Post
Topic
Board Bitcoin Discussion
Re: "Millionaire" is a fiat-based term
by
asuryan180
on 23/03/2015, 11:57:48 UTC
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.

It is a fiat term to own 1million of any fiat currency but being one in one does not mean you are in another does it. I think 10coins just means you are testing the waters not that you are wealthy by any stretch of the imagination.

The term for someone who has a very large stack of Bitcoins is whale and i like that name for the wealthy who hold a lot it make sense the one thing we need to work out is how much Bitcoin someone needs to be a whale?  1000-10,000-100,000