I wonder how the world would be priced when #Bitcoin is 100m per coin. Will the US no longer be the reserve currency... Like let's be real, how could it at those prices.

But even under a #BTC standard, how could that be possible? There is not enough #satoshis for everyone on planet earth.

We must somehow must be living with digital currencies or is there a form which includes more #BTC Who knows, maybe in this circus DOGE coin is used as a medium of exchange.

My mind wanders in this space.

"There's nothing you can DO with Bitcoin, besides giving it to someone else".

...Is something said by someone who doesn't understand networks. which probably means they don't understand the modern world and what moves it.

So what should be the market value of Bitcoin?

In this case it would be something like "memorabilia".

"In the perverted world of books and music, paying a high price for a limited edition print is somehow a good thing"

Don't be obtuse.

I think he's asking why someone doesn't buy a small amount of Bitcoin ABOVE the asking price, at $100,000. In order to be "making history by being the first 100k order".

It's a weird question with some mistakes, but I find it refreshing he's doing his pathfinding in public in good faith.

Nice! Fresh snow in #Switzerland

it's just **completely** backwards to say that ecash mints built on cryptography have _fewer_ rules than central banks. users of an ecash mint would be able to prove foul play like that, while "users of a central bank" have no way to prove if the bank is issuing more money "than it should" (the latter statement not even really being well-defined, that's how loosey-goosey it is over there).

I appreciate our disagreements most of the time, but if you start verging into low-effort troll comments I'm not going to have much to say in response.

The company is based in europe, they do ship worldwide, and for the travel service it doesn't matter either.

You can get all travel needs met with the shopinbit.com concierge agent.

Food

Electricity

Internet

I should have written more carefully - I don't expect the _entire_ Internet to be archived by disorganized individuals.

I expect groups will archive what is important to them, and keep it online as long as they care to.

Not unlike Nostr relays - you might end up with some central ones that do a lot and everyone relies on. ...and then there is the dark forest of private relays and communities that you don't even know exist but their network is extremely valuable.

The wide range of benefits from Bitcoin are pretty clear at this point. Safe to say a little more than wearing a car tire around your neck 🤔

Perhaps you’ll be jumping on the bandwagon to accept btc payments when BTC in USD denominated terms is $0.1M per coin, $0.25M, $1M? Fiat printing has no ceiling, there’s no limit to how much your fiat savings iceberg can melt in purchasing power. Bitcoin is just the best expression of that fact.

History has shown the earlier you adopt it the more you benefit. Every person gets Bitcoin at the price they deserve

The wide range of benefits from Bitcoin are pretty clear at this point. Safe to say a little more than wearing a car tire around your neck 🤔

Perhaps you’ll be jumping on the bandwagon to accept btc payments when BTC in USD denominated terms is $0.1M per coin, $0.25M, $1M? Fiat printing has no ceiling, there’s no limit to how much your fiat savings iceberg can melt in purchasing power. Bitcoin is just the best expression of that fact.

History has shown the earlier you adopt it the more you benefit. Every person gets Bitcoin at the price they deserve

Not sure how you can say all bitcoiners have fiat on hand? The saying ‘get on zero’ means get on zero fiat, by getting 100% onto the Bitcoin standard.

It’s an evolution of the saying ‘get off zero’ which encourages ppl to begin with Bitcoin by just allocating 1% to BTC.

It doesn’t just apply to ppl living in Bitcoin circular economies, some searching online shows ppl posting & podcasting about it, it’s not easy, but possible.

As more businesses, for e.g. your competitors, start accepting btc over time, they’re more likely to attract bitcoiners compared to businesses that don’t.

Peter schiff was saying things like past performance…. And Bitcoin is tulip mania…as far back as 2011 or 2012. He was very articulate about how the price will crash soon etc etc. 12-13 years & 2-3 million percent later we’re still all waiting on his call to ring true

Not sure how you can say all bitcoiners have fiat on hand? The saying ‘get on zero’ means get on zero fiat, by getting 100% onto the Bitcoin standard.

It’s an evolution of the saying ‘get off zero’ which encourages ppl to begin with Bitcoin by just allocating 1% to BTC.

It doesn’t just apply to ppl living in Bitcoin circular economies, some searching online shows ppl posting & podcasting about it, it’s not easy, but possible.

As more businesses, for e.g. your competitors, start accepting btc over time, they’re more likely to attract bitcoiners compared to businesses that don’t.

Peter schiff was saying things like past performance…. And Bitcoin is tulip mania…as far back as 2011 or 2012. He was very articulate about how the price will crash soon etc etc. 12-13 years & 2-3 million percent later we’re still all waiting on his call to ring true

If your business allows for zero saving the only way Bitcoin can help you is accepting btc payments to attract / retain / reward (yes there are btc rewards / cash back solutions also) potential customers.

If making online sales your addressable market of Bitcoiners is huge, some estimations 100 million. And we’re passionate (to a point of being labelled as a cult by some) towards fellow Bitcoiners esp w/ businesses, the benefits of offering btc payment option to a potential customer base like that is obvious.

If your business only makes brick & mortar sales, you’d need to be in one of the globes Bitcoin circular economies for there to be any impact from btc sales. At this early stage of bitcoin’s evolution it would likely be a rounding error in terms of total sales.

If your business allows for zero savings, then that is all academic really, first point of order is to join the ranks of the millions & millions of businesses world wide that run an operation that has savings & thinks about how best to protect & grow that balance as the years roll on.

That’s when Bitcoin can really help the bottom line. You could even be someone that has a time preference that is so high that 2-3 years seems like a long time. Even on that timeframe the volatility of your savings in Bitcoin will become very favourable to the business bottom line.

Keep adding to the savings in Bitcoin, keep your borrowings an expenses & cash flow in fiat as required.

Bitcoins diminishing volatility over its lifetime has happened within a 120 million percent USD denominated price increase.

People & businesses with any form of savings only have to lower their time preference a little bit, e.g think in terms of 4 years halving cycles, to benefit massively from that volatility.

For any person or business with the opportunity to think about their savings, fiat is pathetic in comparison. It is really good at loosing considerable amounts (7%, 12%, 15%…) of purchasing power every 12 months, with low volatility / great stability. The popular CPI is the CPLie, it is provably not a reliable indication of how much purchasing power your fiat savings are actually loosing. And that effective loss in savings compounds negatively!

And as a business, if your treasury gets more valuable then thats good. I dont understand how income just vanishes if money isnt losing value lol. People are still going to spend

How does lowering prices hurt if it doesnt affect your purchasing power lol god forbid workers not have to fight for raises to keep up with inflation that theyre rarely able to keep up with

How does lowering prices hurt if it doesnt affect your purchasing power lol god forbid workers not have to fight for raises to keep up with inflation that theyre rarely able to keep up with