Author Topic: Do you think bitcoin can affect the distribution of wealth? (Read 1119 times)

Domithra · « **on:** May 09, 2018, 03:11:43 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? What do you say about this?

Altcoins Talks - Cryptocurrency Forum · « **on:** May 09, 2018, 03:11:43 AM »

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Jaguar · « **Reply #1 on:** May 09, 2018, 10:23:01 AM »

Distribution of wealth is not bitcoin business it is the business of world leaders incase unnecessary things happened.

Stormyblue · « **Reply #2 on:** May 10, 2018, 04:06:14 AM »

Decentralization as a feature of Bitcoin gives power to the people irrespective of their social class. So I strongly believe that its wealth distribution will be better since it cancels centralization of wealth.

Markjay11 · « **Reply #3 on:** May 10, 2018, 06:11:53 AM »

I think the bitcoin can't effects the distribution of wealth because they cannot connected at all and the bitcoin are own business.

richelle13 · « **Reply #4 on:** May 11, 2018, 07:30:29 AM »

I think bitcoin doesn't affect the distribution of wealth because the role of bitcoin is not on distribution but provided the needs of the people .

investwarrior · « **Reply #5 on:** May 11, 2018, 08:30:57 PM »

Ye i think common folks can be now more richer and so on, but problem what crypto is just at starting phase and many people fear to lose money.

jdcruz1412 · « **Reply #6 on:** May 14, 2018, 04:58:08 PM »

I think bitcoin was created to be a cash system and the distribution of wealth in terms of bitcoin was equal. Well, at first it was equal everyone can mine bitcoin using any computer or laptop but then as time pass those with money joined in by building mining farms thus rising the difficulty of mining to the level that only those with money can mine profitably.

Altcoins Talks - Cryptocurrency Forum · « **Reply #6 on:** May 14, 2018, 04:58:08 PM »

Dacosta · « **Reply #7 on:** May 15, 2018, 03:25:18 AM »

I think the distribution will rather be unfair becuase not everyone is a computer literate and such cannot participate in crypto business. Such people will be at a disadvantage. Some people can also invest in scam projects with huge sums of money and it might lead to poverty