I am just coming out of a nice weekend watching some interesting talks about how Bitcoin will change the world and give everybody access to "banking" just with their phone how people will be in control of money instead of governments... it sound all very wonderful and like humanity will all be happy and wealthy in the future, BUT:
Bitcoin won't help distributing wealth more fairly by itself, on the contrary, people being wealthy today can still get in for todays prices, while people living hand to mouth and from paycheck to paycheck don't. Sure, we see some wealthy people with loads of Bitcoins from the early days giving some away to people in need.
That's nice.
On the other hand, we see people evacuating their wealth from their bankrupt and (sometimes) corrupt countries, like Zimbabwe...
What do you think, who the majority of those people buying bitcoins is? Farmers or the ones who profited from exploiting the country and destroying the economy in the first place?
Then Venezuela... they say "Bitcoin saves Venezuela"...
...but does it, though? Some people are using the highly subsidized power to mine Cryptos and import food from the outside. I agree, the Government in Venezuela looks horrible and I under those circumstances I might think of circumventing some laws to survive, but still it only helps some tech-savvy Venezuelans, while increasing the speed of the inflation for everybody else.
What I am trying to get at, is that people in general are not as altruistic as we might be relying on in our Utopian visions, instead we already have a lot of strange actors in the Cryptosphere: Most of the ICOs are scams, we have a lot of market manipulation by whales and groups of "traders". While traders at some point in time meant people who would make some product available to others, our crypto-"traders" are not really helping to solve any problem or improving anything but their own bankroll by taking from others, often from the ones who have little and are panicking easily when prices drop.
Just for the ones who do not already know it: Every profit you make in trading is someone else's loss.
So, long story short, with Bitcoin we are not getting rid of exploitation or inequality, because some people are power hungry and greedy.
Are you?