Think of this : What would you do :

Sort:
Avatar of nsynced

Scenario 1 : You are offered a million dollars 💰 . You can do anything with it like invest /play the stock market or just bank it. But you get it only once. 

Scenario 2 : You are payed the double of the previous day each day that is , take today for example , you get paid 2 dollars . But tomorrow you will get 4 and a day after that 8 , and so on. But you can't use this money to invest in external income like stocks /properties etc 

What scenario would you rather picture yourself in and why ? 

Avatar of Peskybird_flies
The double one
Avatar of RealTactics960
Anyone who has ever heard of exponential growth ever is picking 2
Avatar of Snowy-Yutyrannus
Double, if I don’t die early
Avatar of Peskybird_flies
U get to a million in 20 days or smth
Avatar of Peskybird_flies
I just did the math
Ur getting to a million in 19 days, assuming u start at 2
Avatar of RealTactics960
Actually, I’d choose 1 million.
The double one would quickly make me so much money that inflation would make it all worthless and I don’t need more than a million anyway
Avatar of Peskybird_flies
#7

U can’t invest the money tho, so inflation won’t make too much of a difference
U just gotta be wise in spending it
Avatar of Peskybird_flies
So long as u only buy really expansive stuff every once in a while, it shouldn’t make too much of a difference
Avatar of Snowy-Yutyrannus
Yesss, I can buy all the Lego figures I want
Avatar of RealTactics960
Is that not how inflation works? Big money equals small worth?
Avatar of nsynced
Snowy-Yutyrannus wrote:
Yesss, I can buy all the Lego figures I want

not only that lol . If you choose scenario 2 you can eventually buy the Lego company !

Avatar of Peskybird_flies
#11
Only if it is part of the economy
If it remains separate from the main economy, it shouldn’t have too much of an effect (it may be worth less in 50 years or smth, but that’s it)
Avatar of Peskybird_flies
I can explain my thoughts in depth if u want
Avatar of Peskybird_flies
Actually, ima explain it anyways cuz I’m bored and got nothing better to do
Avatar of Snowy-Yutyrannus
#12 you’re a genius, how’d my single braincell not see that
Avatar of Peskybird_flies
Imagine the economy is 1 large hole, and your doubling money is a different hole that keeps getting bigger (for the sake of this assume that they will never touch each other)
The larger the economy hole grows, the smaller your hole grows, as it is worth less cuz of inflation
Logically, inflation will never disappear, so your money will be worth less over time anyways
The more money you put into the economy, the larger the economy hole gets, and the smaller your hole gets
There will obviously be phases where the economy grows and shrinks, so your money worth will grow and shrink with it, but that is to be expected
If you add too much of your money into the economy at once, it will grow too large, and your hole will be minuscule, but if you go ever so slightly, your hole will keep growing, and it will grow faster then the economy does, as you don’t put as much in
Taking that knowledge, as long as you are wise with your money, it will never decrease in value
Avatar of Peskybird_flies
If u have any questions, I’ll answer in the morning
It’s 2am, so ima go to bed
Cya
Avatar of Snowy-Yutyrannus
Haha, Legos