A society works well with ethics, values, and social responsibility. Capitalism is not honestly and ethically, it's amoral and promotes greed.

However capitalism is born in a Christian ethic, and with that eroding, we now only have self-interest (property without responsibility).

Cutlure and social cohesion are as important as economy.

According to Wikipedia:

Among the effects of inequality researchers have found include higher rates of health and social problems, and lower rates of social goods, a lower level of economic utility in society from resources devoted on high-end consumption, and even a lower level of economic growth when human capital is neglected for high-end consumption.

2013 Economics Nobel prize winner Robert J. Shiller said that rising inequality in the United States and elsewhere is the most important problem. Increasing inequality harms economic growth. High and persistent unemployment, in which inequality increases, has a negative effect on subsequent long-run economic growth. Unemployment can harm growth not only because it is a waste of resources, but also because it generates redistributive pressures and subsequent distortions, drives people to poverty, constrains liquidity limiting labor mobility, and erodes self-esteem promoting social dislocation, unrest and conflict. Policies aiming at controlling unemployment and in particular at reducing its inequality-associated effects support economic growth.

Health and social cohesion

British researchers Richard G. Wilkinson and Kate Pickett have found higher rates of health and social problems (obesity, mental illness, homicides, teenage births, incarceration, child conflict, drug use), and lower rates of social goods (life expectancy, educational performance, trust among strangers, women's status, social mobility, even numbers of patents issued) in countries and states with higher inequality. Using statistics from 23 developed countries and the 50 states of the US, they found social/health problems lower in countries like Japan and Finland and states like Utah and New Hampshire with high levels of equality, than in countries (US and UK) and states (Mississippi and New York) with large differences in household income.

Social cohesion

Research has shown an inverse link between income inequality and social cohesion. In more equal societies, people are much more likely to trust each other, measures of social capital (the benefits of goodwill, fellowship, mutual sympathy and social connectedness among groups who make up a social units) suggest greater community involvement, and homicide rates are consistently lower.

Crime

Crime rate has also been shown to be correlated with inequality in society. Most studies looking into the relationship have concentrated on homicides – since homicides are almost identically defined across all nations and jurisdictions. There have been over fifty studies showing tendencies for violence to be more common in societies where income differences are larger. Research has been conducted comparing developed countries with undeveloped countries, as well as studying areas within countries. Daly et al. 2001 found that among U.S States and Canadian Provinces there is a tenfold difference in homicide rates related to inequality. They estimated that about half of all variation in homicide rates can be accounted for by differences in the amount of inequality in each province or state. Fajnzylber et al. (2002) found a similar relationship worldwide.

Social, cultural, and civic participation

Higher income inequality led to less of all forms of social, cultural, and civic participation among the less wealthy. When inequality is higher the poor do not shift to less expensive forms of participation

Because countries that have reduced poverty and income inequality are civilized countries!

The United States has such an unequal distribution of wealth so that it's in the league of corrupt underdeveloped countries, no longer in the league of the developed nations, according to the latest edition of the world's most thorough study of wealth-distribution.

Yeah, the poor are poor because they're lazy and stupid and people are bad because they are in the 'Axis of Evil'...

Open your mind and travel a little bit more in the world, many very poor people in the third world countries work harder than you coud ever imagine.

Just remember that you are just lucky to be born into a wealthy country/family.

The great number of the wealthy were born wealthy. There are a few examples of people who were born in poverty who became rich, but this represents a small minority.

Je n'ai jamais prétendu que le monde actuel était parfait. En revanche un monde peuplé de ces anarcho-libertariens motivés exclusivement par leur propre intérêt personnel serait pire que ce qu'il est actuellement. L'article de businessinside compare ce monde à la Somalie.

Ces pseudos anarcho-libertariens, avec leurs relents de populisme de bas étage, que je commence à bien connaitre, sont bien plus pires que les "banksters" et le système qu'ils dénoncent. Motivés exclusivement par leur propre intérêt personnel, si on leur donnait le pouvoir on aurait un monde de chaos, d'inégalités et de violences extrêmes. Seulement, et heureusement pour nous, ils ont beaucoup moins de pouvoir de nuissance sur nos vies.

A l'article d'Atlantico sur ce sujet:


Très parlant aussi celui là:

Hey Kid, learn from Everyone and stop your rebellion.

Bitcoin solves nothing. Bitcoin is nothing more than a speculative bubble.

But maybe new cryptos like emunie will solve these problems...

I think you didn't know Second Life...

When it debuted in 2003, Second Life was an irresistible subject for Geeks and technophile reporters. It was the subject of endless, high-profile reports. Numerous companies attempted to capitalize on the attention by launching an official presence in SL.  Early adopters made millions too. The Linden Dollar, could soon influence whole industries and governments. Media coverage touted Second Life as the future of the Internet.

Yes, there are many similarities with bitcoin.

Most of people don't want to buy btc to play poker or satoshidice, they just want make profits. And if they can't make big profits anymore, they'll leave as the tulip system did 350 years ago...

Bitcoin euphoria just reminds me of Second Life hype. But Second Life is not dead, there are always people on there. Bitcoin won't die too. It follows the same way.

Most of these crap coins are made by the same scam artists. They use the same manipulation tactic.
They will come back in 1 month with a new scamcoin with the same marketing tactics, and these greedy morons will support it again.

History's always repeating itself...

It's much worse than in the real world.

Richest 1 Percent Control 39 Percent of World's Wealth

In bitcoin, the richest 0.05% Percent Control 50 Percent of the Bitcoin's Wealth.

Exactly! Bitcoin is like Napster. After Napster there was Morpheus, Grokster, Kazaa, Limewire, etc. etc. which were then supplanted by eDonkey and BitTorrent. It's never going to stop. People who think Bitcoin will remain the major cryptocurrency on the crypto markets are just naive. The use of technology on the Internet is rapidly evolving. eMunie is a highly advanced cryptocurrency and can be the next big thing.

You're wrong...

Bitcoin will crash to $30.

http://www.londonlovesbusiness.com/business-in-london/investment/alessio-rastani-why-bitcoin-will-crash-to-30/6149.article

Cao, managine director at Lightspeet Venture Partners, which recently invested $5 million in BTC China, said he would not be surprised to see the value of bitcoins fall as much as 50 percent over the next week or two.

Le whitepaper est normalement prévu ce mois. Le fait que ca soit closed source c'est en effet un reproche que je ferais, mais ceci sera temporaire. C'est juste pour protéger les sources des scammers et éviter des copies durant les premières jours de son lancement.

La plupart de ces crypotomonnaies ne sont que des clones/scams préminés sans avenir autre que le pump & dump.

J'en mets juste une complètement à part. C'est eMunie. eMunie est une vraie cryptomonnaie qui n'est pas un fork de bitcoin et qui inaugure une nouvelle génération de cryptomonnaie beaucoup mieux pensée que bitcoin (attaque des 51% impossible, transactions instantanées, pas de chaine de plusieurs gigas à télécharger, stabilité du prix avec une offre s'ajustant dynamiquement à la demande, système d'échange p2p, adresse personnalisable, chat décentralisé et sécurisé, système de notation des utilisateurs etc.)

Si eMunie tient ses promesses ça à toutes les caractéristiques pour s'imposer comme la référence des cryptomonnaies et ça nous sortira de ce système pyramidal malsain.

Sortie normalement prévue en janvier.

All these useless PonZicoins make people greedy and crazy.
The community needs a true and useful cryptocurrency.

eMunie has Great features and an ethical concept.
I just hope what it promises is what it delivers..

Comme tu le précise, les épisodes ultra spéculatifs se font uniquement en période de crise et de guerre sans ça les monnaies restent stables. Pour Bitcoin c'est totalement différent, la spéculation est permanente et est sa raison d'être sans ça il serait vite oublié car la grande masse n'y verrait aucune intérêt et ne s'y intéresserait pas.

Les gens vont là ou l'argent va. Comme je l'écris aileurs, je suis persuadé qu'un jour un petit malin inventera un nouveau truc qui fera un buzz sur internet pour faire de l'argent facile, les médias relaieront et toute la masse s'y engoufera encore une fois. Il y a la bulle dot-com, second life, le poker, le HYIP, bitcoin, et il y aura certaienemnt après autre chose...

Compare ce qui est comparable. Les variations du cours des monnaies sont minimes, elles se font plusieurs chiffres après la virgule, c'est bien pour ça que sur le forex, on parle d'effet de levier, car sans ça les bénéfices que pourraient faire les traders qui n'investissent pas de grosses sommes seraient insignifiants.

On est à mille lieux de bitcoin et de son cours de change ultra spéculatif, ou la valaur peut changer de +/-10% en quelques secondes et c'est bien pour ça que bitcoin ne peut pas être considéré comme une monnaie.

Bitcoin will drop hard because it'is just a speculative bubble. It won't be money. For a comparison, look at Second Life. There was a media buzz around new virtual worlds such as Second life. The speed of its decline has been monumental. I am sure that someone will invent a new way to make easy money and this will be the new buzz on the Internet...