RE: What is the difference between stock and cryptocurrency?
I think you are overestimating a bit the impact that cryptocurrencies are going to have on the distribution of wealth. I agree that it is a technology with the potential to revolutionize a lot of industries and even other aspects of our life, but its still not going to prevent the rich to stay rich and poor to remain poor. Whether you put money on ethereum or any other token with potential someone with money can just put more money in it. If you buy .02 ETH with your pub money someone else can place an order for 100s without blinking.
Regardless they could have an impact is it is easier for the average joe to invest in ETH or BTC or whatever as opposed to buying stocks or real estate but still dont think it will change much the fact that there will still be a top 1% or 10% and it will still be lopsided
@mvaisberg this is a very good point. I do not believe that everybody that is poor is going to become rich with cryptocurrency. Of course the rich are going to invest and become richer but it does give opportunities to people a little less fortunate. They may never be in the top 10% but they might be able to afford nicer things. Some poor villages in some developing countries have actually put their funds together towards bitcoin and have actually sustained an adequate income for their community. So yes you are right there will always be an imbalance, without at imbalance money wouldn't be worth anything at all. Perhaps I did exaggerate a little but only to make the point, that Crytpocurriencies are going to have a serious impact on the world and I think we both agree on that!