Bitcoin Miami 2023, one of my favorite moments was nostr:npub1wqlzdd8chs862luemq2ahd6mppsp9txzflz400h6xy844gydrzvq08rnrp when he was with Jack Mallers

Adam Paraphrased: "We may be peak Whole coiners where the maximum number of people will ever be able to accumulate one Bitcoin."

Full Transcript:

https://www.youtube.com/watch?v=kAdPCHY_RzY

Adam Back:

"There are one million utxos with one Bitcoin around over and

so somebody who owns a Bitcoin one Bitcoin is a whole coiner right and so there are lots of people trying to stack their SATs and get to this one Bitcoin Target.

There's this claim right okay this we estimate there's a one million whole coiners and so my kind of immediate thing well that's cool you know like it's nicely reached their target but let's go let's let's get to 10 million whole corners.

Then it dawns on me it's probably not possible because the next nine million people who try to buy Bitcoin will push the

price "Out Of Reach" for them to reach their thresholds get to one million to get to a whole coin a status.

Somebody else chimed into this kind of organic thread to say you know maybe we're at or very near to Peak hole coiners like the maximum number of people who will ever be able to accumulate a single Bitcoin.

I thought that was a pretty interesting kind of a bullish metric I thought it was cool."