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R4
npub1asl3...4p4u
r4aviation.com
if you like ๐คฏ
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why is my opinion that Bitcoin is not the answer, you ask? ๐
Bitcoin is finite. much like gold.
this means as more people want to adopt it, less BTC is available per person on average.๐ถ
that increases the value of Bitcoin.
meaning as time passes and more people adopt BTC, the same BTC you have today will be worth more tomorrow. (on average)
๐ค
that in turn makes people horde BTC instead of using in in daily life.
contradictory to BTC adoption as a world currency.
people - can the same Satoshi invoice be used multiple times?
or can it only be fulfilled once?
๐ค๐ค๐ค
the final value of Bitcoin, if Bitcoin was to be the world currency, in today's money compared to the USD.
if BTC is the only used currency, used by the entire world.
my math is this:
21 million coins divided by world total adult population, which is just over 5 billion.
so
21 million / 5,298,564,000 = 0.00396 btc
the world adult average wealth
is $8360 USD. (only)
so
roughly in today's numbers,
$8360 USD = 0.00396 BTC
1 BTC / 0.00396 BTC = 252
252 * $8360 USD = 2.1 million USD
rounded here of course but check Wikipedia's wealth numbers..
but that's the math.
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#[0]
List of countries by wealth per adult - Wikipedia
so does nostr / amathyst do this?
save the URL of my picture or video from my camera roll, via what? IP?
if I delete the video from my camera roll, it will be gone, from my post, right?
if I switch IP, is it also gone?
does somebody know this?
just incase
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๐
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so Bitcoin is not the solution, exactly because of this reason that it has a finite supply.
doing the math, when considering the world population and the world's average wealth, decide that by 21 million, you end up with a value of
$2 million dollar value for each Bitcoin.
if the Bitcoin was distributed all at the same time, in accordance with each and everyone's current wealth status, then it would work.
but that's not what is happening.
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each person takes their savings, and trades those in for the digital currency.
but Bitcoin supply remains the same, which raises the price of Bitcoin with every dollar that switches to the market cap of Bitcoin.
every day bitcoin becomes more expensive and the early adopters become filthy rich, while the last few people to switch their dollars into digital, will essentially lose their savings, since they can buy only fractions of a Bitcoin by that time.
lnbc100n1pjrkp00pp5gk6j8rc5y4an38h8mmk30w7xcer0z9c0mh7uu64u4y928gynvppsdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp52x7rw3klzcksjn6ggn50s2zzm8x3wee28y9cn2fp9fmncxtg2slq9qyyssqsjp88ck6kmzj7azq7tnsw293za90vhkf507hkcmf4sjfem4mx3aycm5wn0vkzqw26le3hvc4fl6mz035wwa4es5uzlz8yn3gc74hnpcqsmfjdy
a decentralized digital currency needs to be adopted, meaning all countries fiat money needs to be 'traded' in for the digital currency.
a finite digital currency promotes extreme gaps between rich and poor.
the correct digital currency is one that grows it's supply at the same rate as it's adoption rate.
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if you do the math,
the final value of one Bitcoin if adopted by the world would be $2 million.
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Bitcoin with it's finite supply is not the answer.
as Bitcoin grows in acceptance the same 21M coins are shared amongst more and more people.
that means holding on to it, is your sure way to get rich.
however, holding on to it, means not using it, meaning it is not gaining acceptance.
so this is contradicting.
a coin that increases in volume with time, is better suited to hold it's value, instead of gaining value, which is a better future collectively.
Fiat gets changed to the decentralized crypto and at the same time more coins are released automatically, by the system.