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What does that mean ? Most wealth is in the cloud, you don’t need Bitcoin for this. I don’t have any paper stock certificates.
by vasilipupkin 3y ago
What does that mean ? Most wealth is in the cloud, you don’t need Bitcoin for this. I don’t have any paper stock certificates.
- rafaelero 3y agoNot really. Most wealth is based on physical stuff like houses, factories and offices.
- TimJRobinson 3y agoAnd yet if you were to visit Iran and attempt to access that wealth you'd quickly discover how little of that wealth is actually yours. It's not just that it's in the cloud, it's the only form of wealth you can keep digitally AND only you have access and control over it. Maybe that's fine because you're a good citizen who follows the rules, but some people are born into places where they don't get the privilege of a fair financial system, or the system changes on them.
- vasilipupkin 3y agoBut all this is circular logic. You can’t say something is valuable because it’s digital. Why is it wealth in the first place is the question. Wealth is something that represents concrete value.