"Millionaire" is a fiat-based term - page 3.

Ron~Popeil

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Quote from: Dalmar on June 05, 2014, 05:05:36 PM

Quote from: kokoarm on June 05, 2014, 04:55:37 PM

What about a 10+

If you are a 1+ you have over a coin and if btc goes to 100k being a 1+ will make you rich.

So a 10+ would be todays millionaire with btc over 100k.

The new world order won't allow a bunch of libertarian geeks to become that wealthy.

They will roll out their own version sooner or later that will actually become mainstream and push bitcoin back into irrelevance.

And the geek shall inherit the earth.

Marcopolo123

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Quote from: Dalmar on June 05, 2014, 05:05:36 PM

Quote from: kokoarm on June 05, 2014, 04:55:37 PM

What about a 10+

If you are a 1+ you have over a coin and if btc goes to 100k being a 1+ will make you rich.

So a 10+ would be todays millionaire with btc over 100k.

The new world order won't allow a bunch of libertarian geeks to become that wealthy.

They will roll out their own version sooner or later that will actually become mainstream and push bitcoin back into irrelevance.

that thought makes me depressive... Embarrassed

Dalmar

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Life is short, practice empathy in your life

Quote from: kokoarm on June 05, 2014, 04:55:37 PM

What about a 10+

If you are a 1+ you have over a coin and if btc goes to 100k being a 1+ will make you rich.

So a 10+ would be todays millionaire with btc over 100k.

The new world order won't allow a bunch of libertarian geeks to become that wealthy.

They will roll out their own version sooner or later that will actually become mainstream and push bitcoin back into irrelevance.

kokoarm

newbie

Activity: 42

Merit: 0

What about a 10+

If you are a 1+ you have over a coin and if btc goes to 100k being a 1+ will make you rich.

So a 10+ would be todays millionaire with btc over 100k.

KonstantinosM

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Life is a taxable event

Quote from: Ron~Popeil on June 05, 2014, 04:24:54 PM

Quote from: KonstantinosM on June 05, 2014, 04:17:10 PM

It's kind of weird that we're stuck with millionaire, today 1 Million dollars isn't really all that much.

To me it would be a lot but I'm smart with my finances and I don't buy useless fluff. (Not all the time at least).

1 Million dollars is like 67 years of minimum wage (which is a shitty definition of a rich person)

Or maybe 20 years of a fairer minimum wage (still not the definition of rich).

Now if you own a house and a paid off car you are above average. It is sad the way our expectations for life have been so eroded.

I don't own a car or house.

I could own a car if I wanted to but it seems like a waste of $$$ at this point.
I'll get my CDL and become a truck driver for 2-3 years and then I'll become a programmer.

Quote from: str4wm4n on June 05, 2014, 04:37:34 PM

+1 for bitcoinaire

Bitcoinaire sounds nice!

str4wm4n

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+1 for bitcoinaire

Ron~Popeil

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Quote from: KonstantinosM on June 05, 2014, 04:17:10 PM

It's kind of weird that we're stuck with millionaire, today 1 Million dollars isn't really all that much.

To me it would be a lot but I'm smart with my finances and I don't buy useless fluff. (Not all the time at least).

1 Million dollars is like 67 years of minimum wage (which is a shitty definition of a rich person)

Or maybe 20 years of a fairer minimum wage (still not the definition of rich).

Now if you own a house and a paid off car you are above average. It is sad the way our expectations for life have been so eroded.

KonstantinosM

hero member

Activity: 1492

Merit: 763

Life is a taxable event

It's kind of weird that we're stuck with millionaire, today 1 Million dollars isn't really all that much.

To me it would be a lot but I'm smart with my finances and I don't buy useless fluff. (Not all the time at least).

1 Million dollars is like 67 years of minimum wage (which is a shitty definition of a rich person)

Or maybe 20 years of a fairer minimum wage (still not the definition of rich).

greenlion

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If necessary, people would just re-invent the concept denominated in millis or micros.

Dalmar

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Life is short, practice empathy in your life

Quote from: Provably Fair Directory on June 05, 2014, 03:15:24 PM

Millionaire means nothing anymore. I have several million... pesos.

In the English language it usually refers to having a million dollars, pounds, or euros. It usually does not mean having a million in currencies with significantly deviant unit values.

Ron~Popeil

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This might be premature as others point out above but these conversations are fun. How about hodlers?

Provably Fair Directory

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Millionaire means nothing anymore. I have several million... pesos.

Cryptopher

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Keep it dense, yeah?

To be a part of the crypto community in some form makes you rich in appreciation for an alternative to fiat.

I agree with what you are saying though in that how do you measure wealth in bitcoins. It all depends what a single bitcoin can entitle you to buy right now - which isn't a lot.

BldSwtTrs

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A "bitcoinaire" is good enough since 1 BTC will be more than 1 millions $ in parity purchasing power

Dalmar

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Life is short, practice empathy in your life

Quote from: ?? on ??

What is delusional is thinking that fiat is gonna be here for over 20 years

That is very much delusional.. but I guess your teachers didn't teach you that in school huh?

Who is to say that bitcoin will be the mainstream crypto of the future? I'm not convinced that it will be the one.

Dalmar

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Life is short, practice empathy in your life

The delusion is strong in this one.

spazzdla

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Cryptoaire...? .. you must own at least 1 Bitcoiner or more to be a Cryptoaire.

scarsbergholden

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Quote from: Raystonn on June 05, 2014, 02:26:09 PM

The term millionaire is rooted in fiat. Should BTC replace fiat, 10 coins should be enough to classify as wealthy. That number can be argued. But we need a new term for someone with enough BTC that they are wealthy.

I think it's a bit premature for that, in terms of purchasing power. When BTC has large enough purchasing power to actually compare to a major currency, we can talk. But the economy is still tiny for now.

Raystonn

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The term millionaire is rooted in fiat. Should BTC replace fiat, 10 coins should be enough to classify as wealthy. That number can be argued. But we need a new term for someone with enough BTC that they are wealthy.

Topic: "Millionaire" is a fiat-based term - page 3. (Read 3543 times)