Can Bitcoin Fix The 21st Century's #1 Financial Issue?

1. Inequality exists because humans are not equal. In a capitalist system (that I think is the best) the most intelligent or most bold humans will mostly succeed and end up richer than everybody else. It's really that simple.

2. Answer, no. . Bitcoin is a tool. People, themselves, must solve their own inequality. If you have inequality, it means you are deficient in some mannor and must make adjustments to your life.

3. I think beyond meat is an emerging asset. probably a good 10 year stock.

4. I just want to play devil's advocate for a minute here. Would we have achieved all the technological advancements we have since the 70's without breaking out of the gold standard? Would the .com bubble ever happen? The point is, because of all this free money, things like the internet and bitcoin happened so I still believe that sometimes, in order to give a boost to the human race, we may need Fiat… I know this sounds weird but think about it for a second.

5. some say that cryptocurrencies themselves are a part of the class of crazy speculative assets created by the monetary policy that people pour money into. that might be true, and the bad coins certainly are, but now that cryptocurrencies are established, they will stay and some may serve important purposes

6. What ? If LLC is holding your PK what make you think that those are your assets ???

7. I don't see how Bitcoin will reduce the inequality with the top 1%.
   At the contrary because of Bitcoin gini index, we will soon see trillionaires in dollars value.

8. One of the biggest advantages to holding Bitcoin instead of the U.S. dollar is the fact you don't hold a devalued dollar once you convert it to Bitcoin. Once you have Bitcoin you own a currency that doesn't devalue over time; instead it increases in value over the long term.

9. You can't "solve" wealth inequality, we are all naturally born different from one another in our capabilities and desires for any particular line of work and we learn different levels of integrity, responsibility and drive throughout life; generally the more responsibility someone has at a job, the more they get paid. The more internally driven they are to succeed based on what they've learned and experienced, the more opportunities they will take in order to better their chances of achieving their own definition of success.

   If everyone enjoys the same fruits but not everyone does the same labor or carries the same weight on their shoulders, that would be the REAL inequality.

   Bitcoin can help aid those who are not at the top (most of us) by bringing more purchasing power through the act of purchasing, which is revolutionary in and of itself, and by providing a proven money, a real, hard, secure store of value, rather than the worthless, inflationary slave paper scam we are forced to deal in for the past however many centuries.

   Basically It can close this gap, but there is no "solving" this, just like there is no "fixing" a person who has rarely experienced anything other than loss and heartache throughout repeated decades of their life; things can be MANAGED appropriately day in and day out, and much improvement and positivity can be had after a while, but to think these things can be completely solved or fixed is a fallacy of thought which implies perfection in lack of issue or negativity. This is unrealistic.

   The most important thing to remember is the most valuable things on the planet are food, water, shelter, protection/defense and loved ones and knowledge….

10. Normal Americans can't afford to invest in assets. Creating a new deflationary asset (BTC) won't change that. Yes some people will get/have got lucky and go from middle class to millionaire but the vast majority will be left behind while the rich get richer. The inflationary nature of currencies doesn't help people trying to save but it's far from the main problem with our system.

11. Another great video Nick, explaining the greed and power players of a nation.

12. Another excellent video. Thx

13. Ofcourse not

14. Huge fan of BTC but if BTC is ever a global standard it will make wealth inequality worse not better. Those with BTC will stay with those who already have it and since inflation wouldn't be what it is there would be a a reduced inventive to take on risk.

15. Maybe, I see it more as a store of value too (as do a lot of people). Faster blockchains will serve a better use-case for financial sectors – Algorand seems to be the best example right now.

16. It will give access to those denied banking services and free up money to move across borders more efficiently. However, wealth inequality runs much deeper than access to financial services. For instance, war ravaged countries with an average iq of 78 may never achieve the wealth of western nations.

17. 13:54

18. The age of no one knows……..i think the fiat currency and government systems would have to completely fall before you can restructure and re create new monetary systems.

19. Today: first big bank in Holland lowers savings rate down to 0%.

20. Can Bitcoin Fix The 21st Century's #1 Financial Issue? Wealth Inequality — No it can't. I am proponent of cryptocurrencies, but Bitcoin is only going to make it worse. This is because governments all around the world do not teach their citizens about how to handle money. They don't want a populace that is educated about money, because that means people are independent from government control.

21. Love your channel! I will be checking out perpetual assets 🙂

22. i'll hold my Keys

23. can you provide some links to the charts?

24. Nope

25. I am asking myself: WHere will the money flow after an Stock Market Crash.
    But its not only Stocks. Real Estate and bonds in an terrible bubble.
    And FED keeps pumping and pumping. My bet Gold, Silver and Cryptos ( Not only bitcoin )
    Best asset is Silver. I am predicting 100$ for 1 ounce

26. Bitcoin is truly an emerging hedge

27. Oh yeah taxation is the most efficient way of wealth ReDiStRiBuTiOn. The government famously is the most efficient thing man has ever devised.

28. Old billionaires advocate for higher income taxes they will never pay and behind the scenes are working to do away with inheritance taxes… a little "legacy" for their lazy fuckin kids.

29. We could also in tax policy talk about get your hand out of my fucking wallet and don't put it there if I do manage to make it. Literally willing to just throw the anchor to stay at the highest income to tax rate.

30. The problem stems from the mindset of those in charge that don't give a crap about what happens in the future so long as they get theirs NOW. If have no moral compass or fear of life after death then WTF? Burn it all down before you go! Who cares? Leave everybody else to hold the bag while you party like a rock star on your unlimited money printing spree.

31. 360p?

32. Good video on how the Fed creates inequality.

33. Petition to change Nick's "and today is __ of 2020" intro inflection to mirror what he did in 2019. "Twenty twen-TY"

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