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7 years ago in #dmania by rok-sivante (77)
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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 This number may be outdated since the most recent bubble that is now a few months old.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.
Can't believe how genuine this image can be!
Crypto all the way up!
Yes this image could be very true in a few years. The sad part is the top of the image where $20 barely gets you anything these days.
I will say that the tax cuts are hitting many US citizens paychecks today, which should boost the economy a little bit. A few more $20 bills to buy a couple loads of bread, haha!
$$$$$
Cheers!
love this!
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 😩😩😩😩
Thanks for motivation @rok-sivante
Succes cryptocurrency
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
:) is this the future
Zim dollars is the definition of low :)
It could go both ways. Either up of down but I lean towards upward move. This year would see its moment like we saw on the tail end of 2017. I'm very bullish on bitcoin. Let's see how it goes.
Wouldn't that be nice? Speaking of groceries and lambos, I saw a McLaren in the grocery store parking lot the other day. My jaw literally dropped. The owner saw my face and laughed at me. :)
Haha. That’d probably be one of the fun perks of owning a car like that... :-)
Yeah, I'd like to believe that I'd be the kind of guy who would just say, "Drive my car around while I'm shopping." I don't think I am, so I'll have to get two of them so I have one that I can loan out. :D
Great article rok-sivante, and so on point! I remember seeing an article on Germany and a photo of several people pushing wheel barrels of cash to get loaves of bread. I agree, don't put all your eggs in one basket!
Danny Zale ~ @factcheck
Hi! I like this image...
Copycat!!! =)
Great post @rok-sivante. Economics in general is an area that I would be quite interested in, and inflation can be both positive and negative.
My mother is extremely interested in history, and whenever anyone mentions inflation, I recall the story of a man who had a wheel barrow full of cash, but because inflation had affected the value of the currency so much, the wheel barrow was worth more. Probably not a true story, but it was the reason as to why I became interested in economics.
I agree - a diverse set of income streams is key to stability over the years. Thanks for sharing!
good post !
@rok-sivante, really nice post! The way you showed Trump picture was really hilarious 😂 ! I'm only sorry that my vote is not worth enough to make you understand how much I laughed.
cool way to look at it.
I'll never buy a car here in Singapore though. It's a frigging liability.
Check out the Vin Diesel interview we did here. He was mad shocked to know how much our cars cost.
last I heard, the tax on a car was more than the cost of the car itself! (well, at least for cars under somewhere around $50k)
yes. We've something called COE. just some shit you need to bid for. This is to kind of have less cars and shit here.
I dont knows for sure whats the future of btc, but hope grow and grow a lot. But even btc crash, certainly part of the others coins get recovery. Cause blockchain is bigger thanks btc. This Idea never die, not so soon.