Topic: Will bitcoin change the distribution of wealth in the world? - page 7. (Read 3506 times)
Distribution of wealth is pretty a massive vary of two subject matter but i assume bitcoin will positive assist people to come to be extra financially stable. It gives possibility for people who are searching for a full time and section time job. If you meant to center of attention on bitcoin then it is no longer that terrible specifically when you are sensible sufficient on how you are going to control your digital currency. If you are just havibg it as phase time it is not horrific as well when you consider that it virtually consumes much less time of you and you get to earn it.
This really an interesting question and in my opinion, bitcoin can help poor people and the middle class. But current situation shows that mostly the rich are benefiting from crypto.
I agree with the post that says "Wealth distribution is in a hand of people..." that is with the helped of Bitcoin because of its decentralized nature. Also it gives equal opportunity to all people willing to use it, regardless of their job, financial status, race, age, etc. Bitcoin is giving us the chance to redistribute the wealth to those people who directly worked for it.
Bitcoin is already considered the largest wealth distribution across the world and there's no reason bitcoin can't change that. With many people already benefited from it, i believe that bitcoin is the savior of our financial necessities.
Maybe because others started this bitcoin earlier so i think they invest bitcoin in multiple and saved more points to have more money. So if members earn earlier and they started to earn money in cash, i think they are already richer or a wealthy people because they invest earlier in bitcoin, than the beginners.
Bitcoin is already considered the largest wealth distribution across the world and there's no reason bitcoin can't change that. With many people already benefited from it, i believe that bitcoin is the savior of our financial necessities.
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 a bigger possibilities that wealth will be equally distributed. Even the ordinary people can succeed in bitcoin. It needs a lot of hard work and be updated all the time.
I think wealth distribution here in bitcoin is not equal because it varies upon your campaign. But if you have the same campaign then the distribution is equal.
yes we know that its not equal for the distribution of wealth but everyone is gonna be a millionaire if only they know what to do and its not easy but i think bitcoin can really change the distribution of wealth in the world because we all know that even the poorest person on earth can have wealth that can give by 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. Bitcoin will make people who don't deserve to be rich, very rich.
I was recently done analysis about Bitcoin contribution to the world wealth. Here we cab't talk about only bitcoin because we have many kinds of crypto currency. So crypto will change the wealth distribution in the entire world in future. But Central bank will not want to give authority to P2P network like blockchain technology . I think it will be regulated first before implementing to the economy.
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?
It can be both. Through crypto currency, people can invest their money, no matter how big or small it is, and be part of a big project or company. However, it can be unfair especially to those who will be late to learm about it and to those who have a small capital for investment.
Doubt it. While some of the new entrants might be not from the uber rich, that is not the case now. People can only afford to buy with a small portion of their savings so the fat cats can still have a large part of pie.
At this point buying tiny amounts is what the average Joe can do to get in (remember, you don't always go all in). Mining is capital intensive and not everyone got money for that.
Bitcoin is first and foremost, designed to keep money out of the government's reach, not to address wealth inequality.
At this point buying tiny amounts is what the average Joe can do to get in (remember, you don't always go all in). Mining is capital intensive and not everyone got money for that.
Bitcoin is first and foremost, designed to keep money out of the government's reach, not to address wealth inequality.
I'm not sure of that, and I think wealth is not just about financial stuff, this is just my opinion that I think people who deserve to be wealth are those who keep fighting hard and never give up and I'm sure the world is fair enough.
I think that bitcoin at the moment, can not affect the money of the whole world. It really does give an opportunity to make money to many people, but rich people can influence the market with the help of huge capital. On this I believe that at the moment it is still too early to talk about the distribution of wealth.
There is nothing early here because distribution of wealth whether equally or however anyone wants to think it is something that cannot happen. See it this way, as long as you are able to get in now, you are better off than someone in your category who is getting in later on, but you are not better off than a wealthy man who is joining now or has joined earlier or joining later since they would not be getting in small anyway. So, distribution of wealth equally is farfetched.
And the problem lies in the field of accepting and authorizing it by the authorities. Third world countries are far behind in this matter.
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 its the other way around. Remember that you need to have large amount of cash to invest in bitcoin. Those who are in the poor level cannot afford to buy bitcoin since they cannot afford to buy computers, laptops and others. The distribution will still be unequal. Those with knowledge and skills in crypto will become richer and those who are not will just stay the same.
Not all people are using bitcoin for now and not all people have a potential to use bitcoin because its for a users who have a access to internet that can use it, so the distribution of wealth may depend on the people who use bitcoin now in present and near future.
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?
No. It will give additional opportunities to earn (and loose) but finally through the natural evolution everything will come to the logical result: smarter and more successful people, and some lucky ones, will have more money and less smart, less lucky and not careful gamblers will loose everything.
I think if many people join bitcoin world and they try to trade with many coins and they can also make a profit, I think they can have much money. and if more people do it the same with that person and many of them make a profit then in the future, we can see that there are many rich people in many places and this mean bitcoin change the distribution of wealth in that places. and soon, if bitcoin can reach all of the countries and all people can do like that, more people will become a rich person that have much money.
Well, the unfortunate thing about all of this is that not everybody will be accepting bitcoin and very few are definitely going to while most of them really are even looking for quick profits. I do not see how bitcoin is going to end up redistributing wealth, what I see here is just the early adopters doing well, those who join in the growth getting lucky and those who are laggards just being a part of an already made structure, but at the end, some will always be richer than the other.The fact here is that unless we want to deceive ourselves, if rich people start finding the whole bitcoin interesting to put in their funds, then you will definitely discover that they still have an upper hand. Those who adopted earlier and have a lot to hold will definitely have some good hand as well, but most of the people that would be trying to climb the ladder when the early adopters and the rich are already in, are basically the lower class.
The distribution of wealth to the world is much better to those who in need. But for those rich who want to get more richer is not good for them. But because of bitcoin every thing in cryto world wiil be better because of decentralize that couldn't control buy anyone.
I think if many people join bitcoin world and they try to trade with many coins and they can also make a profit, I think they can have much money. and if more people do it the same with that person and many of them make a profit then in the future, we can see that there are many rich people in many places and this mean bitcoin change the distribution of wealth in that places. and soon, if bitcoin can reach all of the countries and all people can do like that, more people will become a rich person that have much money.
Perhaps i think it will mostly like change the distribution of wealth in the world.There is a common misconception that a majority of the people that are super rich are going to get displaced if bitcoin and other cryptocurrencies become worth a massive amount of money. However, in reality the way that wealth distribution works is some people will get insanely rich, but the vast majority of people will end up just getting rich and selling their coins to people who are extremely wealthy now. Due to many of us having much lower opportunity costs it makes sense that the majority of people buying will be people who had money before bitcoin. The issue of rich or poor is really a mental one. A poor person cashes out fast because they have not seen riches like that before and rich people much slower because they already have the riches before BTC. Jump to: