Society has been stratified for a time immemorial. As population continues to grow, people are being group based on their socioeconomic status which is determined by income,/ salary, political position and the amount of wealth in possession.
No matter how one would want to argue that some society provide equal opportunity for her citizens, it is undeniable that in every society there exist a level of social stratification though the vast categorization may differs.
Actually by social stratification, am not referring to having equal opportunities but rather, how society is group based on their financial disposition.
Generally, people are usually grouped into upper, middle and lower classes. Personally I think each group can be further divided. As we know those in the class do have their ranking.
Not to dwell so much on what social stratification is, I will go straight to the bothering question...
Do you think crypto will further widened or bridge social classes??
There is no doubt that crypto currency is here to solve the problems of the traditional financial system also to note that it is not without its own loopholes.
Personally I think crypto currency will help create eual opportunities in terms of technical know-how as such creating a bridge between classes . All you need to do is to position yourself and see what you can offer but when it comes to the training aspect, I will say the other way round.
Am happy to see the recent hype and institutions getting more involved in crypto however with the increasingly transactions fee rate yet again it is those with the big bags that are gaining it.
Well this is my opinion. I would love to hear your thoughts regarding the topic.
for one also believe that crypto will work to bridge the gap thay exist between the social classes.
But come to think of it, some of the high handed people in the society are also beginning to gain knowledge of the crypto world and are investing.
The huge Gap that exists or the stratification will gradually be closed because of the EQUAL OPPORTUNITY creation!
Crypto currency as good to stay for good. It is a means in which every classes of persons will have financial freedom and really have control over their money.
I just pity the banking sector of Nigeria, soon people won't be putting their money in bank because it yield little or no profit. Imagine put that same amount in Bitcoin and leaving for just a year..
We you said position yourself for the future In order to benefit from the crypto currency world that is already begun.
But I most still tell you that the only people who will benefit from crypto currency world are early adoptors and those who are technically and digitally inclined and also privilege to have internet, computer connection devices and are intelligent.
So you see this don't resolve the issue of social stratification as there is always be a categorizing of people based on their important, wealth, privilege and other measures. Because social stratification is only a result of privileged and opportuned individual and I still don't easy how. Crypto will address this.
This is my take and contribution on this..I stand to be corrected
