If you had a choice, would you choose to take $500,000 today, or $1 that doubles every day for 21 days? Instinctively, we will all go for the big number. $500,000. That’s a huge number, no matter if you’re rich or poor. How much can $1 doubling for 21 days amount to? Bah.
Well, you will be surprised, and this is where our collective puny human minds cannot fathom or grasp exponential growth. We see hockey stick growth and we think “It’s a ponzi” or it’s just not sustainable. But with true network effects, this type of growth is perfectly normal.
So, back to the question in the opening paragraph, which would you choose?
If you said $1 doubling every day for 21 days, then you must have come across this question before.
And yes, that would be the correct answer.
In fact, going for the option of $1 d...