Quote from: squatter on January 13, 2020, 10:18:10 PM

That opportunity is only available to early adopters with disposable capital. Poor people don't have disposable capital to begin with. And years from now, these early adopter opportunities will have disappeared anyway.

Bitcoin is just another form of capital. It may transfer wealth from one group/class to another over time as the price rises, but it doesn't address the underlying mechanisms that cause the wealth gap -- real property distribution, capitalist and banking economies, etc.

Exactly... I gave the article a read... The author clearly is ignorant of "Capitalist values" ^{( I bet the author hasn't read any work of carl marx )} and different "supposed" ways to redistribute wealth... E.G UBI ^{(Universal Basic Income)} and things like raising the minimum salary of employees^[1]. Although I'm not sure about UBI but this minimum salary increase paints a convincing picture... E.G

Quote from: CNN

Price says the higher wages have transformed the lives of his employees. They have been able to grow their families, more than 10% of employees have purchased a house for the first time and individual 401(k) contributions have more than doubled.

This is something what I will consider "redistribution" of wealth. The CEO had to cut his salary of $1 million to a mere $100K to make this happen... Imagine if all the big corporations out there decided to introduce something like this, that will really transform people's life But then again the model Dan Price has adopted isn't truly capitalistic in nature...

IMO, No sort of "Money" can "redistribute wealth"... As long as we will have the idea of "Profit", inequality will exist that's what essentially the word "Profit" means, One man's loss is turned into another man's profit... One could also argue that this whole idea of "Wealth Gap" is subjective. What's the Objective value of "Wealth Gap"? What's the right amount of "wealth gap"? There are no right and wrong answers here... It all comes down to our morals and then again we don't have any Objective Morals. If you want to truly eliminate income inequality, you will need to come up with a new system which doesn't involves the idea of "Profit"... and if we are being honest here that's wishful thinking... The reality is we will ever come close to something like Basic UBI which can help chip in to pay a bill or two, basically subsidising Energy and internet... A new way to fool people basically to prevent the working class to reach class consciousness... This whole idea of "wealth redistribution" is BS without addressing the Elephant ^{( capitalism )} in the room...

Source:
[1] https://edition.cnn.com/2019/09/25/business/gravity-increases-employee-minimum-salary-to-70k-trnd/index.html