I know that I know nothing apart from the fact that bitcoin is 58k forever.
Discussion
I thought after this stop we are going into infinity of USD per bitcoin and never looking back. Once we cross 100k, we are never getting back to 58k, are we?
In my humble opinion 58k has very little to do with the price of bitcoin. It's more of a state of mind. However, 58 are just the first digits, the number of zeroes is definitely not limited. Next stop is 580k, for example.
the money printers have decreased the velocity a bit and just like when you are riding uphill and your ebike's motor cuts out, it feels like slowing down, subjectively, but in fact that's just a change of acceleration not a change of velocity
humans don't understand the difference unless they have scientific training so all they have to do is simulate a stop by slowing down the acceleration for a bit and everyone thinks that prices stand still, and then the dumb people whose daily bills are not going up anymore for a while vote for more government, because it stopped the inflashon and the cycle repeats
not sure how long until they return to the scheduled power level but i doubt it's much longer
some speculate that they use a 4 year cycle and for this reason satoshi chose a four year halving so the two things lined up together, it's an ancient custom, the olympics, the leap year (on the bogus gregorian calendar) probably some satanic bullshit tied up with this somewhere
so hmm what is the significance of 58
it's a 13 or 4 in summative numerology
it's 2x29 in number theory, prime factors
29 is 11, which is 2, and 11 represents collapse and separation
so 58 is a kind of binary revolution symbol
Any resemblance with hidden wisdom is purely speculative at the moment. 🤭
The 4y cycle has more to do with the US elections. I doubt the short-term memory of the public is a constant. Feels like it's dropping more and more as generations come and go.