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Replying to Avatar Chris Krause

Since you specifically asked, I'll venture to write a short essay:

If less than five (!) percent of people withdrew their money from the banks, the entire banking system would collapse.

Escaping the fiat system is not only the best, but the only way to address the root cause of the problems.

Let me do a simple calculation regarding Bitcoin. (I'm expressly ignoring the reality that 19,800,000 bitcoins have already been distributed or lost.) If, for the sake of simplicity, we assume a total of 21,000,000 BTC and a world population of 8,000,000,000 people, that would mean, if all satoshis were distributed evenly, that each person would own 0.002625 BTC, or 000,262,500 sats. At a fiat price of around $85,000 today, that would be a good $220. (Of course, reaching this amount is completely unrealistic for most of humanity.) But it does illustrate well how scarce Bitcoin is.

All the numbers I have neglected would reduce the amount of Satoshis per person enormously.

Get #Bitcoin.

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forwardsteps 🪢 9mo ago

Thank you, Chris. I particularly like knowing that, "If less than five (!) percent of people withdrew their money from the banks, the entire banking system would collapse.

Escaping the fiat system is not only the best, but the only way to address the root cause of the problems."

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