You can think of your bitcoin holdings in terms of how long 100% of all hash rate would take to generate your holdings. At 10 minutes = 6.25 bitcoin, 1 bitcoin = 96 seconds. 10,000,000 sats = 9.6 seconds…
These times will double in April 2024…
How many seconds of world wide bitcoin production do you hold? Don’t answer to me, this is a rhetorical question.
Not enough 🙃
Well, it’s probably better than the number of seconds of USD production. Money supply has gone up about $5.45T in the last roughly 1215 days, which is about $3M per minute.
That’s a massively higher production rate than bitcoin measured in USD. In that sense, at ~$30K, we are getting about a 100 to 1 deal on bitcoin in terms of seconds per dollar.
