2035 headline: bitcoin wallet dormant since 2025 awakens and moves .01 BTC worth billions of dollars.
Discussion
Dollars won't exist then, I think.
Some people will burn their entire lives to the ground to not adopt bitcoin.
Someone I know in real life told me they just won't ever no matter how bad it gets or how poor it makes them.
THIS is incredibly retarded.
The entire purpose of work is to acquire and maximize purchasing power. I don't care if seashells become more valuable than Bitcoin. If they do, I'm going to invest in seashells.
"I've been poor my entire life and never expected anything else"
"Yes but what is it about Bitcoin that you are so determined to avoid?
Blank stare
Not far off. I did intentional pause my Bitcoin FIRE spreadsheet at 100M CAGR for conservative calculations sake.
Yeah, I took it tongue in cheek, not literal.
I wasn't responding to anything in particular just pasted cause its fun to dream.
I'm guessing most people haven't even laid out the spending phase of their Bitcoin acquisitions--me included until yesterday. Seeing these numbers extrapolated out is very eye opening and from a FIRE standpoint really highlights the power of Bitcoin.
Most people I see publicly doing that are assuming 50%+ CAGR for the rest of their lives and determining that 2 coins is enough to live on forever.
I think we will have a rash of "my bitcoin ran out and I had to go back to work" stories in a few years. Especially from people who run that calculation near the top of a bull market.
Those people will never get back to the stack they had before.
Ya I always assume much much lower, but right now Im well employed and just focused on stacking for my family. No plan to retire
I did it a few months ago estimating the amount I'd have to live on under the threshold for paying taxes on capital gains which is higher than you might expect here in the us. I think right now its like $88k for married filing jointly no taxes on capital gains (long term) I could be wrong (not tax or legal advice), but it was pretty auspicious assuming you start with a pretty decent stack
Right and the plan I'm working on with this AI prompt includes utilizing the tax code to maximize tax efficiency to withdrawal from retirement funds for Roth conversion ladders or other minimize future RMDs.