Quote from: witcher_sense on Today at 08:11:24 AM

Quote from: bnntalk on Today at 04:37:19 AM

Today Morning, One Thing came in my mind. BTC is really an amazing concept not only for the rich people while the for poor also, because no one can control the price of btc. For example, at 2017 -2018 if you are invested in btc then right now you can collect a huge amount to use like in education , in health, in your family or your future plan.

It should be stressed that bitcoin is not meant to cure inequality in this world of poor and rich. What bitcoin has been doing so far and will continue to do is give everyone an equal opportunity to convert their time, effort, and skills into something that cannot be stolen and debased. Presently, the most scarce and valuable asset in this world, time, is being constantly stolen from those who have to work hard to feed their family and pay bills. It is done via inflation and money printing, which is basically a legal way to counterfeit money. No matter how much time you spend working, all that you earn will surely be taken away from you. Rich and wealthy people, unlike the poor, have many ways to protect themselves from this robbery, but still, it doesn't solve the problem but rather delays the inevitable. Bitcoin allows both the poor and rich to make sure they will not lose what they earned offering what they have.

I'd say Bitcoin is the easiest vehicle towards curing inequality in the first world. For all the talk of wealth being absorbed by the upper class, what happens when the wealthy can take all their assets and put them into stable investments outside of currency?

For someone retaining any amount of currency, their spending power decreases everyday by built in inflation by financial institutions. Bitcoin is not as easily manipulated, and therein lies the reason why the rich don't want ordinary folks using Bitcoin.

Rich meaning the "elite," not just the well off.