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Replying to Avatar HODL

Sometimes people say stupid shit like “in a world where bitcoin is a million a hamburger might cost a million”

This is overexaggerated hyperbolic nonsense.

Here’s how to think clearly about the world you will be inhabiting at bitcoin one million.

Let’s use my favorite example. A trophy property in any prime location in America is 20-25MM right now.

That’s a little under 1,000 coins if you’re looking to ball out.

By the end of this decade bitcoin will likely be trading above a million due monetary/fiscal inflation.

These properties will not sit idle at 25MM though.

They will inflate as well as they are subject to the same market forces.

Likely at a lower rate of 4-5x vs bitcoins 30-50x.

So while they become more attainable for bitcoiners. These properties will still cost 100MM + or in bitcoin terms 100 coins.

Better than 1,000 coins but still not exactly cheap.

Hamburgers will probably be $15. Shit, good ones already are.

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Byzantine 2y ago

they say stuff like this because they've heard other people say stuff like this, and it feels very comfortable to repeat things that are said by people who you think are intelligent

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stupleb 2y ago

Yeah, I was thinking that they say stuff like this because they've heard other people say stuff like this, and it feels very comfortable to repeat things that are said by people who you think are intelligent

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