Post
Topic
Board Bitcoin Discussion
Re: "Millionaire" is a fiat-based term
by
Bizmark13
on 13/06/2014, 08:38:15 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.


Should BTC replace fiat entirely, 1 coin should be enough to classify as wealthy.

Should BTC "only" reach the market cap of gold, 3 coins should still be enough to classify as wealthy.

Assuming wealthy = $1,000,000 in 2014 or top 7% of American society or top 1% of the world.

One day I hope to become a bitcoinaire.