Wealth is business activity that leads to economic output. It is not just the accumulation of money. Many confuse the two.
A very great definition of wealth in my opinion.
It just makes me feel that if you don't produce something you can't be wealhy
As it applies for crypto currency, it also applies to individuals.
As an individual, if you don't produce a product or service, you can't accumulate wealth.
I really look forward to see crypto have that much value based on what it has to offer and not speculation.
For example, imagine if running ads on Facebook requires a crypto currency, you will notice that people will be attracted to holding the coin.
Great post
Individuals can generate wealth by investing and taking the profits and putting into wealth building assets. This would not be possible without the builders but we have the ability to latch onto their efforts.
The more we step back, the more this definition. If a country doesnt produce anything it is not likely to get very far. I believe the same is true for a blockchain network. That is why we have to build on Hive.
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I totally agree