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Old man, young bitcoiner

If bitcoin were to claim a certain percentage of all global assets tomorrow, and we assume global assets are worth 500 trillion USD, the equivalent value of one bitcoin would roughly be worth the following:

Bitcoin claiming 1% of global assets = 1 BTC surpasses 238,000 USD

Bitcoin claiming 5% of global assets = 1 BTC surpasses 1,2mil USD

Bitcoin claiming 10% of global assets = 1 BTC surpasses 2,4mil USD

Bitcoin claiiming 20% of global assets = 1 BTC surpasses 4,8 mil USD

Bitcoin claiming 30% of global assets = 1 BTC surpasses 7,1 mil USD

Bitcoin claiming 40% of global assets = 1 BTC surpasses 9,5 mil USD

Bitcoin claiming 50% of global assets = 1 BTC surpasses 11,9 mil USD

Each jump on the ladder can happen quickly.

”There are decades where nothing happens; and there are weeks where decades happen”

Replying to Avatar bcoiner

Smart move

Decades of inflation is not that prices of goods and services increase - it’s that the fiat currencies are bleeding to death

We should focus more on measuring the price of goods and services in BTC rather than looking at the ”bitcoin price”. The former is a sign of a bitcoin standard mindset, the latter a sign of an fiat investing mindset.

Yes. Competition between different vertical scaling solutions (like lightning vs ARK) is much more constructive and useful than competition between horisontal scaling solutions (bitcoin vs. altcoins).

Money should be stupid simple - that way it’s more compatible with more of humanity

Yeah this seems to happen with lots of new technologies. Initially, it’s hyped when it’s discovered by media etc, then eventually people realize life goes on and a couple of years pass by while the technology is almost forgotten. Over the years, the technology actually matures and finally becomes adopted by the masses.

Crypto people have a bias rooted in the fiat economy when they argue that the future will consist of lots of cryptocurrencies. The mere term cryptocurrency implies that there are several currencies and it tells about the bias of the person using the term. In fact, the term is not even mentioned in the bitcoin whitepaper.

In the fiat era, the existence of multiple currencies was rooted in the nation-state system and the trust-based monetary systems it fostered. People placed their trust in currencies tied to their culture, language, and land. As a result, numerous fiat currencies emerged, each serving the specific needs of individual nations. This multitude of currencies reflected the diverse nature of human societies and their varying levels of trust in centralized institutions.

The digital economy, in contrast, operates within a decentralized and trustless framework. At its core, the internet is a binary world of zeros and ones, devoid of geographical or cultural boundaries. This decentralized nature eliminates the need for multiple currencies. In fact, a proliferation of cryptocurrencies in a decentralized economy would hinder its growth, resulting in a fragmented economic landscape.

The future digital economy will not be a replica of the fiat era, with a multitude of cryptocurrencies competing for dominance. Instead, it will be built upon the decentralized and trustless principles of the digital realm. The fact that the internet emerged alone rather than as a multitude of internets provides strong support for the theory that the same will happen for digital money. Bitcoin only - there is no second best.

The 5-dollar wrench attack is similar to how bitcoin relates to advanced robotics and AI. It’s not the most technologically sophisticated action, nor the most intelligent. Yet it’s a perfectly orchestrated way of using brute force in the physical sphere to achieve a real world objective.

Number go up is like the mass psychosis we actually need as humanity. The rest will follow.

Are there mobile BTC/LN-wallets apps that also have built in a bitcoin and LN node capability (pruned node) within the app? If not, why? Wouldn’t this be possible with modern mobile phone hardware? And even more so in the future as hardware gets better over time?

Saying things like ”I Love the Blockchain, Just Not Bitcoin.”

It’s like saying that you are fascinated by the eye technology - not the human.

Develop new ways of integrating bitcoin mining into HVAC in general. Excess heat from mining equipment could be used for all sorts of things and it would potentially make the mining industry more decentralized over time, if more mainstream mining HVAC solutions are developed and marketed to retail and commercial customers.

Yeah that would actually make sense. Heck, it could even be possible that AI systems will get orange pilled faster than humanity itself!

There are lots of examples throughout history when ”puritan” believers were frowned upon by the establishment. They argued that the puritans should not be as toxic or as close minded as they were, often driven by the dangerous centrism bias. The established view was that ”things are complex” and that it’s ”too simplistic” to argue the way the puritans argued.

One example is Hitler. Lots of politicians underestimated Hitler and his party, while thinking that the concerns raised by some about the Nazi ideology were simplistic or alarmist. The masses viewed the Nazi Party as a passing phase or a reaction to economic instability, rather than recognizing its potential for radical transformation and authoritarianism.

Peculiarly in present day, we often see the beliefs of the puritan believers as given things - the once ”simplistic ideas” have become mainstream.