Due to Bitcoin's supply issuance schedule, it's fair to say that those who buy bitcoin early achieve (exponentially) outsized gains.
Based on what we've seen so far, adoption looks something like: cryptographers -> early adopters -> suits/elite -> the masses
Given that the exponential nature of adoption and returns, doesn't Bitcoin further increase wealth equality? So that the elite are even richer than the everyone else?
To be a bit more specific, what I'm envisaging is the new world to include three groups of people, the elite (aka "the 1%" of the old world), the early adopters (aka "the 1%" of the new world) and the masses (the remaining 98% of people).
Before bitcoin maybe top 2% of people owned 80% of the wealth. But after bitcoin, perhaps top 2% would own 95% of the wealth (approx only to illustrate point).
Thoughts?
Bitcoin wasnt created for that sole purpose because this is mainly focusing on decentralized payments without 3rd party involved which is totally not mentioning about equality or even just with common sense
you could really able to tell that this is something impossible to happen on this world as there would be people whom do love to accumulate more as much as they can.To think about wallets that do own
more than 1 bitcoin and the rest is just some fraction or proportional. There would be people who do love to be on the peak spots when it comes to their possession which is the sad fact.
Why would thinking off about equality? It wouldnt happen.