I'm often left scratching my head when people say that cryptocurrency will be a massive shift of wealth and power away from the Wall Street banks and finally to the "people"
Can someone please explain...how?
I've seen statistics that say that cryptocurrency is owned overwhelmingly (something like over 90% percent, but I could be wrong) by white men with computer science backgrounds. This number may be outdated since the most recent bubble that is now a few months old.
Aren't we taking money away from rich white guys on Wall Street and giving it to rich white guys in San Francisco?
What happens when one bitcoin is worth millions and villages in rural Africa start using it? Won't the wealth gap have widened much more?
myself and @stellabelle come to mind as two examples of people who were struggling financially two years ago, to have their finances completely turned around due to the possibilities a platform like this enables. Note: she is a woman. And neither of us have computing science backgrounds.
and with the Steem Power accumulated, we've both been supporting writers in Nigeria. a few bucks per post, and we've replaced their monthly incomes.
zoom out and see the bigger picture of what projects like Humaniq and OmiseGo are doing. or what small differences remittance projects might actually be making.
consider what's to come from projects like Earth Dollar implementing basic income programs.
You're right. My initial comment was ignorant to a lot of those projects, all of which I learned about and Googled for the first time after reading your comment.
Looking back, I was referring to something much more basic--the mind-bending appreciation of so many coins. I was not necessarily considering other applications of blockchain.
Hahahahaha @rok-sivante you just cracked me up by this line....
It was said that during the World War(s), inflation in Germany got so high, people were taking wheelbarrows full of money to the store to buy a loaf of bread.
This who lived then really did not find it easy.
Upv by @eurogee, the Steemivangelist and the founder of @euronation Newbie's Support Team
cryptocurrency is the solution to inflatory currency cos its deflationary , like in the picture you post, one bitcoin of 2013 is worth using to buy a car now in 2018
This is photo confirms that a picture says a thousand words. By 2020 the btc prices will be through the roof you could buy more than just a car. Probably even a house and some land.
I'm often left scratching my head when people say that cryptocurrency will be a massive shift of wealth and power away from the Wall Street banks and finally to the "people"
Can someone please explain...how?
I've seen statistics that say that cryptocurrency is owned overwhelmingly (something like over 90% percent, but I could be wrong) by white men with computer science backgrounds. This number may be outdated since the most recent bubble that is now a few months old.
Aren't we taking money away from rich white guys on Wall Street and giving it to rich white guys in San Francisco?
What happens when one bitcoin is worth millions and villages in rural Africa start using it? Won't the wealth gap have widened much more?
like this.
myself and @stellabelle come to mind as two examples of people who were struggling financially two years ago, to have their finances completely turned around due to the possibilities a platform like this enables. Note: she is a woman. And neither of us have computing science backgrounds.
and with the Steem Power accumulated, we've both been supporting writers in Nigeria. a few bucks per post, and we've replaced their monthly incomes.
zoom out and see the bigger picture of what projects like Humaniq and OmiseGo are doing. or what small differences remittance projects might actually be making.
consider what's to come from projects like Earth Dollar implementing basic income programs.
or what blockchain applications in the music industry - Steem's own dSound included - may be doing for musical artists, opening opportunities to exit the starving artist loop.
little by little. step by step. with people engaging, contributing to, and leveraging platforms like these.
that's how.
You're right. My initial comment was ignorant to a lot of those projects, all of which I learned about and Googled for the first time after reading your comment.
Looking back, I was referring to something much more basic--the mind-bending appreciation of so many coins. I was not necessarily considering other applications of blockchain.
Hahahahaha @rok-sivante you just cracked me up by this line....
This who lived then really did not find it easy.
Upv by
@eurogee, the Steemivangelist and the founder of @euronation Newbie's Support Team
cryptocurrency is the solution to inflatory currency cos its deflationary , like in the picture you post, one bitcoin of 2013 is worth using to buy a car now in 2018
True. Perhaps not a Lambo yet, but still a decent new entry-level vehicle or a reasonable used one...
Wow!! What an investment.
Great comparison! Let's hope that crypto will help us to slow or control inflation!
This is photo confirms that a picture says a thousand words. By 2020 the btc prices will be through the roof you could buy more than just a car. Probably even a house and some land.
LOL. I love how trump is on the $20 bill!
😲😲😲😲Who is this picture?😂😂😂😂
Put Donald Trump's will for 1 BTC 2024 : )
I wish a Lamborghini myself 😩😩😩😩