NINETEEN POINT THREE MILLION BITCOIN.
Less than 1.7M left to ever be created, anon. EVER.
Stay humble and stack harder.
Respectfully disagree, sir - at some point in the not-too-distant future the only way you’ll be able to get Bitcoin is to earn it, because no one in their right mind would accept your fiat Monopoly money for it!
I sincerely appreciate this - a more engaging and intelligent Bitcoin conversation than I’ve ever had in real life. I’m grateful to be on your side!
I genuinely think the key here is to disregard measuring in dollars. (Which I know is near-impossible, given that it’s all we’ve ever known…)
People will start to value things using satoshis as a unit of account BECAUSE using Bitcoin is fair, transparent, and predictable.
The end goal is for everything to be priced in Bitcoin - agreed. But it seems to me like you are trying to convert from Bitcoin into a dollar price in order to make the numbers comprehensible.
The USD/BTC exchange rate is more a function of how much people trust in Bitcoin’s future purchasing power than it is “how much of the world’s stuff Bitcoin is currently worth divided by the BTC supply”.
Bitcoin is worth ALL of the stuff, already. It’s just not priced into the rate because people don’t actually trust BTC yet.
As people gain trust in Bitcoin, it will actually make more sense to value an item in BTC than in dollars, because you know there are currently ~19.3M BTC in existence and if you have 1.93 BTC, you effectively own 1 10-millionth of the entire purchasing power of the world.
Based on that alone, you can decide for yourself how much you value whatever you want to buy and consequently how many of your precious sats you’re willing to part with in order to get it. Dollars need not enter the equation AT ALL.
If you have $100B today, how much of the world’s purchasing power do you own? Even if you could answer that, how much would you own tomorrow when the Fed prints another $10T one-time because “crisis”? It would be significantly less, and you can’t do anything about it.
That simply cannot happen in Bitcoin. Bitcoin deserves the trust the the USD currently has; the USD/BTC rate goes up as people realize it.
Eventually people who trust BTC won’t be willing to accept any amount of USD for their sats. Once everybody is on that page, BTC = $♾️. $100M/BTC is too bearish, my friend!
Respectfully, sir, I disagree.
I think you are conflating wealth with economic freedom.
I think wealth is one of the only ways to currently achieve any real degree of economic freedom in the fiat system, and I fully agree that Bitcoin is any ordinary person’s best hope of ever accumulating wealth and preserving its value over time.
Perhaps we simply have different definitions, but I do not think you need significant wealth in order to be economically free.
(Side note: financial freedom is a slightly different concept to me, meaning the ability to live one’s life without being beholden to working for more money or relying on another entity to provide for you)
To me, economic freedom simply means the ability to participate in the global marketplace free from coercion, compulsion or manipulation.
Bitcoin is therefore already a path to economic freedom, regardless of its $-denominated price. You have absolute autonomy to transact with whomever you please. Its value in that specific transaction is determined by the judgment of you and of the other party.
Bitcoin is not important because its price will go up, its price will go up because it is important. It is important because it frees any person who opts into it to operate as an independent economic actor and cut out the leeches which currently constantly corrode their wealth.
It will never be too late to buy Bitcoin and become economically free. But I concede it will become increasingly unlikely to achieve (my definition of) financial freedom solely by investing in it.
Thoughts? I appreciate the debate 🙏
Do you not subscribe to the idea that the BTC price you get is the BTC price you deserve?
Sure, it won’t be ideal that mega-corporations and the top 10% of wealth holders buy up a massive amount of the available supply while prices are absurdly undervalued.
But they were quicker to catch on than the average person who’s clueless about the fiat con.
One caveat I’ll make is that anyone disingenuously discouraging Bitcoin adoption while simultaneously secretly buying it is unacceptable, IMO.
I tried zapping you for this brilliant revelation… pain.
Cheers for this, Jono. My intuition has been telling me Nostr is more of a game-changer than it seems on the surface, and this finally made it click for me.
This resonates with me.
I’ve been fascinated with Nietzsche’s concept of the Übermensch lately. Are you familiar with it?
Waiting for the Nostr client which auto-zaps 69 sats for every Like and 420 sats for every Super Like. Just a matter of time, surely…
Yeah, sex is cool, but have you ever been zapped 69 sats?
(I haven’t 😭 *nudge nudge wink wink*)
Just received a zap for a meme I posted
What if Bitcoin just totally dropped any affiliation to “crypto”?
Clueless person: “Oh man, the crypto community is growing!”
Bitcoiner: “What’s crypto? I’m talking about Bitcoin”
C: “Bitcoin is crypto? Cryptocurrency??”
B: “Never heard of it. Bitcoin is cybercash; it’s the Internet of money and the money of the Internet; it’s unforgeable truth on a distributed ledger.”
Wow. This gave me chills - thank you very much for sharing. Keep ‘em coming!
What is your honest opinion of Elon Musk?
It’s a one-way escape valve.
2027, probably
#bitcoin
So this tightening has been their best effort to quell rampant inflation, and not only have they failed to significantly reduce the money supply after unprecedented printing, but the global money supply is already expanding again WITHOUT ANY ACTUAL EASING?
It’s like the global economy is taking 5 shots of insulin a day but still eating every meal at the candy buffet…
#[0] so glad to see you’re here, sir.
You’ve contributed so much to Bitcoin Twitter and I always wished there was more I could do than just like your posts.
Zap for you - thank you for all your hard work⚡️
I look forward to seeing you push the boundaries of what is possible shitposting on the new Internet