RE: Income Inequality: Can Bitcoin or Other Cryptocurrencies Fix This?

inequality can mean one of two things imo. There's literal inequality where two people work 40 hours a week and one makes more than the other. You're never going to eliminate that except through totalitarian enforcement. Then There's egregious inequality that is brought about by luck or circumstance where someone trades no time for income yet uses their wealth to generate income off the labor of others. I'm not sure that level of inequality can be eliminated by crypto either, as we're seeing the exact same pattern play out with many coins. With each solution there's a problem. If you confiscate inheritance so that nobody can fall into wealth but they have to earn it (i.e. daddy's rich but son is poor), a very loud and vocal group of people cry oppression. If you let human nature run it's course however, you end up with corruption in government and oligarchies running the world, and the bottom 99% cry oppression.

I do believe that crypto does have the answer though, because it eliminates the human element, or it can, and like you say it takes away the importance of location. Both capitalism and communism have historically succumbed to total system corruption. Hopefully trustless systems can rectify some or all of these problems with wealth inequality, but I don't think there is ever a solution that is going to make everyone happy. Some people aren't happy unless they can find ways to have more than others, many of them sociopaths, but many of them also just paranoid and hellbent on their own personal survival. It's why I keep investing in Hive, as there seems to be a magic balance being struck here on many levels.