The Pareto distribution are happening and reproduced across many subjects of life, not specifically about economics or wealth.
This is a fairy tale... A kind but naive fairy tale about universal equality. As much as you would like, but cryptocurrency will not change the standard of living of anyone. ....
~it is incorrect to say that it can't play a role in improving financial access and reducing poverty. Adoption of crypto currency will provide easy access to millions of unbanked individuals through smart phone and internet, it can potentially reduce corruption as transactions made on block chain are on a public ledger & transparent.
Decentralization of financial system will reduce the concentration of power with a single entity, such as central bank, this can help to promote financial stability.
Sure, but how significant it is compared to an aid to those who truly need it and a direct practical approach to educate how could they thrive in their own life, accustomed to their knowledge and their social and geographical condition. I dont't think cryptocurrency would do much.
Cryptocurrency won't fix corruption, those who do it surely could do better. It is also an absurd idea for a government to use cryptocurrency for the sole purpose of governmental usage. They will not incorporate their bureaucracy with decentralized economics tools. It broke the idea of how the state performs.
Afterall, cryptocurrency alone won't greatly and significantly helps poverty.