I never really considered the illusion of wealth that much because crypto itself is just an investment. I understand that I should only invest what I can afford to lose and it's not like I have given up my normal job going on. So I am fine enough to be sound and it's not like I splurge or show off my money. So I don't really think I have lost any friends due to being too rich.
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Thats the problem, the illusion of riches is the problem, until crypto become hard cash, prone to inflation and in one's bank account I don't think its should be considered wealth and enough parameter to call a person wealthy.
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I have to agree with that. Until we reach the point where fiat isn't the main way to live in the normal society, I wouldn't consider crypto as hard cash.
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Exactly, fiat still rules when it comes to acceptance, recognition and exchange, although i believe crypto will will still get to this point. For now, I believe we still have to treat crypto with caution.
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