by u/12D3KooWPgeHN4NFnoZga4NkYQVQGaC1CgJkBuz9Y2jWcKnLe54Z | 19mo ago
poorfag brainlet cope
>in this new fiat money dystopia we're living in, the difference between $1m and $50m has become negligible
you are insane or you live in a turd world
>its easier to 100x your money than ever before in history
then you should be able to make your 1m easily just by working and investing. what is far more difficult is turning that 1m into 50m.
simply ask yourself how many people have 50m versus 1m. the answer is obvious
>why the middle class if disappearing
wealth is concentrating which is why the 50% is more valuable than instant gratification of 1m
>I think this course of history can be reversed by bitcoin becoming the global monetary standard
all those who own at least 1 btc will get the opportunity to get 1m. if you get a job, work 50+ hours a week for 3+ years you could get 1 btc. or you could just stay at home, live rent free and invest 50% of your paycheck for 10+ years and youll have 1m. what you wont have is 50m.
therefore the answer to this hypothetical is easily. the green button!
1 direct reply
by Tom (u/plebeius.eth) | 19mo ago
Very wrong.
1. Negligible compared to the difference between 20m and 1b. So you have poor reading comprehension.
2. Wrong, wealth compounds very quickly, it just so happens that money doesn’t always equal wealth. For example, 1k is harder to compound to 1m because 1k is usually not wealth, ie you can’t afford to risk it all, because it’s a lot for you relatively to your whole financial situation. Very different from holding 1m, because if you aren’t wealthy with 1m you are just inept. And if you’re inept, 50m is not much different than 1m.
3. Strawman. The point is you might get nothing with the 50%, while 1m is guaranteed wealth if you’re smart enough and it’s easy to 100x, and the difference between 50m and 1b is huge compared to the difference between 1m and 50m
4. Another strawman, because I’m saying it’s easy to compound wealth nowadays, which refers to risk taking, or entrepreneurship, however you wanna call it. Not wagecucking or DCAing into a high cap. Not the same thing at all. You clearly have no clue how real wealth compounds, and how easily it happens every day. You’d be surprised how easy and fast it compounds in practice, it actually gets exponentially easier and faster over time. Problem is you need real skills from the start. Anyway, you don’t get it (you’re projecting).