Quote from: DooMAD on August 16, 2021, 01:03:22 PM

Did 'Traveller's Cheques' solve wealth inequality before they became obsolete. Has email solved it? No. Because these things weren't designed to do that. It wasn't their purpose. Solving wealth inequality isn't in the remit here. Bitcoin is not some magical cure-all which somehow fixes every problem you care to name.

I know a magical cure for inequality. Let some morons due to some early redistribution and as history told us in less than 10 years everybody will be as wealthy as a church mouse. Works flawlessly since the 18th century.

Quote from: Lucius on August 16, 2021, 02:10:00 PM

If that were true, don’t you think the price of BTC today would be much higher than it really is? If elites (billionaires) really bought BTC, then it would be very visible on crypto exchanges that would be far less liquid than it is today - because I have not heard of a case where someone failed to buy BTC because there is a shortage on some exchange.

I think this is one of the other myths that gets regurgitated here topic after topic, if the "elite" or the reptilians or the Bilderbergs or the NWO or whatever would have been secretly buying coins with a tiny percentage of their total wealth we would not be at under $1T in marketcap by now. And the excuse that they keep prices low by doing some voodoo magic to buy coins cheaply is also simply ridiculous.
Just the 1% of the wealthiest Americans own (legally and traceable) around 42 trillion in assets, if they would have used even one tiny percentage of this, the numbers would be totally different by now, let's not forget the current $800 billion includes also satoshis' coins and other lost coins, coins for which nobody has paid a dime ever.

Anyhow, back to the wealth redistribution, again, day after day, people are preoccupied with other people's money and how bitcoin is helping and not helping like a bunch of code would ever be capable of applying socialist principles. Too bad that it seems I'm not going to get used to this barking anytime soon.