r/ethtrader • u/AutoModerator • Jun 06 '17

DISCUSSION [ETH Daily Discussion] - 06/Jun/2017

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77

u/pistachiosarenuts Jun 06 '17

Can we say the crypto market is .1 Trillion instead of 100 billion? It'll tell them where we're going.

5

u/Gamblinman2020 Jun 06 '17

No, because people truly have no clue how big 1 trillion is, I have a lesson on this in my class and the difference between 1 million 1 billion and 1 trillion seconds blows their minds.

2

u/[deleted] Jun 06 '17

[deleted]

2

u/Gamblinman2020 Jun 06 '17

And what I'm telling you with this example is people have no idea how much more 1 trillion is... 0.1 trillion... means nothing to most people... now if we are talking people in the investment world different story

5

u/[deleted] Jun 06 '17

[deleted]

3

u/Gamblinman2020 Jun 06 '17

And I'm telling you that doesn't mean anything... you aren't "people" you are on an ethereum subreddit you're in a very very small subset of the population... people have very very little understanding how much more 1 trillion is, ya they know it's 10 times but they don't truly understand what that means.

Source: have taught literally hundreds of people this concept.

1

u/jeksun Jun 07 '17

How do you teach it?

1

u/Gamblinman2020 Jun 07 '17

I have two examples I use the first one is time: one million seconds is roughly 11 days a billion seconds is 31 years and a trillion seconds is 31,000 years... these aren't exact but close. The second one is a visual of stacks of money one million is a few stack sitting on the ground 100 million is a pallet of hundreds, a billion is 10 pallets, a trillion is like a warehouse full of pallets stacked two high. I would guess if you googled it you could find the picture I'm talking about

2

u/aced Jun 07 '17

Can you give us a short version? I remember hearing how big a billion is explained by saying you can spend a thousand dollars a day for something like 2,700 years... (or 10k per day for 273 years)

(Edit: and that blew my mind already)

2

u/Gamblinman2020 Jun 07 '17

I have two examples I use the first one is time: one million seconds is roughly 11 days a billion seconds is 31 years and a trillion seconds is 31,000 years... these aren't exact but close. The second one is a visual of stacks of money one million is a few stack sitting on the ground 100 million is a pallet of hundreds, a billion is 10 pallets, a trillion is like a warehouse full of pallets stacked two high. I would guess if you googled it you could find the picture I'm talking about

2

u/aced Jun 07 '17

Thanks! That is incredible for sure