Post
Topic
Board Economics
Re: How can Bitcoin reduce global economic inequality?
by
Xising
on 17/05/2019, 06:19:05 UTC
Bitcoin and the whole blockchain industry offers a new way of globalization. It reduces inequality because it solves inefficiencies in the economic model that already exists. For example, the remote working model gives the opportunity to anyone that lives in countries with high unemployment rates to find a job remotely and make a living.

That's true, as one of its major characteristics. It can help close the gap and somehow bring people who have like minds closer to one another opposite from the disparity of distance that keep on hindering people from working hand in hand, especially in the global business industry. As more people are focused on their localities, cryptocurrency or Bitcoin to be specific, offers a new way for people to be able to compete even if they don't have that much to use as capital. It gives people the chance to improve on their lives by venturing in the many alleys of the cryptocurrency market that could surely affect one's life for the better, which in turn, would affect the people surround him and the locality he is in.