I heard it in the podcast about it being said to a billionaire and it sounded stupid. So it’s just a new put-down used by the cool kids.
I’ll add the book to my ever expanding reading list.
PS. I doubt there are any truly poor people regularly spending time on this site.
I was truly poor before Bitcoin. We lived in the ghetto and I used payday loans, maybe no one else can relate on this site... but I was still able to access ET during those times
angrytrader is poor in the same context as above and he knows it
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It's actually much deeper and complex than that
It's in the first 2 books I recommended to you, Layered Money and The Bitcoin Standard
Money is 1. Medium of exchange 2. Store of Value 3. Unit of Account
Fiat currency is good at number 1 and 3 but sucks at 2. It has lost 99% of its value in the last 100 years
Gold was the true money for thousands of years but it sucks at 1 and 3, and now is sucking big time at 2 as well, look at its price for the past 11 years
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But I'm not very good at explaining these in detail in the parameters of the forum. I recommend reading the 2 books to be fully enlightened
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If someone is considered rich but do not own Bitcoin, then what they own are debt-based wealth that can be confiscated and/or debased
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Imagine you were a millionaire in Argentina 20 years ago when 1 Argentine Peso was worth a small amount of USD. Today you are poor
Let's transport that person to Lebanon or Turkey or Venezuela or ...
How about the Russian billionaire oligarch's their wealth and properties and bank accounts got confiscated overnight? They are probably ok, but the Russian millionaires are not doing so well
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So, if you do not own Bitcoin, money that you can truly own, then we consider you as poor, hence "Have Fun Staying Poor"