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I mean I've heard it many times [1, 2, 3, 4]. You're welcome to call that anecodta. The reality is quite the opposite of the narrative. [5] [1] [2018] https://

I mean I've heard it many times [1, 2, 3, 4]. You're welcome to call that anecodta. The reality is quite the opposite of the narrative. [5] [1] [2018] https://www.washingtonpost.com/news/theworldpost/wp/2018/01/29/blockchain/ https://www.washingtonpost.com/news/theworldpost/wp/2018/01/... [2] [2018] https://medium.com/predict/how-bitcoin-solves-the-problem-of-the-worlds-unbanked-poor-ad2f76d7e368 https://medium.com/predict/how-bitcoin-solves-the-problem-of... [3] [2019] https://www.businessinsider.com/this-is-how-bitcoin-can-end-income-inequality-in-2020 https://www.businessinsider.com/this-is-how-bitcoin-can-end-... [4] [2021] https://www.forbes.com/sites/martinrivers/2021/06/15/how-bitcoin-can-fix-global-inequality-one-developing-nation-at-a-time/?sh=5aca5e9d2aa5 https://www.forbes.com/sites/martinrivers/2021/06/15/how-bit... [5] https://digiconomist.net/bitcoin-raises-inequality https://digiconomist.net/bitcoin-raises-inequality

gruez 5y ago
>I mean I've heard it many times [1, 2, 3]. Opinion pieces in mainstream outlets isn't exactly representative of "the community". The dates for those articles are also quite recent, within the last 3 years or so. Where are all the bitcointalk topics from 2011 (ie. "a decade" ago) where everyone collectively thought it was going to end wealth inequality?
- arcticbull 5y ago
  In my opinion, that's the central thrust of the text in the genesis block. That the "banks were bailed out" - allowing the wealthy to manipulate the market and remain wealthy while the schlubs were hung out to dry. That is the crux of the modern inequality narrative. JMHO. [edit] I'll be the first to admit I wasn't there in 2010, but I'm led to believe they were discussing a 'peer to peer digital cash' so I guess a lot can change! Certainly the last 5 years have been filled with inequality narrative. Further, I would argue that yes in the last 5 years once bitcoin entered the zeitgiest, that these mainstream thought pieces are actually more representative of 'the community' as retail gamblers poured in outnumbering earlier participants.

gruez 5y ago

>I mean I've heard it many times [1, 2, 3]. Opinion pieces in mainstream outlets isn't exactly representative of "the community". The dates for those articles are also quite recent, within the last 3 years or so. Where are all the bitcointalk topics from 2011 (ie. "a decade" ago) where everyone collectively thought it was going to end wealth inequality?

arcticbull 5y ago
In my opinion, that's the central thrust of the text in the genesis block. That the "banks were bailed out" - allowing the wealthy to manipulate the market and remain wealthy while the schlubs were hung out to dry. That is the crux of the modern inequality narrative. JMHO. [edit] I'll be the first to admit I wasn't there in 2010, but I'm led to believe they were discussing a 'peer to peer digital cash' so I guess a lot can change! Certainly the last 5 years have been filled with inequality narrative. Further, I would argue that yes in the last 5 years once bitcoin entered the zeitgiest, that these mainstream thought pieces are actually more representative of 'the community' as retail gamblers poured in outnumbering earlier participants.