Topic: Can decentralization produce the richest people on earth? . (Read 111 times)
No, decentralization alone is not going to create any rich individuals and some of the rich individuals offering crypto related service which is just another business gives more profit so to become rich you need to make more money. Decentralization gives freedom of using our money but it is not going to give money on everyone's hand.
Vitalik Buterin, Justin Sun, and CZ can say they are one of the richest people on earth based on their coin capitalization, I guess they have millions of coins stored in their hardware wallets.
You'd need 10,400,000 bitcoins (at today's prices) to be the richest man.
What was the total supply number at the end of the gambling phase? After that there were too many hands in the jar to grab that many.
you've answered and of course, it can...
Vitalik Buterin, Justin Sun, and CZ can say they are one of the richest people on earth based on their coin capitalization, I guess they have millions of coins stored in their hardware wallets.
Vitalik Buterin, Justin Sun, and CZ can say they are one of the richest people on earth based on their coin capitalization, I guess they have millions of coins stored in their hardware wallets.
Ofcourse, it can!
If Satoshi really owned a million bitcoins, he could become the richest man on earth in the future if Bitcoin keeps going up. Besides, there is nothing wrong in founders owning large amount of coin if it's for the good of the network and not not for selfish reasons.
You can even build a decentralized company in Crypto space and make lots of money from it without users/members getting disadvantaged as a result of your wealth. Just try as much as you can to keep large part of your wealth within your decentralized company/business and make sure the wealth is used to benefit the network while still earning you more wealth.
Who says you can't be very wealthy if you do this, and other important things not stated, right? He/she probably don't understand decentralization.
* By the way, I don't own huge amount of coins and I'm not planning to. Just writing this in response to post I found somewhere. I'm abit concerned that people will think it's true.
If Satoshi really owned a million bitcoins, he could become the richest man on earth in the future if Bitcoin keeps going up. Besides, there is nothing wrong in founders owning large amount of coin if it's for the good of the network and not not for selfish reasons.
You can even build a decentralized company in Crypto space and make lots of money from it without users/members getting disadvantaged as a result of your wealth. Just try as much as you can to keep large part of your wealth within your decentralized company/business and make sure the wealth is used to benefit the network while still earning you more wealth.
Who says you can't be very wealthy if you do this, and other important things not stated, right? He/she probably don't understand decentralization.
* By the way, I don't own huge amount of coins and I'm not planning to. Just writing this in response to post I found somewhere. I'm abit concerned that people will think it's true.
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