08/28/2028 at the latest is very likely. Assuming world war 3 doesn't break out, or another pandemic or major nation state attack at the mining network occurs.
Based on my model, any amount makes you set for life if given enough time but let's do the math for ₿0.21.
₿0.21 ≈ $17,000.
Growth rate of bottom over the long term = 1.002046 compounding daily.
Held for 10 years the equation looks like this:
$17,000 * 1.002046^3650 = $29,516,750.70
Given expectation of the average 6.8% dollar debasement annually seen over the long term, the dollar will lose:
100/106.8 = 0.9363 or 6.367% spending power lost annually.
1*0.9363^10 = 0.5178 or 51.78% of value remaining.
$29,516,750.70 * 0.5178 = $15,283,357.82 of today's spending power.
So yes, if my model is correct then ₿0.21 would make someone set for life in 10 years. Hell, it would make someone set for life much sooner than that, but you get the point. 🙂🫡
☮️🧡₿
The primary use of sound money is as a store of value defending against monetary debasement. The network needs time to grow to support that use case for the entire world, which it slowly does as the world adopts it over time.
Once that function has been fully captured and people refuse to accept anything other than Bitcoin as a medium of exchange will it be used globally in that way.
People are really just being impatient and unrealistic to expect a new technology to replace the entire current monetary system in only the last 16 years. This network is growing exponentially, but even then it takes time to grow to replace the current system when starting from nothing.
Gresham's law.
Good money is saved, bad money is spent.
A Bitcoin circular economy is going to slowly emerge once businesses start requesting Bitcoin and offering discounts for it instead of FIAT.
Bitcoin is the best money to exist in history, FIAT is the worst. I own an much Bitcoin as I can, and I utilize FIAT debt to preserve my Bitcoin holdings as long as possible.
Bitcoin grows it's bottom at 110% a year outside major macro events that are significant enough to shift the trend line down.
Even the 28% APR of credit cards is low compared to that, then when you pay with debt and use your Bitcoin to pay the minimum payments as long as possible you'll end up saving a significant amount of Sats compared to direct payment of Sats.
Plus, the businesses currently receive FIAT regardless of what is spent so I'll just use the current system to my advantage to hold onto as many Sats as possible until it collapses against the unstoppable and growing competition that is Bitcoin.
Good morning to you too Jack. Great song. Thanks for being a leader of the community and creating Strike! GOAT.
Daily active users appears to have grown 50% in a month! Wowsa.
Could've sworn I saw a different video about it, but here's a news clip.
"Where is this fabled place?"
"Bitcoin. It's the future."
"LMAO, where's the yield? Tulip bubbles! Ponzi scheme! Worthless. You're not an economist, we need inflation to run a modern economy. Deflation is bad, and it uses too much energy."
"😑 (Have fun staying poor I guess)"
😂
IMO it's the wealthy in America that will suffer the most, the average American may have a struggle but that's the case even if the current system continued. Something's got to stimulate change, maybe this will end up benefitting the average American in the long run. 🤷♂️
Hopefully that dark path doesn't happen, but it is the current trajectory and it is frightening. Thank you for your point of view as well.
Governments will be forced to adopt Nostr.
People will be forced to adopt Bitcoin.
I don't see anyone talking about the long term implications of soon being unable to tell if ANYTHING digital is real with how fast AI is developing. All "official" communications are now suspect. Soon you won't even be able to know for certain is even phone and video calls are real.
When anyone in their basement can create videos/pictures/audios/documents that all look official, and with scammers getting better at utilizing them all the time to extract value of people, how can we trust anything other than local in person events and official communications signed by verified keys on Nostr? How can custodians trust that they're talking to their customers? We can't, they can't.
When the custodians can't tell if it's you or a scammer, Bitcoin with private keys ultimately become the only way to secure your money against scammers.
Nostr is going to become a necessity, not just a novelty.
People don't realize the changes society is about to undergo.
The bounce of this crash is gonna be 🔥🚀🔥🚀🔥🚀
Lava does not harden into hexagonal shapes.
Only biology does that.
Take all the time you need... https://video.nostr.build/c29b61f4f7a4861a6d877c4b8b86b11b970a920f7a590dbce4114f486e195b2a.mp4
Declaring what something is and isn't when we don't understand how they formed is ignorant. It's okay to wonder how something happened without declaring unfounded claims of how it did.
Not available in all states. Minimum $100k.
That's actually bad for your dishware. The washer soap is designed to break down the food particles from what I remember reading when I first got a dishwasher.
Incredible. Ancient children's shoes from #Rome. Discovered in Palmya (Syria).
Would you look at that, all of them are lower than the dollar debasement rate. It's all a scam! 😱