich people from buying more coins - there is no way for us to enforce that kind of regulation.
It's true that Bitcoin at the beginning was dirt cheap, some lucky people are not extremely rich, but that doesn't help solve inequality problem.
It will change it. It'll widen the gap further and further between the rich and poor. Rich people already have experience trading and investing, and on top of that having a ton of money to invest gives you a huge advantage. You can manipulate prices, and those people can and are willing to do so in order to increase their profits. Meanwhile, poor people wont likely even know about bitcoin or the cryptocurrency world until a year or more from now, and even if they did they only have small amounts to try to invest with. Weak hands fail far more often. Bitcoin will likely make all of this worse in the long run.
Actually, I think, if we would have an opportunity to look on the statistics, we would see, that people who get really wealthy from bitcoin only are not so many
I think that bitcoin will not radically affect the distribution of wealth in the world. As always, the rich will become even richer. Big money generates a lot of money.
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?
Cryptocurrency is one of the reason why there are a lot of people today in the world who are very wealthy its all because of those people who invest a huge amount while bitcoins price is still cheap.
Well I guess bitcoin does not intentionally mean that to change the distribution of wealth in this world,but instaed to help someone who want to earn something of their living and make businessman grow in their business and just because many are now joining and using bitcoin and make other people become rich that is why it means something like that.
There is no way it will make some changes, because it is just 1 % of popuation that keeps all the money.
Equal distribution of wealth is different from fair or just distribution of wealth. If you will sum up the precise amount of bitcoin in the world, perhaps it may not generally make a wide impact in the actual distribution of wealth in the whole world, although, because of the remarkable changes that bitcoin has done to many of its users, it eventually created a hype that makes bitcoin so popular. That popularity may unleash the full potential of bitcoin which may lead to an unpredictable result in the future towards wealth distribution.
I'm probably a socialist deep down, if I were to try and objectively rate my own leanings when it comes to social and economic issues, but even I don't think it's right to talk about equal distribution or fair distribution - yes I know, that's throwing in yet another aspect to this... equal, fair, right. All concepts that sound deceptively similar but none could be farther from the other.
Bitcoin itself may not have truly done anything to level the playing field in wealth. Just take a look online at "crypto millionaires" or "billionaires" and you see that it's really the upper middle class who've been elevated into the economic stratosphere. If anything, this has simply resulted in a widening gap in an already disparate world of "class". But it will, I hope, still find a way to bring the low-income and unbanked into opportunities to access their own financial freedoms.
This forum is quite an example of this already happening. Yes, the ugly side of it is all the spammers and cheaters on bounty programs, but take a look at the earners, bringing in income through bitcoin that they otherwise would never have been able to do outside this space. I'd like to think I'm part of that too.
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