Absolutely not.
I have been reading a lot of different articles on Leo and there has been a common theme across a lot of them. Wealth accumulation and the opportunities that hive presents for people to do so.
Crypto, defi and digital wealth are creating a whole new industry without the traditional barriers to entry. If you want to come onto hive and write posts, play games or create a new business then you can do so without any permission, legislation, oversight or restriction.
There are no barriers to entry, just barriers to success. Anybody can do these things. However to do them successfully requires community support.
I can write ten posts a day but if the community doesn't support my writing then it is all for nothing. I will never be successful at it. The same goes for creating a business or a game.
The good news however is that you can earn some crypto for any of these activities it's just the amount that will vary.
Again, absolutely not. (Also, this is totally hypothetical.)
Firstly it is all relative. That could buy me a nice car here but not a house. My stake is big but I can still not compete with the top holders.
It is money in my account right now but without work it will get used and no longer be part of my wealth. In some countries it would be a huge amount of money but again is only fleeting.
Money creates the opportunity to earn wealth. Money is fleeting and short term, wealth is long term access to more money.
Once you can grasp this concept, you can start using your money to gain wealth. Just like you say with hive where your time and effort can lead to wealth over the long term.
Having money is just opening the door to real wealth. Increasing and sustainable income from your assets and investments.
There is no point in having 100k if you are just going to spend it. That is far too short term and you end up back at the bottom again trying to start from scratch. A waste of time really.
The goal should be to take that 100k and put it to work. Get it to start earning returns that you can live form and let that capital keep building. Keep growing and turn it into a 100k every year. Then you have real wealth. Consistent and increasing earnings.
The opportunities are there for anybody to get involved with. The traditional barriers and oversights do not exist in this free market.
You don't need approval, paperwork, permissions. You just need to put in the same as everybody else regardless of race, religion, location, education. That is the beauty of this new system. You are only limited by what you are willing to put into the game. Time, effort or money.
Then you can grow your long term wealth from there.
