Don’t Trust Verify! #bitcoin

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No company or person could handle such a massive amount of debt, so how does the US government manage? They essentially create money, which takes away the buying power from the people, through a process similar to printing fake money.

The US Treasury has a huge amount of debt and obligations, equal to $219 trillion, while they expect to receive only $4.6 trillion in tax money. This is similar to someone earning $100,000 per year but owing $4.8 million in debt. Surprisingly, they are planning to borrow even more money.

As the price of Bitcoin goes up, more people want to help run the network because the reward is worth more. This makes the work harder, so only the most powerful computers can do it. When this happens, the Bitcoin network adjusts and makes the work even harder, which increases the costs to help run the network. Even though we can't predict the exact price of Bitcoin in 2032, we can say that it will probably be worth a lot more than it is now. This is because people will continue to see Bitcoin as a valuable way to keep their money safe and as a way to protect themselves from government debt. So, as more people use Bitcoin and the network becomes more difficult to run, the price of Bitcoin is likely to keep going up over time. This cycle keeps happening, making Bitcoin more and more valuable.

Right now, for each group of Bitcoin transactions, called a "block," people who help run the Bitcoin network get a reward of 6.25 Bitcoins. That's worth about $187,500. As more people help run the network, it gets harder to do the work, and this changes how much reward they get. In 2032, the reward for each block will be around 0.78 Bitcoins, but it will still be worth $187,500. This means that by 2032, one Bitcoin will have to be worth at least $240,384. The actual price could be higher because of other factors, like people wanting to use Bitcoin as a safe place to keep their money or as a way to protect themselves from government debt. The price of Bitcoin makes it harder or easier to help run the network, and this cycle keeps going on and on.

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Not giving it up!