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Everyone is out here trying to reduce the billionaire population to 0... meanwhile im out here trying to increase it to 100%
correct, quinn
freemo: "billionaire population[..]im out here trying to increase it to 100%"
we had this experiment already a couple of times. it's called #hyperinflation.
https://mastodon.satoshishop.de/@mk/109867207374513120
That only occurse when it happens through increasing the money supply and distributing it.
When the value comes from the generation of wealth (such as from running a business) then no reason to expect it would result in hyper inflation.
@freemo @icedquinn @realcaseyrollins
and here we go again...
please define the word "wealth" for me.
do you still believe in this one?
The production of things that have utility to the population. Its not a terribly hard thing really even though it can get quite complicated if your trying to map out real world models. But the idea of "what is wealth" I think isnt too hard for most to understand honestly.
@freemo @icedquinn @realcaseyrollins
"is about how to quantify wealth"
the link i posted was the answer to me question:
"whats your definition of wealth?"
..check out me toot about yours..
yes, and earlier in the thread during the line of questioning i said ...
> Money is part of the conversation, but money is not wealth.. first you need to understand how wealth is generated and what it even means. Then we can tie it back into money
So i made quite clear the intent was to tie it back to money, and thus needs to be quantified for that line of conversation.
Here we arent trying to talk about how we measure that wealth in dollars and cents. So thankfully for the moment there is no need to go into the level of complexity we did in our last conversation.
@freemo @icedquinn @realcaseyrollins
"But the idea of "what is wealth" I think isnt too hard for most to understand honestly."
no. it's just hard to get your answer when you surround it with this much bullshit.
"[bullshit] Well the best way to think of it is the worth of everything you have [bullshit]"
Yes when the extra details and full complexity comes out it can be harder to answer sure. It is afterall a complex system economics.
@mk
By the way the link to what i said that you linked.. that is about how to quantify wealth (how to attached a number to it)... that **is** a very complicated issue. But simply understand wealth for this concept... as in, what does the word mean and what do i mean in how I'm using it... since we arent trying to quantify it but rather just explain it, it is a much easier concept.
@icedquinn @realcaseyrollins