Topic: I am pretty confident we are the new wealthy elite, gentlemen. - page 128. (Read 631983 times)

You mean like all the ASIC companies and the thousands of miners who got robbed blind by pre-order scams? How about the half a billion dollars in coins Empty Gox made disappear? First Pirate Savings & Trust?

The more money there is in bitcoin (i mean as the price of bitcoin goes up), the more motivations that there are for scammers to figure out ways to exploit various weaknesses in bitcoin (whether that is taking transactions off the blockchain or some other schemes to obtain the bitcoins of others).

To me, it sounds as if you are judging people to suggest that they should be happy to merely add a little bit to their comforts.

You have already granted that having a goal to work less and to have more fun are valid life goals, yet nonetheless, you add additional questions to suggest that people are striving for more.. such as to impress others.... In fact the impression of others will automatically come from the fact that a person is able to leave the rat race ... to work less and to have more fun.  What else is needed?  Two very valid goals.

Much as I want to believe that bitcoiners are the new wealthy elite, it doesn't really sink in. First, bitcoin is still on its early stage. History tells us that many fiat system were replaced by a new one, with greater value and with gold reserve to back it up. Second, bitcoin is not yet popular. Take for example in my community, Ive asked if what bitcoin is, and only 1 out of 35 knows what it is.

It probably is true lol

Most people haven't got a clue  how to be smart about money, I have many friends who live paycheck to paycheck
and if something goes wrong they need a loan to pay the rent or whatever

They're are a few financial geniuses who would prosper despite all adversity and end the year with more money than they started with but they are in the minority for sure...

from the way you put it, sounds like a p-n-i ?  while i don't agree i can say only time will tell.

Isnt the theory that if you divided up all the worlds wealth and shared it out, that it would be back in the same hands within 12 months anyway - as some people are just good with money, investing, saving, and others just blow it.

Imo this might just be a re-distribution a little, but generally the "wealth" - now bitcoin, if it moves from fiat to bitcoin - will just get readjusted and back in the hands of the finance companies - bitcoin is still so smalltime that JPMorgan could buy up all the btc liquidity single handed, for a fraction of their market cap / turnover.. and thats what will probably happen, but just spaced out over the next 5 years as more transaction in btc take place and the price rises up and confidence solidifies.

Well we can continue to dream and dream non-stop but in order to make it a reality we need to encourage adoption of bitcoin as payment currency. For now patience is virtue as things are not moving fast. We can start first by telling our family members

No, we're not. Not yet. Until we get rid of the greedy scammers and the scum. And until the greedy people stop being greedy. But that's never gonna happen.

Oh you will... Just wait. In a decade or two you may be a millionaire.
Or maybe an altcoin will overtake Bitcoin. We just have to wait.

I make around $60K a year and I consider myself rich; I have everything that I need, I can travel, buy stuff that I like, live in a nice house in a neighbourhood I'm in love with, save a decent amount and even waste money from time to time (especially when I'm drunk, and start buying drinks, which lead to expensive champagne...).

I'm a real advocate of the fact that money doesn't buy happiness, especially after a certain amount. Once you are comfortable, happiness comes from inside. Most people today, in this money-driven society, believe that happiness can be achieved with material things solely; the vast majority of these people will never feel they have enough.

It's not my wish to be super rich, but I'm not stupid either; I own a couple of bitcoins and I constantly work on developing skills for my career, which bring more income every year. I just think of money as one more thing. Happiness consists of multiple factors, and money is just one of them. Nothing more than that.

Nah I wasn't being judgemental at all. I meant that after having the basics and a bit more for a few extras, everyone should be happy enough. Of course a few more extras would be nice. But I think there's a tipping point where too many extras could actually work against you. That's all I was saying.

But you guys still haven't answered my question..if you want to be rich, What's your main motive? (Apart from being able to have more fun and work less)
Are you trying to impress girls? Impress colleagues? Family members? Get confirmation you're not bad at business? Which one is it?? Is it something else??

I'm not feeling wealthy or elite.

Sounds as if you are lumping too many situations together and being overly judgmental about the desires of some people.

 Every person's level of comfort will be different.  Surely with about $1million or $2million, you can generate a fairly decent passive income from that ($3k to $6k per month); however, with $5million to $10 million the passive income will be even greater ($15k to $30k per month).   Some of us could be completely happy with a passive income of $3k per month; however, I would be more content with around $6k to $10k per month - and surely, I would likely be even more content with a bit more than $10k per month. 

Some would call $10k per month rich and some would NOT, and some would call $3k per month rich - especially if gotten from passive income.

$20 million to $50million would generate about $60k to $150k of income per month, and I agree that would be much more than what a lot of people would need to be happy - however, if a person had that kind of money, I am fairly certain that s/he would be able to figure out ways to spend it in order to strive towards increasing happiness... It is also possible that in the end, the person will NOT be any more happy with $50 million than s/he would have been with $5million... in other words, there may be a point of diminishing returns, yet that point of diminishing returns is likely going to differ from person to person.

The OP is named "Anonymous" b/c apparently he was later banned from the forum.  He was NOT anonymous at the time that he originally made the OP.

I read this post on reddit a while back. Saved it to my bookmarks.

http://www.reddit.com/r/Bitcoin/comments/1bhhjg/any_bitcoin_millionaires_here_on_reddit_if_so/

Well, there can only ever be a maximum of 21,000,000 "whole bitcoins" that will ever exist.

Current population of the planet is said to be about 7,250,000,000 people.

So each human's "fair share" of bitcoin on the planet, oversimplified of course but otherwise all other things being equal -- should be about 0.00289655

This happens to equal current purchasing power in American $ fiat currency, of a little less than a $1 buck, at the moment

As to what it'll equal in the future, that's anyone's guess.

But for anyone here who owns more than this, their tiny "fair share"...?

Or even, hopefully for most of us "early adopter" folks here, IF you happen own at least a WHOLE bitcoin, or maybe TWO, or MORE...

Wheee... we're "wealthy elite!" 

Yeah, in what way are we wealthy?

Totally agree with you, that's a good wish to have. It's just when people on here talk about being a billionaire elite it really bothers me, it's a stupid wish to have, that much money would bring a lot of problems and worries, and kill any chance of real happiness and peace of mind imho.

The richer you are the more you have to worry about losing it all, it takes a lot more time to keep an eye on things, if you can't do it all you're gonna have to trust people and worry they're not stealing from you behind your back, also being rich sadly attracts people who only like you for that, it's difficult to tell who actually likes you and who are your real friends. Enough cons? Of course being poor is horrible, but there's a middle ground in between, who are probably the happiest people in this planet, why not wish for that?