Quote from: Febo on January 20, 2020, 08:09:44 PM

Quote from: nickenburg on January 20, 2020, 04:34:28 PM

Richest 2000 People richer then the poorest 4.6 billion.
Richest 26 persons richer then 3.8 billion people.

Today I read this in the newspaper that Oxfam Novib calculated this in their report called time to care about economic inequality.
Especially women in underdeveloped country's are stuck in poverty and can't get out.

We all know this has been going on for years but it is pretty shocking to see the enormous difference in these numbers.
It is also hard to comprehend that most concentrated part of the wealth is hold bye a small club of men.

How do you think this is devided with Bitcoin we can all just see the top richest wallets in Bitcoin, but do you think Bitcoin is more fair devided then the current money system?
What would be the most fair way of dividing a cryptocurrency so the whole world is actually part of it and gets wealth?

Point of bitcoin is elsewhere then who owns it now. Point is that is permissionless. So everyone can use it. That is not the case with traditional banking. Unless you live close to the bank and unless they agree to service you you cant use it. So Bitcoin makes everyone have a chance. This is the main innovation.

I disagree softly!

If poor people have nothing there are no ways to acquire Bitcoin.

There was a time in the early stages of the Bitcoin development
where it was possible to mine large quantities of Bitcoin with a
standard computer with good specs.

I hate to say it but those with the greater amount of disposable
income and funds to invest can become wealthier, this includes
buying Bitcoin.

Buying or earning bitcoin are the only ways of acquiring it outside
mining. So if you dont have any money you cannot buy and for those
who are poor and have some possessions they will most likely be sold
in order to survive.

Unfortunately Bitcoin alone wont offer poor people an opportunity
out of poverty, it will take something else to start the process like
education, employment and development.

Here is an interesting wiki on "The Poverty Cycle" > https://en.wikipedia.org/wiki/Cycle_of_poverty

Quote

Families trapped in the cycle of poverty, have either limited or no resources.
There are many disadvantages that collectively work in a circular process
making it virtually impossible for individuals to break the cycle.