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Jake Woodhouse

The days when Bitcoin makes people wealthy are largely ahead of us

Adoption in a meaningful sense is 1% or less

Think how many people will buy back their time?

Mind blowing

Hynek 10mo ago 💬 1

I’ve seen estimates suggesting that around 200 million people own some bitcoin, but only about 10% of them hold it in self-custody.

If roughly 2.5% of the world’s population has some bitcoin, I assume they, on average, hold only a small portion of their cash in it.

So, I agree—the potential is huge, and bitcoin is accessible to anyone. 🤯

However, even if your savings increase tenfold, there are more efficient ways to build wealth.

My main point is you shouldn’t kidnap bitcoiners—there are wealthier targets out there. 🫥

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Discussion

Jake Woodhouse 10mo ago

🙏🏻

Anton Isidore 10mo ago 💬 1

Bitcoiners are good targets IMO mainly because: (if done correcty): it's easier to cash-out the loot/ransome (and then staying free and enjoing the money) then with fiat:

Mainly because (usually) if you kindnap them, they are able to send money without others involved. This gives you (as an attacker) great advantage in timing. By the time relatives of the victim realizes the shit happened, you are already on the run with the money.

+ irreversibility of the TX, non-physicality of the money and some anonymity features of crypto makes it even easier to cash-out and live free with the money

Yes they are wealthier targets out there... But bitcoiners are IMO less riskier to attack then some businessman with cash in

Hynek 10mo ago

Good point