Post
Topic
Board Bitcoin Discussion
Re: How can Bitcoin be a society changer with current distribution of wealth?
by
RodeoX
on 07/01/2015, 20:07:18 UTC
I don't personally think a gold standard would benefit many members of society. I believe BTC could, but not with its current monopoly.

There is no monopoly.  You keep using that word but I don't think you know what it means.    You can mine new coins right now.  You can sell goods or services for Bitcoins.   You can take some of your non crypto wealth and trade it for Bitcoins.   There is no monopoly to access.
Exactly. The US dollar is a monopoly. If you want to use dollars (you can't own them, just use them) then you MUST get them from the federal reserve. There is no other option. The fed controls how you may use them, where you may use them, they can change the value, they can increase circulation or reduce production. Why because it is a monopoly. Bitcoin is the opposite.