Isn’t Bitcoin just creating a new upper-class gentry and new inequality to replace the old one, by virtue of who’s lucky enough to be the kids of the Bitcoin First Adopters?

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The Blockchain and developments like the Lightning Network make for new and amazing secure settlement schemes, I will openly celebrate.

But for all the talk of replacing the current banking system, don't we just create a new system of inequality, by propping up a small segment of future generations based on whether or not your parents were lucky enough to afford a share in the deflationary building blocks of the future economy?

If Bitcoin doesn't actually address the problem of economic inequality, then what's the point of changing the system if we only make things more secure for the wealthy? Don't we just create a new gentry to replace the old ones, until a new system arises to replace us?

submitted by /u/Flynn58
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1 BTC = $60359.36 USD  (via Coinbase)
1 ETH = $4038.47 USD  (via Coinbase)
1 LTC = $192.89 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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