Post
Topic
Board Bitcoin Discussion
Re: "Millionaire" is a fiat-based term
by
scarsbergholden
on 05/06/2014, 19:28:48 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.


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.