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Title: "Millionaire" is a fiat-based term Post by: Raystonn on June 05, 2014, 07:26:09 PM 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.
Title: Re: "Millionaire" is a fiat-based term Post by: scarsbergholden on June 05, 2014, 07:28:48 PM 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. I think it's a bit premature for that, in terms of purchasing power. When BTC has large enough purchasing power to actually compare to a major currency, we can talk. But the economy is still tiny for now. Title: Re: "Millionaire" is a fiat-based term Post by: spazzdla on June 05, 2014, 07:33:34 PM Cryptoaire...? .. you must own at least 1 Bitcoiner or more to be a Cryptoaire.
Title: Re: "Millionaire" is a fiat-based term Post by: Dalmar on June 05, 2014, 07:33:39 PM The delusion is strong in this one.
Title: Re: "Millionaire" is a fiat-based term Post by: Dalmar on June 05, 2014, 07:47:40 PM What is delusional is thinking that fiat is gonna be here for over 20 years That is very much delusional.. but I guess your teachers didn't teach you that in school huh? Who is to say that bitcoin will be the mainstream crypto of the future? I'm not convinced that it will be the one. Title: Re: "Millionaire" is a fiat-based term Post by: BldSwtTrs on June 05, 2014, 07:50:27 PM A "bitcoinaire" is good enough since 1 BTC will be more than 1 millions $ in parity purchasing power :)
Title: Re: "Millionaire" is a fiat-based term Post by: Cryptopher on June 05, 2014, 08:00:53 PM To be a part of the crypto community in some form makes you rich in appreciation for an alternative to fiat.
I agree with what you are saying though in that how do you measure wealth in bitcoins. It all depends what a single bitcoin can entitle you to buy right now - which isn't a lot. Title: Re: "Millionaire" is a fiat-based term Post by: Provably Fair Directory on June 05, 2014, 08:15:24 PM Millionaire means nothing anymore. I have several million... pesos. :)
Title: Re: "Millionaire" is a fiat-based term Post by: Ron~Popeil on June 05, 2014, 08:38:12 PM This might be premature as others point out above but these conversations are fun. How about hodlers?
Title: Re: "Millionaire" is a fiat-based term Post by: Dalmar on June 05, 2014, 08:41:08 PM Millionaire means nothing anymore. I have several million... pesos. :) In the English language it usually refers to having a million dollars, pounds, or euros. It usually does not mean having a million in currencies with significantly deviant unit values. Title: Re: "Millionaire" is a fiat-based term Post by: greenlion on June 05, 2014, 08:52:17 PM If necessary, people would just re-invent the concept denominated in millis or micros.
Title: Re: "Millionaire" is a fiat-based term Post by: KonstantinosM on June 05, 2014, 09:17:10 PM It's kind of weird that we're stuck with millionaire, today 1 Million dollars isn't really all that much.
To me it would be a lot but I'm smart with my finances and I don't buy useless fluff. (Not all the time at least). 1 Million dollars is like 67 years of minimum wage (which is a shitty definition of a rich person) Or maybe 20 years of a fairer minimum wage (still not the definition of rich). Title: Re: "Millionaire" is a fiat-based term Post by: Ron~Popeil on June 05, 2014, 09:24:54 PM It's kind of weird that we're stuck with millionaire, today 1 Million dollars isn't really all that much. To me it would be a lot but I'm smart with my finances and I don't buy useless fluff. (Not all the time at least). 1 Million dollars is like 67 years of minimum wage (which is a shitty definition of a rich person) Or maybe 20 years of a fairer minimum wage (still not the definition of rich). Now if you own a house and a paid off car you are above average. It is sad the way our expectations for life have been so eroded. Title: Re: "Millionaire" is a fiat-based term Post by: str4wm4n on June 05, 2014, 09:37:34 PM +1 for bitcoinaire
Title: Re: "Millionaire" is a fiat-based term Post by: KonstantinosM on June 05, 2014, 09:43:28 PM It's kind of weird that we're stuck with millionaire, today 1 Million dollars isn't really all that much. To me it would be a lot but I'm smart with my finances and I don't buy useless fluff. (Not all the time at least). 1 Million dollars is like 67 years of minimum wage (which is a shitty definition of a rich person) Or maybe 20 years of a fairer minimum wage (still not the definition of rich). Now if you own a house and a paid off car you are above average. It is sad the way our expectations for life have been so eroded. I don't own a car or house. I could own a car if I wanted to but it seems like a waste of $$$ at this point. I'll get my CDL and become a truck driver for 2-3 years and then I'll become a programmer. +1 for bitcoinaire Bitcoinaire sounds nice! Title: Re: "Millionaire" is a fiat-based term Post by: kokoarm on June 05, 2014, 09:55:37 PM What about a 10+
If you are a 1+ you have over a coin and if btc goes to 100k being a 1+ will make you rich. So a 10+ would be todays millionaire with btc over 100k. Title: Re: "Millionaire" is a fiat-based term Post by: Dalmar on June 05, 2014, 10:05:36 PM What about a 10+ If you are a 1+ you have over a coin and if btc goes to 100k being a 1+ will make you rich. So a 10+ would be todays millionaire with btc over 100k. The new world order won't allow a bunch of libertarian geeks to become that wealthy. They will roll out their own version sooner or later that will actually become mainstream and push bitcoin back into irrelevance. Title: Re: "Millionaire" is a fiat-based term Post by: Marcopolo123 on June 05, 2014, 10:12:13 PM What about a 10+ If you are a 1+ you have over a coin and if btc goes to 100k being a 1+ will make you rich. So a 10+ would be todays millionaire with btc over 100k. The new world order won't allow a bunch of libertarian geeks to become that wealthy. They will roll out their own version sooner or later that will actually become mainstream and push bitcoin back into irrelevance. that thought makes me depressive... :-[ Title: Re: "Millionaire" is a fiat-based term Post by: Ron~Popeil on June 05, 2014, 10:20:49 PM What about a 10+ If you are a 1+ you have over a coin and if btc goes to 100k being a 1+ will make you rich. So a 10+ would be todays millionaire with btc over 100k. The new world order won't allow a bunch of libertarian geeks to become that wealthy. They will roll out their own version sooner or later that will actually become mainstream and push bitcoin back into irrelevance. And the geek shall inherit the earth. Title: Re: "Millionaire" is a fiat-based term Post by: Cancan on June 05, 2014, 10:26:50 PM A "bitcoinaire" is good enough since 1 BTC will be more than 1 millions $ in parity purchasing power :) Bitcoinaire sounds really awesome! But, getting back to OP, in some countries, depending on the buying power of it's currency, you need to be a 'billionaire' in order to be wealthy. It's all relative to what you can buy with a certain amount of monetary units. Title: Re: "Millionaire" is a fiat-based term Post by: BillyBobJoe on June 06, 2014, 12:08:19 AM It's kind of weird that we're stuck with millionaire, today 1 Million dollars isn't really all that much. To me it would be a lot but I'm smart with my finances and I don't buy useless fluff. (Not all the time at least). 1 Million dollars is like 67 years of minimum wage (which is a shitty definition of a rich person) Or maybe 20 years of a fairer minimum wage (still not the definition of rich). What is weird is some things people post on the internet. Here try comprehending this, a definition: "A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency." It has nothing to do with earning a million dollars. You can earn much more than minimum wage and never be a millionaire. Title: Re: "Millionaire" is a fiat-based term Post by: RenegadeMind on June 06, 2014, 05:44:35 AM Cryptoaire...? .. you must own at least 1 Bitcoiner or more to be a Cryptoaire. It doesn't really roll off the tongue very well. Perhaps "cryptillionaire"? +1 for bitcoinaire As above, it doesn't sound very smooth. Similarly, "bitillionaire" rolls off a bit smoother. Title: Re: "Millionaire" is a fiat-based term Post by: ShakyhandsBTCer on June 13, 2014, 12:40:19 AM Millionaire means nothing anymore. I have several million... pesos. :) I millionaire is generally referred to someone who has one million US dollars. The US dollar is used because it is the most widely accepted and used currency in the world. Title: Re: "Millionaire" is a fiat-based term Post by: Beliathon on June 13, 2014, 01:47:13 AM -aire is a feudalism-based suffix referring to inheritance, as in "the heir to the throne". Remind me again why we tolerate this neo-feudalistic bullshit in 2014? Oh right, the cult called capitalism and its pseudo-scientific little sister, economics.
Title: Re: "Millionaire" is a fiat-based term Post by: JonBosco on June 13, 2014, 02:20:39 AM This is futile. It will be "bitcoin-mil/bill/trill-ionaire" until the USD/EURO/GBP go the way of the DoDo. The media and people of the general public will continue to use fiat as a barometer of wealth.
Possibly the new generation (kids who are under 4 now) will come up with another term. Title: Re: "Millionaire" is a fiat-based term Post by: Bizmark13 on June 13, 2014, 08:38:15 AM 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. Title: Re: "Millionaire" is a fiat-based term Post by: ljudotina on June 13, 2014, 08:40:23 AM Millionaire means crap. Our whole country were millionair not so long ago. My dad used to get 20mil / month...imagine that! And we barely had enough money for basics for whole month.
Title: Re: "Millionaire" is a fiat-based term Post by: Ninietz on June 13, 2014, 08:47:45 AM just: "Air" or "Aire"
Title: Re: "Millionaire" is a fiat-based term Post by: ajareselde on June 13, 2014, 10:39:29 AM its funny to see you strugle with those terms so optimisticly, thinking you will be one in near future.
anyways, soon enough , the term in bitcoin might be considered when a person is in the top 1 000 000 highest wallet amount, not poining to exact number. Title: Re: "Millionaire" is a fiat-based term Post by: kryptomena on March 22, 2015, 08:02:15 PM Bitcoinaire sounds the same as bitcoiner. A lot of confusion between a guy who owns a lot of bitcoins/crypto (bitcoinaire) with somebody who is just interested in bitcoins (bitcoiner).
Cryptillionaire works for me. Btw. the domain (cryptillionaire.com) + twitter (@cryptillionaire) + gmail ( with the same name is for sale, so, if you are one of the future cryptillionaires or just want to create a "Who wants to be a millionaire" android and ios app clone called Cryptillionaire, let me know ;) Title: Re: "Millionaire" is a fiat-based term Post by: R2D221 on March 23, 2015, 12:04:00 AM Millionaire means nothing anymore. I have several million... pesos. :) Which kind of pesos? Several million Mexican pesos is still a fucking lot of money. Title: Re: "Millionaire" is a fiat-based term Post by: tspacepilot on March 23, 2015, 12:15:50 AM Millionaire means nothing anymore. I have several million... pesos. :) Which kind of pesos? Several million Mexican pesos is still a fucking lot of money. Of course, as you imply, many countries use a peso and as far as I know, mexican pesos are among the more valuable of the lot. Title: Re: "Millionaire" is a fiat-based term Post by: calme on March 23, 2015, 01:02:22 AM "bitillionaire" It also doesn't sound like "bitcoiner" like "bitcoinaire" doesi guess we'll have to see what the standard denomination will be i.e. bits, mBTC, etc. counting 1m as the benchmark for success might need to get left in 20th century, since we have crypto and more fiat inflation now. using 1m just pays homage to fiat. Title: Re: "Millionaire" is a fiat-based term Post by: johnyj on March 23, 2015, 03:29:33 AM You simply call them "Top 1000" ;D
I think "miner" or "farmer" are hard core names Title: Re: "Millionaire" is a fiat-based term Post by: bitllionaire on March 23, 2015, 03:50:55 AM how about my nickname? ;D ;D
bitllionaire sounds cool, but I don't know to which amount would correspond Title: Re: "Millionaire" is a fiat-based term Post by: futureofbitcoin on March 23, 2015, 03:54:28 AM Actually I have 2 really revoluationary terms. Get really to have your socks knocked off:
How about.... Rich person or Wealthy person? Title: Re: "Millionaire" is a fiat-based term Post by: ajareselde on March 23, 2015, 04:08:57 AM why not make it 1 million satoshis for new age millionare, satoshionaire, but that would mean that 1 sat should be equivalent of 1$, so 1Bitcoin would be a million fiat usd..
how about my nickname? ;D ;D bitllionaire sounds cool, but I don't know to which amount would correspond that could work too, maybe with an "m" added, bitmillionaire cheers Title: Re: "Millionaire" is a fiat-based term Post by: calme on March 23, 2015, 04:12:31 AM You simply call them "Top 1000" ;D I think "miner" or "farmer" are hard core names i wonder how many btc one would need to be considered t-1000 anyway. it's a great name but ppl wouldn't honestly know if they are considered that or not, unless it's based on addresses. http://static.comicvine.com/uploads/original/1/13927/324489-73342-t-1000.jpg you know the world is changing when girls want to fuck you when they find out you're a farmer Title: Re: "Millionaire" is a fiat-based term Post by: countryfree on March 23, 2015, 11:34:20 AM Millionaires are losers anyway. I'm a billionaire! I own more than one billion satoshis.
Title: Re: "Millionaire" is a fiat-based term Post by: CoinRocka on March 23, 2015, 11:41:26 AM "Left Decimaler" 8)
Title: Re: "Millionaire" is a fiat-based term Post by: Q7 on March 23, 2015, 11:50:55 AM Gee.. that was tough. I tried cracking my head to find a good word and the best I could come up with is bitillionaire but that sounds really awful to pronounce. I agree the word millionaire should be confined to fiat system and we really really need our very own bitcoin terms because for someone to own let's say 1000 btc, that is already considered rich.
Title: Re: "Millionaire" is a fiat-based term Post by: asuryan180 on March 23, 2015, 11:57:48 AM 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. It is a fiat term to own 1million of any fiat currency but being one in one does not mean you are in another does it. I think 10coins just means you are testing the waters not that you are wealthy by any stretch of the imagination. The term for someone who has a very large stack of Bitcoins is whale and i like that name for the wealthy who hold a lot it make sense the one thing we need to work out is how much Bitcoin someone needs to be a whale? 1000-10,000-100,000 Title: Re: "Millionaire" is a fiat-based term Post by: pitham1 on March 23, 2015, 12:39:02 PM Being a millionaire was something to be proud about at one point of time.
The way dollar has lost value over the years, there are umpteen millionaires now. That said, "millionaire" indicates a person holding a certain amount of wealth, and not necessarily fiat. So it should suit Bitcoin as well. Title: Re: "Millionaire" is a fiat-based term Post by: ChuckBuck on March 23, 2015, 04:48:14 PM Forget fiat Millionaire, I want to be a Bitcoin Billionaire!!!
http://www.noodlecake.com/blog/wp-content/uploads/2014/10/bbwidebannerTAfirums.png Realistically will probably never happen to me, but that game is highly addictive and funny! Title: Re: "Millionaire" is a fiat-based term Post by: CrackedLogic on March 23, 2015, 05:06:59 PM Forget fiat Millionaire, I want to be a Bitcoin Billionaire!!! http://www.noodlecake.com/blog/wp-content/uploads/2014/10/bbwidebannerTAfirums.png Realistically will probably never happen to me, but that game is highly addictive and funny! Remember to have your smartphone's or tablet's charger plugged in when playing the game, you're going to need it. Regarding the Fiat-based term, the OP is right. With the volatile price we can't call one in the bitcoin industry to be a millionaire. We shouldn't look at bitcoin according to it's fiat based value. We should look at it as a bitcoin. Bitcoin = Bitcoin. Nothing less. Also since everybody here always makes a new term relating to bitcoin starting with a "b" or a "bit", why not just replace the "M" in millionaire with a "B" or a "BTC"? It's optimistic. Title: Re: "Millionaire" is a fiat-based term Post by: readysalted89 on March 23, 2015, 06:08:13 PM Being a millionaire was something to be proud about at one point of time. The way dollar has lost value over the years, there are umpteen millionaires now. That said, "millionaire" indicates a person holding a certain amount of wealth, and not necessarily fiat. So it should suit Bitcoin as well. You would need £30 to $50 million to live the lifestyle a millionaire had a few decades ago. A 4/5 bedroom house in an expensive area can easily cost a million today. A few decades ago you could have brought a mansion for that. Title: Re: "Millionaire" is a fiat-based term Post by: futureofbitcoin on March 23, 2015, 06:28:50 PM Being a millionaire was something to be proud about at one point of time. The way dollar has lost value over the years, there are umpteen millionaires now. That said, "millionaire" indicates a person holding a certain amount of wealth, and not necessarily fiat. So it should suit Bitcoin as well. You would need £30 to $50 million to live the lifestyle a millionaire had a few decades ago. A 4/5 bedroom house in an expensive area can easily cost a million today. A few decades ago you could have brought a mansion for that. 1 million will not buy you a very nice private island. You guys overestimate the term "millionaire". It's no longer what it was in 1950. I would say to live a "typical" "millionaire lifestyle" you probably need at the very least 30-50 million dollars. There aren't that many 30-million bitcoiners, and even those who really are the really early adopters that have 100k+ bitcoins, it's simply not liquid enough to afford them that kind of a lifestyle. At most they can buy a pretty nice house/apartment in a major city and retire, likely they'll still be interested in bitcoin's progress. You could've quoted me :D Title: Re: "Millionaire" is a fiat-based term Post by: manselr on March 23, 2015, 06:33:36 PM Once BTC replaces all VISA, MASTERCARD, etc electronic payment methods and the market cap is on the trillions, 1 BTC will be considered as wealthy. There are only 21 million Bitcoins ever, lots have been lost forever, you do the math.
Title: Re: "Millionaire" is a fiat-based term Post by: Bobblehead Pete on March 25, 2015, 03:14:23 AM 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. Is that a bitcoin millionaire? Anyone you know has a 1,000,000 BTC? Title: Re: "Millionaire" is a fiat-based term Post by: calme on March 25, 2015, 03:24:24 AM why not just replace the "M" in millionaire with a "B" or a "BTC"? It's optimistic. it's also fucking BTCrilliant. If I'm following you anyway. That is, instead of having the "BTC" symbol represent a certain amount such as "billion," but simply represent the BTC currency, then anyone holding BTC would be a BTCillionaire and could tell girls about it outloud since it sounds the same.Title: Re: "Millionaire" is a fiat-based term Post by: tokeweed on March 25, 2015, 04:07:55 AM 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. lol. That makes you sound like a bitter lo... http://www.eyeonwindows.com/wp-content/uploads/2012/06/Google-biggest-loser.jpg So what if they're millionaires. Title: Re: "Millionaire" is a fiat-based term Post by: mistercoin on March 25, 2015, 01:23:52 PM It originated in FIAT terms, but has evolved to encase a variety of meanings.
Title: Re: "Millionaire" is a fiat-based term Post by: Beliathon on March 25, 2015, 01:50:11 PM Each new millionaire the world generates is hoisted up on the backs of a thousand wage slaves. We don't need more of them.
Title: Re: "Millionaire" is a fiat-based term Post by: Snail2 on March 25, 2015, 02:56:44 PM Each new millionaire the world generates is hoisted up on the backs of a thousand wage slaves. We don't need more of them. What are you going to do if BTC hits "da moon" and on a nice morning you wake up as one of the dreaded millionaires :)? Title: Re: "Millionaire" is a fiat-based term Post by: BitcoinPenny on March 25, 2015, 03:04:56 PM Cryptillionaire works for me.
[/quote] I like that one. ;D Me Title: Re: "Millionaire" is a fiat-based term Post by: BillyBobZorton on March 25, 2015, 04:39:19 PM 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. Is that a bitcoin millionaire? Anyone you know has a 1,000,000 BTC? Title: Re: "Millionaire" is a fiat-based term Post by: fox19891989 on March 26, 2015, 04:11:03 AM I have some new words derived from millionaire in crypto land.
bitllionaire: who has 1 billion satoshis, it's 0.00000001 * 1000000000 = 10BTC satoshillionaire: who has million satoshits, it's 0.00000001 * 1000000 = 0.01BTC So are you a bitllionaire or satoshillionaire? :D :D ;D ;D ;D Title: Re: "Millionaire" is a fiat-based term Post by: R2D221 on March 26, 2015, 04:23:24 AM Those are tongue-twisters for me :S
Title: Re: "Millionaire" is a fiat-based term Post by: luckyluigi on March 26, 2015, 06:42:12 AM I don't think we have to worry about this just yet...
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