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

Bitcoin solves one problem of wealth inequality.

It prevents banksters from printing money.
Inflation is the stealing of money, skimming a portion, and this affects the poor most of all.
It also enriches those closest to the money printers.

The other problem of wealth inequality is the Pareto Principal.
20% of the people do 80% of the work. And thus (sorta) get 80% of the money.

But, with a stable money supply it tends to works itself out.
If someone hoards 90% of the bitcoin, then the 10% circulated is that much more valuable.
(the only problem is when that big chunk enters circulation)

These problems with money will be solved by block-chain cryptos.

And it will probably be something upside down and inside out from what we have today.

Something like a debt based crypto, where the debt comes into being when the first customer buys the first widget. (because the making of the good is the actual wealth, but it is also worthless unless desired by someone else) And that debt is stored in the block chain and gets repaid by future exchanges. With also a diminishing.... you can't hold onto the note forever. Its less valuable over time.

But this gets into really sticky maths and game theory.