Hello everyone, I am Lao Xu, who is beautiful and has a sweet voice.
What is wealth?
Whether you are barefoot or wearing shoes, everyone can say a few words.
Generally speaking, as long as you think something is useful, whether it is material or spiritual, it can be called wealth. From spiritual realm, thoughts and character to a pile of cow dung on the side of the road, it can all be called "wealth".
In a narrow sense, wealth generally refers to material assets, which are useful things with higher value and recognized by everyone. The most typical representatives are money and houses.
To be more straightforward, in general, the wealth people refer to is generally hard currency with broad consensus, such as legal tender, precious metals represented by gold and silver, and movable and immovable property represented by real estate, automobiles, and factories.
To summarize, the withdrawal is -
The essence of wealth is a consensus, a consensus on how much something is worth to humans.
There is an old saying that goes, "Wealth does not last for more than three generations." The subtext is that not only is it difficult to accumulate wealth, but keeping it is also a highly technical job.
Why is this happening?
As we said above, the essence of wealth is a kind of consensus.
Consensus as a human concept is something that can be easily manipulated and shaped.
Each specific historical context will have its own preferences based on the conditions at the time.
Before the invention of electrolytic aluminum technology, aluminum was once more expensive than gold in medieval Europe. When Napoleon III ascended the throne in 1852, he wore an aluminum crown on his head. It is verified that the price of aluminum at that time was 200 times that of gold.
Once upon a time, platinum was a precious metal comparable to gold. Now the price of gold is 700+ per gram, while the price of platinum is as low as around 250.
In the eyes of Generation Z, the mahogany furniture and various gemstone bracelets that the old Dengs dream of are far less attractive than the trendy toys and NFTs. Who can stand the world-famous LABUBU?
In other words, the carriers of wealth will change greatly with the times, and human consensus on wealth is always changing. Once you bet on the wrong thing, your wealth can be reduced to zero in an instant.
Secondly, the carriers of wealth will age and deteriorate. For example, food and medicine are priceless during wartime, but they have a short shelf life and will become a pile of garbage within three to five years. Even a house will become a pile of rotten bricks after a few decades of living in it.
Finally, property rights need to be backed by force to be defended, but force is a double-edged sword. Basically, every two or three hundred years, there will be a change of dynasties, and all the accumulation will be overthrown and started again. A century-old foundation can be reduced to ash overnight.
In principle, land and gold are the two best wealth carriers verified by human history, but they are powerless in the face of burning, killing and looting. Gold and land can be robbed and confiscated, and modern legal currency can be frozen at any time.
In the history of human civilization, the protection of wealth is basically a joke.
Protecting wealth has never been a simple proposition. Modern wealthy people tend to invest in properties around the world and have a distributed layout, but this is only effective in the short and medium term. Once the world is not peaceful, losses are imminent.
Entering a new era, especially as humanity enters 2025, as Bitcoin is given the role of a value grabber in the new era of dollar hegemony by the United States, humanity has a new mainstream choice in defending wealth.
As long as the consensus on Bitcoin as the top crypto asset remains unchanged, Bitcoin will be a "digital gold" worth trying and configuring for a long time to come. It is easy to divide, store, and transfer, and cannot be plundered or seized if it is not exposed.
It is the highest level of security for wealth protection that can be achieved under current human technological conditions.
However, I still have to pour a bucket of cold water on you. The protection of wealth is a dynamic game process. In principle, there is no permanent solution. It is already difficult to protect three generations. Don't covet wealth that lasts forever. That is not in line with the basic logic of human social development.
The capable ones get the job, and the useless ones get thrown out of the wealth wheel is an eternal paradigm.
In other words, Bitcoin is a good wealth consensus now and for a long time to come, but it is definitely not a permanent wealth consensus.
Eternal wealth and prosperity is an illusion.
The above is all. Subscribe to this account to get continuous updates.
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