Post
Topic
Board Economics
Re: Richest 2000 People richer then poorest 4.6 billion
by
mu_enrico
on 21/01/2020, 12:01:36 UTC
Actually, it could solve some economic problems we're currently facing. The only reason it doesn't yet is because it's not only still in its infancy, but adapting to the way Bitcoin works is way harder than we believe. We obviously cannot see the difficulty of it because we already know how to use it & how it works (or at least a part of us, BTCTalk members), but you can clearly see it as soon as you try to tell somebody who has never been in this market before about Bitcoin.
No mate, in economics, if we talk about economic problems, it is related to scarcity because of limited resources.

Quote
All societies face the economic problem, which is the problem of how to make the best use of limited, or scarce, resources. The economic problem exists because, although the needs and wants of people are endless, the resources available to satisfy needs and wants are limited.
https://www.economicsonline.co.uk/Competitive_markets/The_economic_problem.html

That said, using Bitcoin as money does not make resources magically become abundant.

Bitcoin might not turn us into the financial freedom we deserve to live into, but the world is surely being changed by it as we speak.
Financial freedom itself is a meaningless jargon popularized by "scam" motivators or shills. The idea about a person that can buy anything without "thinking" or employ some "work" is impossible because of limited resources, as mentioned earlier.

But Bitcoin can level the playing field. A person in Indonesia could compete with a person in Europe for some artwork paid with Bitcoin.