Why Bitcoin Could Oppose The U.S. Wealth Inequality
In a day where possibilities for Bitcoin investments bloom in the U.S. and its price continues to rise, the numbers from the stock market’s gains during the last year and a half mostly show an alarming increase in wealth inequality. The Robinhood’s democratization has been in style for a while now, ever since it gave […]
Related News
A look at the many ways that cryptocurrency can help to solve the problems associated with global income equality. Over the past few decades, the inequality of wealth distribution globally has become all the starker.For example, as of 2022, the top 10% of Americans hold nearly 70% of US wealth. This means that 90% of the country only takes home 30% of the wealth. South Africa is another example, with the top 10% taking home 65% of the wealth. Many citizens also lack access to general banking as well as high-class financial services (i.e., services limited to accredited investors) that are....
While the current system is contributing to increasing inequality, Bitcoin serves to benefit everyone equally and promote fair competition.
Following El Salvador making bitcoin legal tender, a survey was conducted to ascertain whether U.S. adults support or oppose a similar move in the U.S. Among 4,912 adults who participated, 61% did not oppose.
Majority of Adults in US Do Not Oppose Making Bitcoin Legal Tender, Survey Shows
Yougov America Inc. conducted a survey Thursday to ascertain whether consumers are for or against adopting bitcoin as legal tender in the U.S. A total of 4,912 adults in the country participated in the survey. Yougov is an international research data and analytics group headquartered in....
Bitcoin is the solution for a growing division of wealth inequality driven by the Federal Reserve’s monetary policy of printing trillions of dollars.
While many people expected the US Congress to look at this change and oppose it, that will not be the case anytime soon. It is not in their best interest to respect user privacy. Most people are well aware of how Rule 41 will be a major problem for anyone looking to obtain privacy on the Internet. The US government has proposed several changes, although there is lots of opposition as well. While Congress has no plans to intervene, the Tor project is taking a clear stance against what this change may bring to the table. Time To Oppose Rule 41 Before It Is Too Late. The proposed changes to....