Will bitcoin change the distribution of wealth in the world? - page 5.

Pinoyfan

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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?

im not really sure if they would do that cause many of billionaires or the top billionaires in the world wouldnt have bitcoin or doesnt need bitcoin to succeed. i think bitcoin is not good at all on millionaires. maybe we could buy bitcoin but not all billionaires or even millionaire dont have mindset to buy bitcoin cause they are have their own ways to become rich and that what they do thats why they in their position right now. just waiting our luck to become rich also.

Uvidify

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that could be a hard thing to say. well, its possible and still impossible.. looking at it from the onset, the bitcoin and crypto investments have made many millionaires and also made many millionaires poor.. it can make or mar you! thats the bottomline. but its still impossible to predict if bitcoin can change distribution of wealth in the world!!

pallang

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Wealth is already distributed around the world there are poor people and there are wealthy ones and here comes Bitcoin that has the power to help people become millionaire by means of investing in good projects.

GreatBug

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Quote from: Uno17 on May 13, 2018, 06:22:24 AM

Yes i think so...because there is a big volume of the circulation of money in the bitcoin community, it gives a lot of opportunities to the supporters. Therefore i can say it affects the distribution of wealth because money circulates and distributed to the players and when market goes up the investments of the bitcoiners are gaining too

For me the biggest change is that people who are just small part supporters gain lot of possibilities to earn somethink from doing so, that is changing distribution by their activity in this market.

Uno17

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Yes i think so...because there is a big volume of the circulation of money in the bitcoin community, it gives a lot of opportunities to the supporters. Therefore i can say it affects the distribution of wealth because money circulates and distributed to the players and when market goes up the investments of the bitcoiners are gaining too

robynmario

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Quote

Or would the distribution be even more unfair?

In my opinion, the distribution of money in bitcoin is more fair. It is a method of circulating money in a closed and repetitive cycle without external effects or any intermediation. That means the cost to transfer from a bank or finance company will be reduced. The currency is maintained and distributed decentralized in the nature of bitcoin.

Cynooza

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Bitcoin is changing it already. Most of people who invested in it on early stages were mostly it-people and libertarians. Now most of them are miraculously rich.

broilsemla0

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May be its of some help, but generally it doesnt seem so, to me. Its a mere virtual currency

1C6fV5DtakfKANLJ8GUV7hCaA

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Crypto Marketer For Whales

I can say yes. Those holding Bitcoin would have higher chances being wealthy in different parts of the world. Say someone is in a poverty stricken area and he has Bitcoin and is working to earn more, he then is the wealthiest there.

Whoducen

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If people can afford buying btcs then it would never cause in variation, even it would create a bridge between the rich and the poor.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Quote from: JPage on May 09, 2018, 10:23:45 AM

Bitcoin is useless by itself, because it is just a tool, like a knife or a gun. It can't do anything without people, who can use it wisely.

Maybe it's right that bitcoin is basically a tool, it has no brain so it can't spend itself or solve world's problem but given the advantages of bitcoin as mentioned below:
1. Seamless funds moving without limitation across the world.
2. Relatively cheap price as for now.

I can say, it could a little or more affect the wealth distribution, but this itself still heavily affected by speculation activities, so yeah, it's semi useful supposedly.

callingbubblyH

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Distribution is wealth is never possible in this way too, because many illegal money has been seized by the whales.

5ensei

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I don't think it will help much because the majority of bitcoin is held by a very small percentage, similar to how billionaires hold most of the global wealth (personal wealth). If altcoins can move out of the influence that bitcoin has over them, then yes it can improve distribution by allowing other coins to independently appreciate in value.

emezh10

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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?

Bitcoin could help people to be more productive in the way it offers a big opportunity for people to earn and to have a way to gain profit. Bitcoin is not just a currency, for many it is a form of investment that could be used in trading that offers a wide range of choice in the market for you to trade in. Yet, the possibility for people to be wealthy only relies on their will and capability to do their part for them to earn.

Bershie

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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?

Bitcoin is only a decentralize medium of exchange it does not distribute wealth, only understanding and investing in it only you can gain wealth but it all depends on how you gonna work it. Peer-to-Peer system contributed to the society in terms of exchange coz it does not involved 3rd party commission on every trade, ergo it disrupts the wealth distribution among people who involved in the cryptoworld.

socksserver3

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In my opinion, bitcoin will change the distribution of wealth in the world because it is obvious. There will be those who have a lot when trading and those who don't have bitcoins due to the inability to trade

Ryker1

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Eloncoin.org - Mars, here we come!

In my opinion, it will change the distribution of the world, because a lot of people will be given a chance to make money even though he's or she's unemployed. Poor people will be able to make a lot of money than their regular salary. It will change their income. From rags to riches something like that, I believe that bitcoin, you can make things happen even though you're not that rich.

ArteMixer

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In my opinion, it only gives new opportunities for money laundering on navie people investing in cryptos. It's like stocks, just a different appearance when it comes to investing.

pat4cryptoreal

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Bitcoin is a sure means of equality when it comes to wealth distribution. The whales are trying by all means to hinder this but it is not possible. Migration of wealth have started already for people that are embracing bitcoin.

gogrowglow

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Difinitely, Bitcoin had change the distribution of wealth in our society around the world. It has started already and will continue forever. There are lots of people earning from bitcoin who are living a decent life only because of their earnings from Bitcoin. The rising price is letting them gained more profits and giving them the financial freedom to live comfortably and enjoy life's luxury. So bitcoin has created a parallel economy around the world which is more secure and anonymous in nature. Even though the legal status of bitcoin is still not clear in many countries, but still it has managed a way of getting adopted by the masses. Rich or poor people are free to join Bitcoin so nobody controls who will become rich or poor.

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