MultiversX Tracker is Live!

Does bitcoin change human nature?

Bitcoin Reddit

More / Bitcoin Reddit 93 Views

In an ideal world, where fiat no longer has any value, and trade and commerce operate solely using a finite store of value like bitcoin, what stops it all from ending up in the possession of corporations like how we’re seeing with money now? Wouldn’t people being consumers and businesses being cash hoarders still create a flow of wealth into the hands of the few people who own the businesses? Sure, they’ll pay in bitcoin, but their main goal is profit, so they aren’t going to be working a net-zero profit business. Or even during the transitional period, say Coca-cola starts taking bitcoin as payment for their product as it’s catching on with the public. They wouldn’t be obligated to pay their employees in bitcoin, so they would already have a huge head-start in accruing a large share of the value. I’m not implying that I’ve heard that bitcoin is the answer to the worlds problems or anything, I’m genuinely curious if there is any way that a quality of a currency like bitcoin might alleviate problems like these. Like, is this a human problem or a money problem?

submitted by /u/explosionsperminute
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments