Re:Bitcoin Is Fundamentally Flawed
by Houshalter on Tuesday April 09, 2013 @12:46AM
(#5516482)
I think he meant that the wealth divide is worse in relative terms. Everyone is richer than a century ago, but the top x% are richer than before, than the poor are richer than before.
We tend to overlook that we live in the most peaceful times in the history of mankind, and that poverty and hunger in the world is declining steeply.
We don't know what a bitcoin economy will look like. Stimulus packages over the decades have been known to work and not to work. We don't know how a bitcoin economy reacts to depressions and risk. We do know that the current bitcoin economy and any financial engineering (or even just opening a bitcoin-accepting webshop) is extremely more complicated and risky than the traditional money systems.