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Wealth distribution, with the bigger part owned by an extremely small percentile is like the history of human kind. We should take into account properties and a
by niemal_dev 4y ago
Wealth distribution, with the bigger part owned by an extremely small percentile is like the history of human kind. We should take into account properties and any kind of ownership, such as national territory as well. Humans like to own as much as they can -- this is why wars happen.
Regarding to bitcoin as a currency, as I read in some comment here:
1) You can't demand your money from your bank at any time given. This gives the banks the leverage to maintain and/or invest your money however they seem possible, rendering them a complete "Ponzi" machine (lending all the time in order to invest and make more money while paying out whatever you want to withdraw within calculated timelines).
2) Bitcoin can't print money as it is designed to have a fixed number of distribution. You can't inflate it. You have the capability to become your own autonomous, independent bank. With a fiat such as USD, job wages do not increase in correlation to the USD volume. This promotes poverty, inequality and is completely unethical -- regardless if that effect is intended or not. There must be a public mathematically proven metric that constitutes as a stable currency, this is what Bitcoin is trying to solve. A so-called mathematical gold.
3) Different problems arise, such as: (a) incapability for consistent day-to-day payments due to processing inefficiency, (b) early birds get the bag, (c) global warming (hi tesla).