🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Robert Kiyosaki: To be rich, follow the two laws of currency and hold Bitcoin
Robert Kiyosaki, the author of the famous book Rich Dad Poor Dad, has recently reaffirmed his belief in Bitcoin, stating that it is a rare asset that meets two important monetary laws: Gresham's Law and Metcalfe's Law. He also believes that most people remain poor because they violate or do not understand these two laws.
"I do not hold USD, I hold Bitcoin"
On platform X on May 24-25, Kiyosaki declared:
He believes that fiat money like USD is "fake money", being devalued by inflation and uncontrolled monetary policy. According to Gresham's Law, when "bad money" (fiat) is rampant, "good money" (gold, silver, Bitcoin) will be driven out of circulation and hoarded.
Bitcoin and the value from the network
Kiyosaki particularly emphasizes Metcalfe's Law, which states that the value of a network is proportional to the square of the number of users.
He explained: Bitcoin is like McDonald's or FedEx – systems that have value because they are structured like a global network. In contrast, "shitcoins" – cryptocurrencies that lack a real ecosystem and users – all violate this law and will collapse.
Kiyosaki warns that many people remain poor because they only work hard or save fiat money, instead of understanding the operating principles of currency. He quotes Michael Saylor:
Finally, he concluded:
Metcalfe's Law: The value of a network is proportional to the square of the number of users. In other words, the more participants there are, the more valuable the network becomes ( like with Bitcoin, the Internet, social networks…).
Gresham's Law: "Bad money drives out good money." When both good and bad money are in circulation, people tend to keep the good money and spend the bad money. For example: people keep gold, Bitcoin, and spend depreciating paper money like USD.
Thạch Sanh