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191 sats \ 7 replies \ @fm 26 Oct 2023
1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa
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1 sat \ 6 replies \ @td OP 26 Oct 2023
Lost wallet access is actually quite a good one, but whilst the wealth exists in these cases and is visible, is isn't actually accessible so I'd say doesn't quite fit the definition.
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53 sats \ 2 replies \ @benthecarman 26 Oct 2023
this isn't a lost wallet, it is the genesis address. The 50 bitcoin UTXO is has is actually unspendable because it wasn't added to the UTXO set.
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0 sats \ 1 reply \ @fm 26 Oct 2023
thats rigth.. i was too lazy to look other wallets and grabed the first result
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51 sats \ 0 replies \ @benthecarman 26 Oct 2023
i think it is a perfect example!
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1 sat \ 2 replies \ @fm 26 Oct 2023
your query is very open..
feel free to narrow it
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1 sat \ 1 reply \ @td OP 26 Oct 2023
Questions is just a dumb way of expressing; is it always the case that wealth = power?
Yes, it's intentionally broad as it's a discussion ;)
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21 sats \ 0 replies \ @fm 26 Oct 2023
wealth implies money afterall
money is energy
power is energy
so if you have money you have power..
unless you lost the keys.. thus satoshi wallet
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131 sats \ 0 replies \ @tom335 26 Oct 2023
Can't give you an example, as generally power is also a form of wealth, I guess.
Wealth can buy almost anything, including hard power. But in some cases is not enough. Imagine, for example, that you have a considerable amount of fiat money, let's say, 20M. It'll bring inevitably some people to your side (employees, "friends", politicians and so on). On the other side, it can bring some enemies too.
Then, the ability to balance the number of tolerable "friends" and enemies will ultimately determine you power. If you have a lot of money and assets but no allies, you're doomed.
You can have billions, but if someone has just a few millions and a small army, you're doomed as well. Just notice how militia and cartel grows so fast, they certainly must be helped by other people with enough "soft" power (bureaucrats and scum).
I don't know anyone rich enough that hasn't a certain amount of power, or the contrary. Perhaps gurus and sect leaders, some of them have a little influence on a particular sphere, but not broadly.
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55 sats \ 0 replies \ @ek 26 Oct 2023
You're very wealthy but you're in a coma
Wealth != health
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21 sats \ 0 replies \ @6l 26 Oct 2023
The Treasure of the Sierra Madre (John Huston, 1948)
Fred C. Dobbs and Bob Curtin, both down-on-his-luck in Tampico, Mexico, in 1925, encounter a gray-haired gold prospector named Howard and decide to join him in search of gold in the wilds of central Mexico. Through enormous hardships, they finally manage to strike gold, but bandits, elements, and most of all, greed threaten to turn their success into disaster.
https://archive.org/details/the-treasure-of-the-sierra-madre-1948-1080p
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21 sats \ 2 replies \ @go 26 Oct 2023
Owning 49% of a blue chip stock
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27 sats \ 0 replies \ @zuspotirko 26 Oct 2023
If you own 49% of a stock you probably have a lot of power tho. Not only in direct voting power and seats on the board but also a lot of soft power and influence on management
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8 sats \ 0 replies \ @grayruby 26 Oct 2023
49% of a private business is a better example. In public companies 49% would give you a lot of power. Many activist investors manage to effect great change at public companies with only 5 or 6% of the shares.
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21 sats \ 0 replies \ @Ray 26 Oct 2023
People that got wealth in from selling a business soon realize that the power thier millions or billions brings them is nothing compared to the power wielded by politicians proximal the money printer or the power of the inflexibility of government policy whether by incompetence or design.
A national example of this could be Vivek Ramaswamy, but where I really see this is at the state or local level where a wealthy guy that is used to being able to pay people to do just about anything runs headlong into a deadlock of local government bureaucracy that prevents him from getting something he wants and it makes him so mad he decides to run for office. Usually these guys spend a ton of money and rarely are elected.
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1 sat \ 0 replies \ @2bithits 26 Oct 2023
wealth < health
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