Anonymity Protects Your Wealth

Being on Bitcoin twitter, it’s funny to watch the lengths some people go to protect their identity. It’s probably not because they are on the run from the government, but more so to keep things flowing smoothly in their public life.

Ironically, their private life has a Twitter pseudonym with 100,000 followers, and their public life has them going to the grocery store, meeting neighbors, and telling old schoolmates happy birthday.

When a celebrity says fame is overrated, this is what they’re talking about. When you’re rich, you have access to a lot. When you’re famous, you have access to even more—but you can’t turn it off.

Celebrity is a one-way street. You can’t not be famous for a day. However, when you’re wealthy, you can behave as if you’re poor and be treated as normally as anyone else.

One person pretends to be rich, yet has nothing;

another pretends to be poor, yet has great wealth.

A person’s riches may ransom their life,

but the poor cannot respond to threatening rebukes.

Proverbs 13:7–8

When you act rich, you become a target (fairly or not). When you act poor, there’s much less motivation to try and get anything out of you.

Even if you’re poor, but you’re famous, you will still be targeted—and you’ll have less means to defend yourself.

I’m not talking about outright lying (especially on your taxes). I mean not demonstrating your wealth unnecessarily. Stay lowkey to avoid unnecessary trouble.

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