Do Not Blame Bitcoin, No Government Want To Make Its Citizen Millionaire

[samcrypto]

No matter how much you earn, if you don’t know how to invest and save then your income is useless. This is the best lesson I‘ve learned from my work. I’m working now and earn $10 a day and yet I still able to buy bitcoin because I want to and not because my government told me to do so. If you want to become a millionaire then never depend on your government and start working wise, also remember that not all people works from the government.

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[NavI_027]

No offense but I do not agree on the title, No government want its own citizens to be millionaire or let's say at least a decent rich? Nah, that's not true. Of course every country want their economy as best as possible. In my opinion it's not that our government doesn't want all of us to get rich, it just so happened that it was ideal and almost impossible to attain. As long as mankind has no strong unity and  greed/pride are existing then inequalities will be a constant thing in this world. The idea of "rich and poor" will remains .

[Karmakid]

All of the government want their citizen to succeed in life or better, be a millionaire. Having a millionaire in a growing economy will boost its progress even faster because the millionaires will bring more money into the circulation of cash in the economy which will result for higher accumulation of taxes and more jobs that will be created because of the opportunities that the millionaires will provide to its government and country.

[stompix]

Do you know that there are more USD in the World comparing to ZMD?

Yeah, why shouldn't be more? It's the size of the economy that matters and the usage of currency, just as there are less Moldavian lions than Canadian dollars.

The term hyperinflation is just created to manipulate the economy of a region,

Kiddo, you have obviously never experienced hyperinflation.
After the fall of the URSS most of the eastern countries have gone through a really rough time, do you know how it feels to see your saving being cut in half or even a quarter in a year?

Because US only accept USD, it does not accept any other country's currency, therefor It divide the total country wealth with the remaining asset in USD to calculate the value of that country's currency, it is where the hyperinflation come to existent.

Yeah, and Germany only accepts euros and Japan only accepts yen, only a few countries who have pegged their currency to some foreign one are dealing with it.
Second, you have no clue how the value of a currency is calculated, and if it were like you've said it will actually work as a contra argument to your claims.

Anyhow, the fact that you think the government should impose a 100$ minimum hourly wage so the price of bitcoin would go up is a clear indicator you have knowledge of how the economy works. The moment the government would impose this the next step my family would have to take is firing all the staff at our farm or jack up prices by 5-10x just to ver the expenses.

 

[andriarto]

No offense but I do not agree on the title, No government want its own citizens to be millionaire or let's say at least a decent rich? Nah, that's not true. Of course every country want their economy as best as possible. In my opinion it's not that our government doesn't want all of us to get rich, it just so happened that it was ideal and almost impossible to attain. As long as mankind has no strong unity and  greed/pride are existing then inequalities will be a constant thing in this world. The idea of "rich and poor" will remains .

the reality is like that, in developed countries there are still citizens in poverty, and it can actually help each other. the poor need the work of the rich and the rich need the services of the poor. but of course the government wants to raise the economy of its people in a prosperous state, and tax revenues are increasing

[Blackdeath]

No offense but I do not agree on the title, No government want its own citizens to be millionaire or let's say at least a decent rich? Nah, that's not true. Of course every country want their economy as best as possible. In my opinion it's not that our government doesn't want all of us to get rich, it just so happened that it was ideal and almost impossible to attain. As long as mankind has no strong unity and  greed/pride are existing then inequalities will be a constant thing in this world. The idea of "rich and poor" will remains .

the reality is like that, in developed countries there are still citizens in poverty, and it can actually help each other. the poor need the work of the rich and the rich need the services of the poor. but of course the government wants to raise the economy of its people in a prosperous state, and tax revenues are increasing

Every government always wanted to have a balance economy. It is really impossible for every citizen in a country to become a millionaire because the economy of a country will crash and no one is actually rich if that happens everyone will sees each other an average person. The poor needs the rich, and the rich needs the poor and that makes the economy balance.

[Polar91]

All of the government want their citizen to succeed in life or better, be a millionaire. Having a millionaire in a growing economy will boost its progress even faster because the millionaires will bring more money into the circulation of cash in the economy which will result for higher accumulation of taxes and more jobs that will be created because of the opportunities that the millionaires will provide to its government and country.

This is quite the opposite of the reality, because in some countries, there are government that has their flaws for becoming a government with corrupt leaders, basically, instead of making their people benefits from lots of project they could possibly conduct, they chose to take away portions of taxes given by the people. So with this, instead of blaming bitcoin, why not consider it as the factor to escape corruption instead? In the near future, with decentralization, true wealth from hardworking people will be seen.

[airdnasxela]

But are you sure that the citizen's wage are going to be invested in cryptocurrency? And wages doesn't work just like that. It's not the government who is responsible for people being rich!! We make our own ways to be rich if we want to. Wages are different based on their knowledge and skills. People were being paid for the job they have done. Most of the bigger salary are to those who were being paid for their skills. Government can't just increase all wages if it doesn't fit for their work.

[panganib999]

I hate this, even programmers are forced to work in less budget. When dollars and other currencies are free to be printed and their value will not be reduced even if they are printed a lot more, then which ant is enforcing and stopping the governments to force their employees to work in a low budget?

They are free yes, but that doesn't meant that they should be printed freely. As someone who doesn't work there, sure you may think of it as easily as printing literally anything out of a printer. But, the market isn't just paper being transferred from one hand to another, its about trading from one hand to another. Its about setting a price for a commodity, one of which everyone accepts. One of which, a white collar worker would be able to afford easily.

See, wages were never meant to be an investment. Savings were. Wages were meant for humans to split apart, one of which is used for everyday expenses, and the other is split into various parts depending on the guy/girl themselves. If they invest it, sure feel free. Investment is an option, not a requirement.

[doomistake]

Wages is not a reason why people should limit his potential on being successful, as well as his job, it doesn't matter, it is all about how you manage your money and how you will make money work for you, that is the problem. Most of the percentage of the population around the globe work for money, they didn't know anything else but that because that is how they think the life works, to follow what is the majority doing, which is wrong.

If all of the people will think of a way on how they could make money in different ways, they wouldn't be employee for the rest of their life, they are going to be their own boss, and even a little wage could make a difference when you invest it on crypto, so don't underestimate it.

[target]

And then we classify which government is authoritarian and which is not.

With citizens who has tons of money to spend may have more power to govern the government. With rich citizen in the country, they can organize to take power and it happen many times in the form of insurgency. This is why government should protect itself if government has to be authoritarian they will kill.

[Maslate]

Wages is not a reason why people should limit his potential on being successful, as well as his job, it doesn't matter, it is all about how you manage your money and how you will make money work for you, that is the problem. Most of the percentage of the population around the globe work for money, they didn't know anything else but that because that is how they think the life works, to follow what is the majority doing, which is wrong.

If all of the people will think of a way on how they could make money in different ways, they wouldn't be employee for the rest of their life, they are going to be their own boss, and even a little wage could make a difference when you invest it on crypto, so don't underestimate it.

Small wages of people could still make a big difference in crypto as long as majority of the people are going to adopt and invest in crypto. But having higher amount of wage is still a great advantage because you can invest in a bigger amount and in return, you will yield a much bigger profit.

[btccashacc]

One thing that I know for sure no employe becomes a millionaire without investing. You can't be rich if you just do your work from 9 to 5 you must allocate some of your money for investing in this case is bitcoin, Well, I agree with OP that we kinda hardly even to purchase bitcoin since our salary is not enough besides that we must allocate on our spending, however, some people become millionaire by building a startup but the chance to be successful is very low.

[FanEagle]

You are forgetting that not the only people who got into bitcoin are the poor people who work to make their living, there are companies even billionaires who happen to buy bitcoin as well. Just the Winklevoss twins had something like 40k bitcoins themselves. So, there are tons of people who go into bitcoin and not live with just a minimum wage, that is already a problem of itself.

However reality is, when rich people go into bitcoin they buy it from people who used to be poor but got into bitcoin so sold to some rich fella, this becomes like "I would rather have bitcoin than fiat" to them and poor people get richer in return, the more poor people end up getting bitcoin and the more price goes up, the less rich people will be rich because buying bitcoin will cost too much.

[lixer]

Well it’s more like the government wants you to work very hard before you reach that level of becoming a millionaire. And moreover, if you invest in Bitcoin and become a millionaire overnight there is nothing wrong with it , so it’s not a crime and they are not going to punish you for that except that they will come for their tax.

There are lots of people that turned millionaires through Bitcoin and they are open about it and no one queried them on it, it’s an investment that they did, they didn’t scam or steal from anybody. If your job is not paying you enough then you should look for another job.

[sisule]

Look around your side where does have government want to support their citizen make bitcoin become legal currency payment transaction and always tries to make bitcoin become bad payment way by not allowing use bitcoin as legal currency way. If government hear what citizen want with bitcoin become legal payment way I think many countries can increase their economic way with bitcoin investment.

[ashmodeus]

Maybe it's more like the government are afraid of their citizen could hide their money into cryptocurrency and they have the potential for hiding text, and also the government could not able to control people's wealth and it will be a threat for them

well, that sounds very classic to happen.
also, for nowadays, i don't think cryptocurrency assets more valuable or even more stronger than real assets such as property and land certificate.not even for digital mutual funds.the point,i don't think cryptocurrency is a good place for hiding a money.

[mindrust]

No offense but I do not agree on the title, No government want its own citizens to be millionaire or let's say at least a decent rich? Nah, that's not true. Of course every country want their economy as best as possible. In my opinion it's not that our government doesn't want all of us to get rich, it just so happened that it was ideal and almost impossible to attain. As long as mankind has no strong unity and  greed/pride are existing then inequalities will be a constant thing in this world. The idea of "rich and poor" will remains .

It makes sense actually.

I partly agree with the OP. He is onto something but he is blaming the wrong people.

Governments don't want too many rich people because humans are lazy. It is our nature.

Most people work because, they have to work. They have no other choice. Being poor is the only motivation here to make people work.

Ask yourself, would you work if you were rich? 95 out of 100, people will answer this "No."

Now you see why there HAS to be poor people. To feed the rich.

...

Investing in bitcoin is a whole different story though. Some of us were poor for so long. We couldn't even imagine of being rich one day. I was always afraid of investing in something especially the risky stuff because I was afraid of losing my hard earned cash. (my little potatoes)

You know who gets rich? The brave and the smart.

[dunfida]

No offense but I do not agree on the title, No government want its own citizens to be millionaire or let's say at least a decent rich? Nah, that's not true. Of course every country want their economy as best as possible. In my opinion it's not that our government doesn't want all of us to get rich, it just so happened that it was ideal and almost impossible to attain. As long as mankind has no strong unity and  greed/pride are existing then inequalities will be a constant thing in this world. The idea of "rich and poor" will remains .

It makes sense actually.

I partly agree with the OP. He is onto something but he is blaming the wrong people.

Governments don't want too many rich people because humans are lazy. It is our nature.

Most people work because, they have to work. They have no other choice. Being poor is the only motivation here to make people work.

Ask yourself, would you work if you were rich? 95 out of 100, people will answer this "No."

Now you see why there HAS to be poor people. To feed the rich.

...

Investing in bitcoin is a whole different story though. Some of us were poor for so long. We couldn't even imagine of being rich one day. I was always afraid of investing in something especially the risky stuff because I was afraid of losing my hard earned cash. (my little potatoes)

You know who gets rich? The brave and the smart.

Thats what reality is where theres rich people and poor people which theres no equality when it comes to status in life.
The thing here is that blaming government just because you are poor doesnt seem right.They have nothing to do
on what you are into in regards to your job if we do earn less or bigger.There are poor people who do know how to make
things feasible by means of investment which adding up its income.Its a matter of of risk acceptance if you do plan to improve
your life.

[Theb]

If these governments want to make their people rich, they could increase their wages to upto 10 times, around $100/per hour. When wages will be high, more amount of money could be invested in Crypto.

Did you just completely ignored your high school economics and think this would make all their citizens rich? If they increased the minimum wage up to a higher level nothing would change since the people are getting a lot of money the the price of basic goods will increase as the supply of money got higher. What your proposal is basically like a careless government's solution on printing out more money to solve poverty and they completely ignored the fact that inflation is inevitable. Giving higher wages isn't the solution here to solve poverty just by providing jobs, proper education, and proper development of the country is enough for all of the people to go above of the poverty line.