bitcoin is going to $1 billion per coin, but people will forget what that meant in dollars
in simple terms, $1B is you having some money
it’s not a lot, many just don’t have anything
Discussion
nah, in that case 1 bitcoin is still more than pretty everyone can dream, its still everything/21million, and 1/21million of everything is a wealthy superior to what today have multimillioners.
Still the concept is correct, but maybe need to be adjusted to 1M sats.
21 million billionaires is better than the 3,000 we have today. Wealth distribution will still resemble a hierarchy but orders of magnitude more fair than today.
if the money printer is desteoyed, then the inequalities tend to lower with time cause you cant "spend free" and "make money spending" unfairly selling debt. You spend the scarce resources (transferring wealth to someone else) OR you conserve wealth not spending.
it's an interesting idea to think about actually where your wealth level is, relative to all humans, instead of just the ones in your country
and of course how that is distributed and how much it costs to live
it's so much more expensive in many countries that it really makes no sense relative to what people have... i'd say that in the "wealthy" countries those big numbers actually mean a lot less than it looks like, beacuse of how much gets thrown into the garbage bin called "government spending"
Zapping will cease if bitcoin is at $1 billion. At that price, 1 sat would be worth $10. Maybe zaps won't totally cease, but they'll be drastically reduced.
They won’t cease. This is decades in the future and you can always use millisatoshis like LN already does.
I don't really see why the dollar would still exist at those price levels
It seems like we'd be long past the part of hyperinflation where nobody's left who still wants or will accept use of the currency
It’s part of The Dollar Milkshake Theory. USD will be the last fiat standing with the lowest hyper inflation compared to the rest of the world
That theory doesn't really make sense. The petrodollar is already dying because it's too biased and weaponized for the global monetary system it tried to be
Weaponization is the whole idea, you don’t build 750 U.S. military bases around the world without a plan of how it’ll end
Turns out the plan is probably to strategically deplete critical supply lines of the US military arsenal as a way of culling people, including members of the US military and many others
If the government will accept the dollar and it will violently seize your other assets if you don't feed it dollars as taxes, then there will be a market for the dollar.
It won't be free, voluntary, or exist much beyond the range of police weapons, but unfortunately I can easily still see it existing...
Hyperinflation disrupts capitalist brainwashing, and gunners start seizing those assets for someone else if the people giving orders can't make them believe they're doing a transition to a better monetary system
As the dollar collapses, that transition will have to be cryptocurrency - either under the same leaders, or whatever cryptocurrency leaders the gunners switch allegiance to when they decide they want to feed their families
Sounds good, Ser! When do we start? :D
You have better things to worry about in Australia, friend. For example, if you can help build critical parts for sailboats, you can help save lives and mitigate the need for warfare in Pacific island countries and maybe southeast Asia when fuel prices disrupt pacific food shipping in engine-powered freight liners.
