Will bitcoin change the distribution of wealth in the world? - page 8.

luton1point5

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Quote from: belalangsembah on March 28, 2018, 02:03:02 AM

Quote from: Xester on February 21, 2018, 11:22:28 AM

Quote from: HappyNonce on October 13, 2017, 03:48:44 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?

For some reason, it will still a little bit unfair. Wealthy people do have an edge because they can buy many bitcoin right before hand. Unlike other people who have bitcoin just because they do some things in exchange for their service. But as to opportunities to earn, it is given to all equally.

I think wealth is not distributed evenly because many of us are not connected with bitcoin and with it they will not feel the benefits. Many bitcoin users are now rich. And wealth is in the hands of people who are eagerly working hard to make more money

Wealth can never and will never be distributed evenly. I feel we are trying to paint some picture here and forgetting reality at the same time. One fact here is that, there is just no way will some people not always be richer than the others. Some will take a great opportunity at an early stage, some will join in the middle of it and the rich ones will always have a good amount to buy at any time, those who lag behind and lower in class at the same time will still remain on that level.

Activitycoin

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Everyone attitude towards the opportunity to determine the potential of the how much money will you make any speculation or gambling is in danger of sinking cost, so don't worth the heavy pressure, affect their emotions and judgment, hold the attitude of the sunk cost, bold but cautious buy and hold for a long time, the market enters the high stage or before the game is about to be confirmed or falsified

I do agree with you at the drowning market price of bitcoin is making every one shiver and they are shaking but it is not advisable to make panic selling as everybody knows bitcoin nature is very different from all other currency, it use to recover very fast it gives profit and will never let you be in lose, even in my society bitcoin most of investors very good in financials and it is getting high in price so, I hope in future bitcoin will introduce most rich generation who will be wealthy and financially independent generation of the age.

Sled

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Quote from: putrii on March 28, 2018, 03:47:58 AM

Quote from: Pab on October 13, 2017, 04:17:02 PM

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 I agree with this statement because it seems that really rich people are the only ones who can buy as much bitcoin as they can but it seems that there is currently no limit to having bitcoin.

What is the matter with that? That is the truth and we need to accept that but there is no reason to get jealous to that because even we are poor, we can still own some bitcoin and that is an advantage for us because we are hungry for more and that feeling of being hungry will bring a lot of positive things in life like seeking for more opportunities that will help us to get more experience and knowledge.

putrii

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Quote from: Pab on October 13, 2017, 04:17:02 PM

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 I agree with this statement because it seems that really rich people are the only ones who can buy as much bitcoin as they can but it seems that there is currently no limit to having bitcoin.

CaptainKid

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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.

BitcoinLoan

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Quote from: belalangsembah on March 28, 2018, 02:03:02 AM

Quote from: Xester on February 21, 2018, 11:22:28 AM

Quote from: HappyNonce on October 13, 2017, 03:48:44 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?

For some reason, it will still a little bit unfair. Wealthy people do have an edge because they can buy many bitcoin right before hand. Unlike other people who have bitcoin just because they do some things in exchange for their service. But as to opportunities to earn, it is given to all equally.

I think wealth is not distributed evenly because many of us are not connected with bitcoin and with it they will not feel the benefits. Many bitcoin users are now rich. And wealth is in the hands of people who are eagerly working hard to make more money

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.In reality the way that wealth distribution works is some people will get insanely rich, but the vast majority of people will just getting and selling their coins to people who are extremely wealthy now.

belalangsembah

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Quote from: Xester on February 21, 2018, 11:22:28 AM

Quote from: HappyNonce on October 13, 2017, 03:48:44 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?

For some reason, it will still a little bit unfair. Wealthy people do have an edge because they can buy many bitcoin right before hand. Unlike other people who have bitcoin just because they do some things in exchange for their service. But as to opportunities to earn, it is given to all equally.

I think wealth is not distributed evenly because many of us are not connected with bitcoin and with it they will not feel the benefits. Many bitcoin users are now rich. And wealth is in the hands of people who are eagerly working hard to make more money

zhea

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Bitcoin does not change the distribution of wealth in the world. As always rich people have the greater opportunity to earn big here because they have the resources already that they can use in investment. As we all know there is no equal distribution of wealth in this world, the gap between the rich and the poor is very far. In bitcoin, yes it gives us the opportunity to earn and the chance to the unemployed people earn also but we cannot definitely say equal distribution of wealth exist.

michellee

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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.

johnnythunder

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I don't figure it might uniformly disperse the material resource during this world in lightweight of the very fact that there ar still people who aren't adherents of bitcoin and would need to try and do typical venture rather than interest in advanced world like cryptologic cash. presumably bitcoin would within the end of the day modification the lifetime of many those that contribute on that nonetheless it may ne'er diffuse the material resource equally to all or any person.

gambitcoin53

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Quote from: HappyNonce on October 13, 2017, 03:48:44 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?

this will be possible if bitcoin is not banned in most countries, we are still struggling about this issue, if majority of poor people will have access to internet, then there is a chance to equalize this unbalanced wealth distribution so to speak. the sad thing is, this issue about internet access is nearly impossible, plus the rate of uneducated people that can't afford to study, they cannot read or write, if we can look at the statistics of the population of the world, the ratio of rich versus poor is remarkably has a hug gap, so we can fairly say that the current and future status of this ratio will continue to be that way, rich people will continue to be rich and poor people will sadly remain poor, though a small percentage of poor people will have the chance to cross that gap, but still the ratio will remain imbalanced.

emanymton

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If you've been round since the beginning (I have) you would see that most of the prominent figures in btc are/have been involved in shady business practices.

Almost all of them spout that same rhetoric about fighting the power but ended up filthy rich and wanting more. Most of them would sell their own mother down the river for a few satoshis.

In a bitcoin maximalist scenario you still end up with a wealthy ruling elite, just a different lot of greedy douchebags controlling all the money.

Lorin

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To achieve wealth when it comes to money hardwork is needed. you cannot achieve it by simply sitting under the tree and wait for it to fall.You need to do something to achieve that.
Through the help of Bitcoin some already gain their wealth,change their life.For me bitcoin will change the distribution of wealth of the person not the world because not all people accept Bitcoin and know about it.

Uchegbe

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Bitcoin will partially change the wealth distribution if it is allowed to stay. Bitcoin create job opportunities for the unemployed

bohr

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Quote from: Yarsk on February 28, 2018, 11:37:17 PM

Bitcoin can never redistribute wealth in the world and the distribution of wealth is not done by mathematical calculation but according to your work,and chance. If you don't work or take risk you can never be rich due some are born rich but most other become rich through hard work, so in all if you don't do something nothing will still happen in your financial life.

This is something that I see a lot, many people blame the fact they were born poor but very people people are born rich most of the people that become rich were not rich before so those that give excuses saying the system is rigged never make any progress while those that recognize that even if the system is rigged they can still make money are the ones to eventually become wealthy.

millionaireshs

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Quote from: HappyNonce on October 13, 2017, 03:48:44 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?

Wealth was a general topic, we have different ways of identifying which is more wealthy but if you are referring to money it will never happen unless making of new money will be continuous. Aside from that we should consider other factors that will affect bitcoin in the distribution of wealth such as the knowledge and the willingness of individuals about it.
This seems very impossible especially there are big business owners that gains great profits compared to just normal people.

yslyv

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Total market cap of bitcoin is still not so big and it is not easy to realize big amount of bitcoins because of the volume. So actually the money of you is not equal to btc price x btc quantity.

BaraxLo

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Quote from: napi on March 01, 2018, 02:23:09 AM

Quote from: HappyNonce on October 13, 2017, 03:48:44 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?

if a bitcoin is a person who can take advantage of opportunities and always get a profit it is very easy to change the wealth in this world, could be in this world become rich from playing bitcoin.

Bitcoin is indeed very much capable of changing the life of anyone and that it can actually help the poor and needy in having some good amount of money too in order to have a better living.

Bitcoin can make us all rich but for that all of us need to invest our money into bitcoin and if investing of money is not possible, then we need to become a part of some signature campaign in order to have some steady income.

zhea

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I don't think that it will change, because before bitcoin introduces to people there is already unequal distribution of wealth in our society. As we can see rich becomes richer and poor becomes poorer, only rich people has the power to control all the businesses because they have enough resources for them to build a business. In this crypto world only those who can afford also are usually the investors that's why they have also bigger chances to earn more and become wealthier. But we cannot predict what will happen in the future, we need to work harder to become rich because we all know that rich people also work hard for them to be able to get what they have right now.

napi

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Quote from: HappyNonce on October 13, 2017, 03:48:44 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?

if a bitcoin is a person who can take advantage of opportunities and always get a profit it is very easy to change the wealth in this world, could be in this world become rich from playing bitcoin.

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