1 Dollar equals 1 dollar and 1 bitcoin equals one bitcoin.
So money is purchasing power?
But how many dollars equal 1 bitcoin?
That changes every single week.
And how many dollars does it take to buy an acre of land. Changes every single week.
Then you have the other factors that determine how much money it costs. Every bitcoin is the same but every acre of land is different. Depends on where it is, what's beside it, the quality of the land, the future potential of the land.
Money does give you purchasing power but that fluctuates and isn't a reliable answer.
A man with 1M dollars would have been very rich at one time. Now it's a necessity to be middle class.
A man with 1000 bitcoin could only buy a pizza not so long ago. Now they could buy an island. Value changes over time.
So money can buy things but money sitting there just loses value.
The real value of money is opportunity.
If you have enough money, then you almost unlimited opportunity.
Opportunities are limited by how much money that you have.
Man united are up for sale at the moment. A rare opportunity but there are only a few select people with enough money to take it.
Want to meet a certain celebrity or president. With enough money you can make it happen.
Almost everything in this world has a price on it. Almost every item and almost every experience can be bought with enough money.
Want to kill a man and get away with it? They were rumored to do this in certain war torn countries.
Want to build your own country. There are lots of ways to do this with enough money. From hiring a private army to take one over, buying a government and manipulating the whole thing from above or buying enough land to break away and form you own economy and government.
It always comes back to money.
If I had enough money I could pump hive to $10 and manipulate it every day. Market it to the world and bring in millions of users. Hire development teams to build a suite of apps that could outperform any competition.
The richest 10% of the population now takes 52% of global income and the poorest half just 8%, it said.
Every opportunity that i could wish for if I had enough money.
It opens doors, presents more earning avenues and gives you freedom of choice.
Sure you can buy things but if you scale that up you can buy more money.
Now I don't need that kind of money even if I would make a great dictator of a small nation. Just saying.
Most of us don't but that only open the question of where our line is. How much money do we need to have the opportunities that we would like?
That is the true value of having money.