I have been into supporting the government with taxes because it is the bread and butter of the government in funding its social responsibilities. Having decentralization is a good thing because it gives more options to the people.
Basically stronger people will become stronger and people suffering will suffer more.
This has been an issue ever since. People with lots of monetary power can purchase more than anyone who has less monetary power, that is the standard in financial system whether it is centralized or decentralized.
Won’t Bitcoin create more disbalance while a lot of people are claiming the opposite.
How could it create more when the disbalance is already existing and the effect of financial power is almost the same. The good thing with bitcoin is that with its growth brings more income-generating opportunities to people. And those who used to be unable to transact online due to having no bank account can now have an opportunity to process online transactions because of the availability of cryptocurrency.
I have a master in Economics but indeed I sometlmes wonder why we need Bitcoin.
I can have a simple answer to this. There are people who are declined by banks in having an account due to some personal validation and source of income reason. So these people can't do online transactions since they don't have any bank accounts to process their transactions. With Bitcoin, these people are able to do online transactions without the need for banks. So basically, Bitcoin brings convenience to people. Bitcoin is able to bridge the gap created by banks between unbanked people and online purchases, and online remittances.