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cross-posted from: https://lemmy.world/post/23222473
this is stock value, and he gained the ~200B since the 6th of November.
So if I own a single dollar and tell everyone it's a trillion worth ... does that make me rich or am I a fool?
a fool, until someone believes you.
A fool unless you can convince an entire market that it’s a trillion dollars worth.
Look up unlimited money limited. It was a real company
Max Fosh is an absolute madman. Casually got the richest man in the world for like 2 days.
No, it has to be something more imaginary than a dollar, and someone else has to actually give you a dollar for it while you claim it's only one trillionth of the amount of imaginary things you could sell to people.
Note a while ago a youtuber did a stunt to illustrate: https://www.youtube.com/shorts/8SYIksrZeu4