Topic: Will bitcoin change the distribution of wealth in the world? - page 9. (Read 3506 times)
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.
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?
Yes, I think so as well. In the wealth of the world, the only count lies on cash which is the Fiat system. Now, when online currency or as we know the cryptocurrencies become part of the count, there would definitely be a big change. We'll be surprised on how poor countries could become stable by then.
Now, how many of them have access to the Internet to even have an understanding of what is going on and how they can take part in the whole system? The thing is that some will still be limited and there will be nothing like re-distribution of wealth, some who were already rich and ended up adopting it earlier will be richer, some will get rich and some will remain poor, this is how life has been fashioned and there is nothing that can be done about it as it all depends on how early some are able to make use of opportunity to their advantage.
I get the feeling that right now Bitcoin is where the Internet was in the early 90s. It is still so new that the true beauty of Bitcoin has yet to shine. And it's going to take some time before Bitcoin can shine. Just as it took the Internet a while to develop HTML, modern day browsers, broadband and all the other pieces that make the Internet what it is today, Bitcoin has the same growth period to grow through. We have still yet to see the Google of Bitcoin, or even the Yahoo for that matter. Right now we are still looking at Bitcoin with a text browser from the early 90s. We have a long way to go.There isn't anything that interests me right now the way Bitcoin does. And it has interested me the past 2 years. I think the breakthrough of Bitcoin is the best technological advancement since the Internet. The Internet brought us free distribution of information. Bitcoin brings us free distribution of commerce. And to understand the importance of commerce you have to understand how restricted commerce throughout the world currently is.
I don't figure it would uniformly disperse the riches in this world in light of the fact that there are still individuals who are not adherents of bitcoin and would want to do conventional venture instead of interest in advanced world like cryptographic money. Possibly bitcoin would in the long run change the life of a few people who contribute on it yet it could never disseminate the riches similarly to all person.
February 21, 2018, 01:17:01 PM
I think is not easy thing,changing a world economy is revolution.Bitcoin and crypto is not very popular concept which has that much power...
February 21, 2018, 12:43:40 PM
In my opinion, the distribution of wealth depends on certain people, in what ways can one earn a lot of money when he is not working or working right but not enough for everyday needs? If many workers in a particular country may still be able to distribute the wealth in the country that will be even greater than the country with the very few workers. So the essence of its distribution can not be too dependent on its own bitcoin or other crypto but all depends only on people who are willing to work hard to become rich.
But in the end also all rich people will still be able and always have a chance to buy better with easy to hold the best position for a long period of time whenever they want.
But in the end also all rich people will still be able and always have a chance to buy better with easy to hold the best position for a long period of time whenever they want.
February 21, 2018, 12:22:28 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?
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.
February 21, 2018, 12:19:15 PM
Nobody knows perfect answer of this question because it is an electric data and people cannot use at physically. Bitcoin is the most successful coin till now and every people who know about this coin are very thankful and want to join with this coin. I think it will be more useful and expensive coin at future. if anybody can joined with this coin for a long term then they have a very big chance to earn a very good amount of profit from this coin.
There is no cause why this coin will be looser and it will go ahead with great advantage for sure. Many people are joining with it every day and some organizations are also joining with it so that it is changing its way very quickly and day by day its popularity going high. Everything can be happen but the chance of good day for this coin is more expected.
There is no cause why this coin will be looser and it will go ahead with great advantage for sure. Many people are joining with it every day and some organizations are also joining with it so that it is changing its way very quickly and day by day its popularity going high. Everything can be happen but the chance of good day for this coin is more expected.
February 21, 2018, 04:07:35 AM
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 don't think it would evenly distribute the wealth in this world because there are still people who are not believers of bitcoin and would prefer to do traditional investment rather than investment in digital world like cryptocurrency. Maybe bitcoin would eventually change the life of some people who invest on it but it would never distribute the wealth equally to all individual.
February 21, 2018, 04:04:44 AM
Yes. I believe it will contribute big change to distribution of wealth since each amount will depend on the owner of the btc. It will be fair since everyone will be able to get what they deserve in this field and be able to secure their own profits.
February 21, 2018, 03:58:46 AM
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?
Yes bitcoin changes the distribution of wealth he can make rich people more Richier and help the poor who keep doing it Or would the distribution be even more unfair?
February 21, 2018, 03:52:50 AM
In my understanding the wealth distribution depends also in the people, how can someone earn money when he is not working for it right? If there are more workers in a certain country of course the wealth distributed in that certain nation would be great compared to a country that has less workers. So the distribution does not really depend on bitcoin itself or the other cryptocurrencies but depends on the people working hard to be wealthy.
The only difference it would make is that those who are able to utilize the opportunity to work hard and earn it, most especially for those who do not have much to be able to buy and hold, will end up reaping the benefit. At the end of it all, the rich ones will always still have a better chance of buying in easily and holding a good position for the long run whenever they wish.Some will get rich, some would not and that normally does not change any fact of what we already have going on in the world. Only the early adopters who were able to understand the whole idea will get more, and there will still be a difference between the rich early adopters and the middle class and so on down the chain. This same happens as we keep moving on and on, so at the end, the rich will always have the highest advantage anyway.
February 17, 2018, 06:36:55 AM
That depends on the investors. I agree that for wealthy people they can make more wealth on Bitcoin. But for the poor to change their life is to start earning Bitcoin now.
The way so many number of investors are investing such a huge amount of money into the world off bitcoin, I am very much sure that in the near future, the distribution of the wealth will be greatly changed and that most of the people will then be having that much amount of money which will help them in having a comfortable lives. Bitcoin is indeed the best thing and it can do lot of wonders to this world. February 16, 2018, 07:26:05 PM
with the recent pumps and dumps as well as regulations coming I do believe that btc will make the gap between rich and poor even larger by taking their investments as well.
February 16, 2018, 07:05:19 PM
Wealth will be distributed equally to those who are fully involved in cryptocurrency. Might not be all, but we wont call it unfair. Now since no one is in charge of peoples money and it goes smoothly for everyone, there wont be unfairness. Everyone will have equal share of what they deserve.
February 16, 2018, 06:54:54 PM
I really don't know if bitcoin can change the distribution of wealth in the world. I have some friends here the become rich because of bitcoin.
There is no problem about the distribution of wealth because there is no definite distribution unless there is an undrground distribution of wealth in some countries.
Everyone has the right to be rich as lonh as they worked for it.
Wealth distribution will not be affected by bitcoin.
February 16, 2018, 06:26:33 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?
In some cases yes it really change the distribution of wealth around the world. It happens to be lots of rich people nowadays are part of using bitcoin. With that the money the earned will invest and grow faster some uses it for trading .Or would the distribution be even more unfair?
February 16, 2018, 03:50:10 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
Economical status of a country or even as individual is truly independent on the social perspective or the views of people making as a basic norms to believe in. But it is not an excuse for us to take it for granted. Because in reality we all need to do are part just to have a good future and a better life for a living. 
February 16, 2018, 03:43:49 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?
In some cases yes it really change the distribution of wealth around the world. It happens to be lots of rich people nowadays are part of using bitcoin. With that the money the earned will invest and grow faster some uses it for trading . Or would the distribution be even more unfair?
February 16, 2018, 02:44:32 PM
I really don't know if bitcoin can change the distribution of wealth in the world. I have some friends here the become rich because of bitcoin.
That is it, only some. We are trying to generalize this whole thing when of course, it is not everyone that is going to be adopting the currency at the same time and we will always have some laggards in which most of the time, the poor ones who do not have a chance to even get to know about it at all, may end up just accepting their fate and end up remaining poor since they cannot even afford it anyway.Something we are not looking at here is that the rich always have the money, check out the big guys entering the crypto world right now, and the amount they are putting in, can a poor man do that?
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