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Cryptocurrency has never been designed to reduce wealth inequality, but way too many people are complaining how crypto wealth distribution is as inequal as boomerfi markets.

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by COINS NEWS 120 Views

The original bitcoin whitepaper never claimed to solve the world's wealth inequality problem nor did it ever guarantee that the wealth distribution of crypto shall bring about a utopia that some people seem to want.

What crypto can do, is to give the lucky, the bold, the inventive, the early, the brave few, those that were eager to buy BTC at $100 and ETH at $10 when the world was against them, a chance to turn a $10,000 investment into $1 or $10 million. Some took it. Many crypto millionaires of today used to be jobless college graduates or those that once were stuck in jobs they hated.

Yet these newly created wealth will also be inequal in crypto. But that's the way things are and it's unreasonable to state that crypto has 'failed' just because it didn't accomplish a dream that you somehow conjured up and burdened upon cryptocurrency.

If you feel you're stuck in a rat race, well now is your chance and now is the risk you have to take. Whether you take it or not matters not to me. You can take that risk depending on the size of your balls, or you can become that guy plagued by the bitterness of hindsight, finding himself whining about damn whales buying everything in a bear market as you were busy selling.

submitted by /u/savage-dragon
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