Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
brg444
on 19/09/2015, 16:36:57 UTC
Yes, I know you'd love for Bitcoin to be a tool of wealth redistribution, but that is not how it works and it was never meant to be so. Stop conflating your delusions with reality.

If Bitcoin is adopted by the world's economic majority then by definition it has become the standard for money. This necessarily translates into its adoption by the remaining 80% which, as any herd does, will follow. As such, having our financial system operate on the sound economic theory of Bitcoin will benefit EVERYONE, even if the 80% retain little control over it.

I'm sorry but you have terrible understanding of economics and how this world operates. You might think your opinion holds value but seeing as most of it is pure delusion and ignorance you don't get to pull the "agree to disagree" argument. How you'd like the world to work is not representative of how it actually does work.
Bitcoin does bring about wealth redistribution whether you like it or not. How about instead of telling me that my opinion is one of pure delusion and ignorance you give me a counter argument instead. That would be more convincing.

How about you don't bother me with your economic ignorance?

Wealth disparity is an inevitable outcome in any economy. Bitcoin is capitalism in its purest form. Stop trying to stick socialist shit to it it won't stick.

https://en.wikipedia.org/wiki/Pareto_distribution
Wealth disparity is indeed an inevitable outcome of any economy. However decreasing global and local inequality is a positive thing and not inconsistant with good capitalist theory.
Well the onus of proof on how Bitcoin will achieve this is on you. If your argument is that Bitcoin will achieve this by having every poor African adopt it before the economic majority does then your understanding of "capitalist theory" is broken.
I am not saying this, redistribution of wealth has already happened. Early adopters for instance already had an influx of wealth. If the price of Bitcoin goes up then our wealth increases as well, this is in effect a redistribution of wealth, its quite simple really.

Oh sure if you're willing to stretch the definition to such extent why not? Then I guess lottery is a tool for redistribution of wealth and so are penny stocks  Roll Eyes