Quote from: Simple_Man on September 17, 2017, 06:56:38 PM

Quote from: KaranRaut on September 17, 2017, 06:41:11 PM

For long the banks have ruled organisations and organisations and businesses the Government.
So to say that the banks have had their monopoly for far too long now. The cats out in the open and every one can see the skeletons in their closet.

Do you think that the Bitcoin revolution will server as the great equalizer?
Is the Crypto revolution revolution going to bridge the gap between the poor and the rich; the market and the consumer?

Let me know what you think..

Well, I don't see crypto currencies as an equalizer in the society. The parity between the poor and riches can't be bridged using crypto currency. However, crypto currencies can be a game changer if it is widely legalized by the governments. Banking system is a century old system and it is not easy to break that position.

However, crypto currency has certainly built up a parallel economy where a lot of people are earning a good income and living a decent life. So it is definitely increases the standard of living for a group of tech-savy people.

But it is also true that banks are worried about the growth of crypto currency. Within 1-2 years, it will reach a trillion dollar parallel economy which is even higher than the GDP of many countries. But it is not structurally built to replace fiat or banks.

Thank you for the comment.. I see your pov and how this is currently benefiting only the tech-savy.. Hopefully the system becomes more inclusive soon, enabling all across all corners and statuses ..