Post
Topic
Board Bitcoin Discussion
Re: "What happens if bitcoin succeeds?"
by
NeuroticFish
on 11/03/2021, 14:29:31 UTC
Isn't that evident already? While big pocket players are setting up big mining rigs and small players are finding it extremely hard to earn bitcoin. So the inequality between the rich and poor will stay there even in crypto market just the way it happens in the real world economy. There's no way to remove it from our lives!

Well, small pocket players should buy or earn some Bitcoin (could have been much better if they would have done that some more years ago). Mining is not everything. Just imagine the "small players" that simply got a few Bitcoin from faucets.

The first bitcoin faucet was called "The Bitcoin Faucet" and was developed by Gavin Andresen in 2010.[196] It originally gave out five bitcoins per person.

It's easy to cry that's unfair that the train has left, while you watched and maybe made fun of all those who got in for all that time the train was waiting.

So I would agree with this statement. Bitcoin didn't help to remove the income inequality from our lives. It certainly made some people richer who had adopted it in its early days but holistically it remained as a big boys' game!

I has simply re-distributed some wealth. Some wealthy people afford to profit now and it makes everything more visible. But I am sure that some have become wealthy exactly because of Bitcoin and they seem to be conveniently forgotten in this discussion.