Wealth Redistribution via Cryptocurrencies ...

@ScottAdamsSays: RT @balajis: Social Security is the redistribution of wealth from millennials to Boomers. Bitcoin is how it gets redistributed back.

submitted by thefeedbot to TheTwitterFeed [link] [comments]

Pope Francis Calls For 'Legitimate Redistribution' Of Wealth To The Poor - Let's contact Vatican to accept Bitcoin!

Pope Francis Calls For 'Legitimate Redistribution' Of Wealth To The Poor - Let's contact Vatican to accept Bitcoin! submitted by freeroute to Bitcoin [link] [comments]

Bitcoin - a Means for Redistribution of Wealth

Bitcoin - a Means for Redistribution of Wealth submitted by eleitl to Transhuman [link] [comments]

Should we expect Bitcoin to lead to a redistribution of wealth?

In the long run, cryptocurrencies are intended to become the dominant form of currency, displacing central bank issued currencies on which the economy currently relies.
The experimental nature of Bitcoin means that individuals step into Bitcoin with small amounts of money which they can afford to lose. At a later phase, institutional investors begin to step in. People with a large amount of family wealth seem last in line to step in, as they can not easily take such a risky step, besides the fact that the Bitcoin economy is very sensitive to such large purchases, which trigger a rapid rise in price.
This is interesting, because Bitcoin benefits those who adopt the new currency first, at the cost of those who step in at a later point. If Bitcoin succeeds, the "bag holders" so to speak are people who are last to step in and abandon fiat currencies.
This could unfold in different ways, but it seems likely to me that the effect will be a redistribution of wealth, with early adapters benefiting at the cost of large institutions which will only make the transition out of necessity. The effect of this could be a redistribution of power, from large established corporations and the billionaires who own them, to average tech-savvy individuals.
Does anyone see any holes in my logic (except for the obvious fact that nobody can guarantee that Bitcoin will succeed)?
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why redistribution of wealth by bitcoin is not a concern at all?

Majority of the people using bitcoin are educated and smart, may be hackers or drug dealers but they are smart. I have seen worse kind of redistribution of wealth where most illiterates got a big chunk when the real estate business had a boom. The ones who were hodling large area of land now own Audi, BMW :( but time is about to change when systems go decentralized and redistribution happens.. will be painful in the beginning but we will get to the other side. It's a part of evolution.. in this age of information technology era, I believe there is nothing wrong if a large chunk goes to the hands of geeks, educated and we'll informed. I want to know your thoughts on this. If anyone is good at writing blogs on this topic then it is a plus.
submitted by bitbetta to Bitcoin [link] [comments]

Do you think Satoshi redistributed his 1M bitcoin? It unsettles me that he could end up with 1/21 of the world's wealth (best case scenario).

submitted by bitofabitcoin to Bitcoin [link] [comments]

Bitcoin – The Greatest Redistribution of wealth of our generation

submitted by Bensonsamuel to Bitcoin [link] [comments]

Bitcoin's Defensive Capabilities and Redistribution of Wealth /r/btc

Bitcoin's Defensive Capabilities and Redistribution of Wealth /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin is redistribution of wealth /r/Bitcoin

Bitcoin is redistribution of wealth /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

@coinschedule : RT @vxschmid: Another aspect of #Bitcoin : Wealth redistribution without the use of force. https://t.co/Kj1zX7BbnZ

@coinschedule : RT @vxschmid: Another aspect of #Bitcoin : Wealth redistribution without the use of force. https://t.co/Kj1zX7BbnZ submitted by coinschedule to CoinSchedule [link] [comments]

Bitcoin - a Means for Redistribution of Wealth

Bitcoin - a Means for Redistribution of Wealth submitted by Jackten to Bitcoin [link] [comments]

ELI5: How did bitcoin's goal of wealth redistribution work when the wealthy had more access to mining resources?

submitted by BuildingaMan to explainlikeimfive [link] [comments]

Do you think Satoshi redistributed his 1M bitcoin? It unsettles me that he could end up with 1/21 of the world's wealth (best case scenario). /r/Bitcoin

Do you think Satoshi redistributed his 1M bitcoin? It unsettles me that he could end up with 1/21 of the world's wealth (best case scenario). /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

I'd like to take this opportunity to thank GABI for the cheap coins and redistribution of wealth /r/Bitcoin

I'd like to take this opportunity to thank GABI for the cheap coins and redistribution of wealth /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

the redistribution of wealth via bitcoin miners

i am sure that i am not the first person to bring this up. humanity is waking up. slowly but assuredly. we citizens of planet earth, have, for the very first time, at our collective disposition, a means to literally create wealth. we've leaned on, and trusted banks for way to many millenia. this is our time. we can choose what the exchange rate of bitcoin is. why not choose to sell it for literally as high as possible? so what, BFL screwed you over, and now you have a machine that will mine 0.01 BTC every other day (guesstimate). what if that 0.01 BTC was worth $10, that's $150 extra dollars (roughly a month)? what if that 0.01 BTC was worth $100, that'd be an extra $1,500 a month?!? i am familiar with how mining works, and i know that the more miners that are on the network, the more difficult it is to mint BTC, and already we are witnessing potentially industrial scale mining (i.e.- the recent million dollar purchase from BFL Labs), which will make it harder for everyone else,there will always be those who seek to gain as much as they can, and for them mining is more than a hobby. what i'm saying is that's great! this guy is going to have so much money he won't even know what to do with it. just imagine how quickly miners from all around the world could come together and quickly fund, and bring relief to the parts of the world that need it the most. we the people have the power to do this. one day, we won't need money anymore to do the things in this life that make it so worthwhile. the technological infrastructure is already here. what humans need more than ever is access to this technology. yes, at one point, we used bitcoins to purchase drugs, and some still do today. we brought that potential upon ourselves. let's collectively choose a new path. i ask that we show a lot of love to the btc exchanges! we're going to need them to be as resilient as possible, as they will converting btc to fiat. in one generation we can pay all our debts, and free ourselves from modern day slavery. if you're a miner, prepare to make as much money as humanly possible. have a plan on how to spend it. be responsible. humanity depends on you. if you have a family, upgrade them to the next level of comfort. if you have friends, upgrade! if you have pets, upgrade! if you're mining on an industrial scale, be generous, very very very generous. guys, WE HAVE THE POWER! how will you spend yours?
submitted by pimpingken to Bitcoin [link] [comments]

why redistribution of wealth by bitcoin is not a concern at all? /r/Bitcoin

why redistribution of wealth by bitcoin is not a concern at all? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin - a Means for Redistribution of Wealth

submitted by eleitl to collapse [link] [comments]

Bitcoin - a Means for Redistribution of Wealth

Bitcoin - a Means for Redistribution of Wealth submitted by eleitl to technology [link] [comments]

Bitcoin - a Means for Redistribution of Wealth

Bitcoin - a Means for Redistribution of Wealth submitted by eleitl to transhumanism [link] [comments]

the redistribution of wealth via bitcoin miners

i am sure that i am not the first person to bring this up. humanity is waking up. slowly but assuredly. we citizens of planet earth, have, for the very first time, at our collective disposition, a means to literally create wealth. we've leaned on, and trusted banks for way to many millenia. this is our time. we can choose what the exchange rate of bitcoin is. why not choose to sell it for literally as high as possible? so what, BFL screwed you over, and now you have a machine that will mine 0.01 BTC every other day (guesstimate). what if that 0.01 BTC was worth $10, that's $150 extra dollars (roughly a month)? what if that 0.01 BTC was worth $100, that'd be an extra $1,500 a month?!? i am familiar with how mining works, and i know that the more miners that are on the network, the more difficult it is to mint BTC, and already we are witnessing potentially industrial scale mining (i.e.- the recent million dollar purchase from BFL Labs), which will make it harder for everyone else,there will always be those who seek to gain as much as they can, and for them mining is more than a hobby. what i'm saying is that's great! this guy is going to have so much money he won't even know what to do with it. just imagine how quickly miners from all around the world could come together and quickly fund, and bring relief to the parts of the world that need it the most. we the people have the power to do this. one day, we won't need money anymore to do the things in this life that make it so worthwhile. the technological infrastructure is already here. what humans need more than ever is access to this technology. yes, at one point, we used bitcoins to purchase drugs, and some still do today. we brought that potential upon ourselves. let's collectively choose a new path. i ask that we show a lot of love to the btc exchanges! we're going to need them to be as resilient as possible, as they will converting btc to fiat. in one generation we can pay all our debts, and free ourselves from modern day slavery. if you're a miner, prepare to make as much money as humanly possible. have a plan on how to spend it. be responsible. humanity depends on you. if you have a family, upgrade them to the next level of comfort. if you have friends, upgrade! if you have pets, upgrade! if you're mining on an industrial scale, be generous, very very very generous. guys, WE HAVE THE POWER! how will you spend yours?
submitted by pimpingken to BitcoinMining [link] [comments]

Bitcoin - a Means for Redistribution of Wealth

submitted by eleitl to PirateParty [link] [comments]

Bitcoin Skeptic to Believer. Here's Why.

Bitcoin Skeptic to Believer. Here's Why.
Ghandi was once asked by a journalist how he was going to end British rule in India, to which he replied “I will end British rule in India”. The journalist somewhat confused asked again, “how?”. And once again Ghandi replied “I will end British rule in India”. Ghandi was said to be “surrounded by sublime coincidences” and believed by playing to the same beat of a drum, repeating, “I will end British rule in India”, it would become so.
Bitcoin also has its believers. Take a look at Jack Dorsey’s twitter bio.
For many years I was a skeptic of Bitcoin and cryptocurrency. Despite attending blockchain conferences and befriending leading blockchain developers all over the world, I struggled to see how an application for a complex and scarcily utilised technology would go mainstream, and thus ever have an impact.
That was until I came across these 2 graphs. They haunted me. And I continued to lay awake thinking about them. Rather fortuitiously through my work, I gained access to both quantitative and qualitative Gen-Z data. Their love of virtual worlds, digital coins, and native understanding of how algorithms work, and systems can be manipulated, convinced me that they will drive the digital revolution. They will be forced to.

https://preview.redd.it/ky9kpk31ruv51.jpg?width=679&format=pjpg&auto=webp&s=4e03b48312a6f2e3fc459e5e6effbc6d6bdc0175
https://preview.redd.it/0kkfpn31ruv51.png?width=1820&format=png&auto=webp&s=6b9b9fc31dda2b9154d75736c5dac5b5517288de
Once you take out the wealth generated from Millennial tech entrepreneurs (Zuckerberg et al), another percentage point can be taken off Millennial wealth. In other words Baby Boomers had circa 4 X the wealth at the same age as Millennials have today. Note the wealth curves are on vastly different trajectories.
Sure, these are US statistics, but given the US is *still* a major economic power with a large population, and influences global markets— it is a good starting point.
You may now be thinking “well the Boomers will eventually die and wealth will be transferred down”. Yes, but by when and to whom? Boomers are living longer, and without progessive wealth, estate or capital gains taxes, Boomer wealth will only be passed on to their middle-aged kids, and not redistributed back into society, further accentuating the wealth gap as a large portion of the population struggle away.
History says major wealth inequality is either reset by revolution or war. And when there is hunger and famine in a community or country, the odds of an “event”…? Guaranteed.
Will a parent threaten or kill to feed themeslves or offspring? Yes, they will.
There is an escoteric saying that has a universal truth to it;

“at first there are pebbles, then stones, ignore them at your peril for next they are followed by rocks, and avanlanches”.

Are we at pebbles, stones or rocks?
With concerning civil unrest bubbling up in the US driven by wealth inequality, and 1/5 households with children in the UK going hungry — two of the wealthiest countries on the planet. We are at rocks.
Saying The Establishment are “relectant” to address the rapidly growing wealth gap, is far too kind. They give Zero Fucks. It feels like we are not far off another “let them eat cake” moment.
When kids are forced to play parent. They do.
Speaking of pebbles, the Tulsa TikTok stunt, to the global embarrassment of Donald Trump could be a sign of things to come. This pending revolution is most likely to be played out in the lounge rooms and bedrooms, not the streets.
It will be a digital revolution led by Gen-Z and Gen-Y purchasing Bitcoin out of despair, that will eventually cause the current economic system to collapse.
Pebbles, Stones and Rocks may take years to bounce down the mountain, but Avalanches happen in a flash. Ignore Bitcoin at your peril.
Full Disclosure: Madge is the proud owner of 1 Bitcoin.
submitted by MadgeSpeaks to u/MadgeSpeaks [link] [comments]

Life of a Full Time Cryptocurrency/Bitcoin Trader. Phuket, Thailand HUGE Villa Wealth Distribution Bitcoin Block Reward Halving Explained! Right-Wingers Favor Wealth Redistribution How to MAKE Money & KEEP It w/ Mark Moss  Beards ...

In the past wealth redistribution typically meant the government taking your wealth through taxation or straight up force and giving it to someone else. The revolution currently occurring in… Sign in ₿ Bitcoin 🛡️ Ethereum ⛓️ Blockchain ️ Submit an Article 😎 Communities 🖥️ Discover Jobs ; Wealth Redistribution via Cryptocurrencies. Steve Walters. Follow. Dec 28, 2017 · 6 ... Normally, the concept of wealth redistribution involves government using force to take from some people and give to others. But the bitcoin revolution is redistributing wealth differently.. For ... Shock horror: Bitcoin’s wealth distribution is outrageously uneven. The top 2.8 percent of wallet addresses control 95 percent of the supply of bitcoin, according to statistics. Get insanely rich and be the answer to capitalism and redistributing wealth. Are bitcoin hodlers the next 1%? For bitcoin to serve its altruistic purposes and executing Satoshi’s original vision, bitcoin must be traded and spread around, not held by a few privileged hands. Nothing wrong with hodling, and creating a culture of saving. The price increase is a nice benefit as well. But let’s ... Normally, the concept of wealth redistribution involves government using force to take from some people and give to others. But the bitcoin revolution is redistributing wealth differently.. For the sake of simplicity, and to avoid confusion, we will talk about only the original bitcoin in this article and avoid the likes of cryptocurrency products such as ethereum and initial coin offerings ...

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Life of a Full Time Cryptocurrency/Bitcoin Trader. Phuket, Thailand HUGE Villa

wealth distribution in future. This video is unavailable. Watch Queue Queue Subscribe == https://bit.ly/2MjhXFM == Check out the life of a full time Cryptocurrency trader and enthusiast. Bitcoin has already been the biggest redistribution of wealth the world has seen ... #bitcoin #crypto #markets 👨🏼‍🏫 Get 14 days of Signals Profit Group for ONLY $7: https://bit.ly/2QlS7mB ️ Join the BitSquad on Telegram: t.me/BitSquad ... Subscribe == https://bit.ly/2MjhXFM == Bitcoin is blowing up, BTC has crossed $10k again and a lot of speculation about the bitcoin block reward halving upcoming in May 2020. This video will ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Queue

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