Robert Kiyosaki, a best-selling author and seasoned investor, has a distinct philosophy on debt and investment. In a Nov. 30 Instagram reel, Kiyosaki elaborated on his debt philosophy, highlighting a critical distinction between assets and liabilities. He said many people use debt to buy liabilities, while he uses debt to purchase assets. To illustrate his approach, Kiyosaki said his luxury vehicles, like a Ferrari and a Rolls Royce, are fully paid off, categorizing them as liabilities rather th
  • macrocephalic@lemmy.world
    11·
    11 months ago

    Doesn’t believe in fiat currencies because they’re not real, but is all in on Bitcoin.

    Old man going senile.

          • Inucune@lemmy.world
            31·
            11 months ago

            I can just sell all my btc, start a new one(lemmicoin? Smuckbucks?), and start the grift over again.the first guy out the door as London bridge falls makes the most.

          • NotMyOldRedditName@lemmy.world
            1·
            11 months ago

            For others…

            If there are a maximum of 3000 coins and 2999 have been minted, and then instead of minting the last one, you mint 0.00000001

            The total is still less than 3000. It’s 2999.00000001

            You didn’t dilute the 3000 total, there isn’t 3000.00000001

            This would require a hard fork to implement in Bitcoin, but it would follow the rules of never having more than 21 million coins.

            For this to even be worth considering, BTC would have to have immense value to make altering the final halving worthwhile.

              • NotMyOldRedditName@lemmy.world
                1·
                11 months ago

                Some might not understand that, but I think OP was talking about the 21 million limit not being a limit as I described. You said its limited, he said its infinitely divisible. The only way its infinite is if its hard forked as I described, otherwise there’s a hard limit of no division smaller than 1 Satoshi.

      • stoly@lemmy.world
        25·
        11 months ago

        You may have those reversed. BTC has a computational limit but countries can print as many bills as they like.

          • SCB@lemmy.world
            11·
            11 months ago

            There’s no cap to how much USD can be made, so noatter how much you have saved, it can be diluted down to nothing with enough time

            This is a good thing, for many reasons.