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11 sats \ 1 reply \ @DeltaClimbs 18 Oct 2023 \ on: Free time + health =/= being rich meta
Yep... wealth is related to power and actual changes made by a human agent, as opposed to a thoughtless parasite like Chamath who may become a billionaire, but is actually poor. By this metric, most billionaires are rather poor for they are incapable of actually putting "dents in the universe". They are simply along for the collectivist ride.
On a sound money standard, this aberration reverses and those who actually do things that shift and accelerate the course of human civilization accumulate the wealth in a virtuous cycle of ever-increasing productivity. Most people are emotionally incapable of fathoming just how great the world will be on the bitcoin standard, because they are not part of the critical path of life that has had the most lost upside. The 1000x technologies that are slowed to 10x.
Perhaps we could say that a great many people feel financially poor, billionaires included, and this is largely due to the non-ergodicity of a portfolio vs the total market that all are subject to without sound money. People who feel poor struggle to have values with which they can build healthy lives around, and ironically, are incapable of investing boldly and making real financial returns. Lots of billionaires gonna get rekt on the bitcoin standard when they find out what real competition is like in a free market.
most billionaires are rather poor for they are incapable of actually putting "dents in the universe". They are simply along for the collectivist ride.
brutal lol
I appreciate your optimism :^)
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