Implications will be wild. Bitcoin will have the reverse problem if fiat currency. The units will need to get smaller and smaller instead of larger and larger bills. Single sats will become very valuable and second / third layer networks ontop of the main chain will become essential. Fractional sats will need to be invented and only the largest purchases on earth will be settled on chain.
How much is enough btc? Welp most heard about the 50 million millionaires compared to 21 million. Then the 8 billion per 21 million. Then the current several hundred trillion dollars that can be transferred. But what hasn’t been talked about as often is Moore’s law. What will happen once bitcoin userps the dollar network and becomes the primary unit of accumulation for 8 billion people. I.e 1 btc per 380 people!! Moore’s law is a doubling of computing power over 2 years or so. A proxy for productivity. So every 2 years 1 btc could support the life savings 760 people after the first 2 years of full adoption then 1520 after 4 ( assuming constant growth) the savings of an entire town after a decade and a metropolis the decade after… something to think about
What is the most versatile hardware wallet to seamlessly go from onchain to lightning and back?
Perhaps that money can be put in an escrow and who ever manages the escrow immediately converts it to btc?