Satoshi Nakamoto and 2152 billionaires control half of global wealth

A report disconcerting Oxfam, shows to what extent the wealth gap has grown in the last decade. Satoshi Nakamoto belongs to a growing group of billionaires, with a net worth current estimated in 9 billion dollars. Oxfam is an international confederation of charitable organizations that are working to eliminate poverty. The same published a startling report that concludes that the 2,153 billionaires in the world are as wealthy as half the world’s population. The annual report provides many descriptive findings on the state of the inequality of financial in the world. This has been a concern widely discussed in the agendas of policy at the global level. However, not all billionaires retain the knowledge for if. Here is an example of some of the tips that you gave 5 of them last year, to be able to reach new levels of wealth. According to the report of Oxfam, the wealth of the billionaires has increased 7.4% since 2009. In addition, they note that of the top 500 have accumulated 1.2 trillion dollars in 2019. Oxfam is testing a solution of stablecoin using the criptomoneda DAI. The nonprofit organization, along with the startup Consensys of Ethereum and the technology company Sempo. In this project, was to test a card system in the villages of Pango and Mele Maat on the island of Efate. The locals were given a payment card and tap that were preloaded with 50 USD in DAI, which could then be used in stores. The sentiment was positive after exercise, suggesting new future collaborations.

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How bad is wealth inequality?

Many investigations have suggested that the inequality has only gotten worse. Even, several detailed reports point toward a greater tendency to the accumulation of wealth among a few. On the one hand, hours of productivity have steadily increased since the 1970s, but the minimum wage and the amount of payment you have not done so at the same pace. In the same way, at least in the united States, expenses such as housing and college tuition have risen dramatically in the last few decades. However, the number of hours of work and minimum wages have not been adjusted to match. The economy of the united States is exemplified typically to highlight the problems of inequality, but Europe has similar problems, although more gentle. The top 10% in Germany has almost 2/3 of the wealth, while the United Kingdom shows a worse performance than the united States in terms of mobility of economic class. Naturally, the tough conclusions have provoked indignation by the way in which it operates the world. This, in turn, makes the need of a currency that is more democratic and decentralised it all the more urgent.

Satoshi Nakamoto created Bitcoin in order to overcome the inequality of financial

Satoshi Nakamoto, although unaware of their identity, is one of the names that stands out in this list. However, the wealth spoken of in the report includes other 2152 billionaires. Currently Bitcoin and other cryptocurrencies are highlighted as a means to achieve a certain balance in the economy. This is particularly true in a context in which inequality financial only seems to be growing. In fact, Bitcoin was specifically motivated with the desire to make economic systems more fair. Satoshi Nakamoto, famous for its building, came reflected in a headline in the Times, in which I was talking about how Bitcoin is oriented to the rescue of the banks after the economic recession of 2008. The own Satoshi Nakamoto is one of the billionaires on the list, since he or she has 1 million BTC, which is estimated at a value of about $ 9 billion. At the peak of Bitcoin, the wealth of Nakamoto would have been worth $ 19 billion, and classified it as the 44th richest person in the world. The following two tabs change content below. A degree in Liberal Studies from the Metropolitan University. Lover of innovation and a believer of the technology for the future.

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