Imperator Pepe's avatar
Imperator Pepe
npub150s3...jv07
It’s interesting that a sub of 5 guys goes missing while searching for the Titanic at the very same time that mainstream institutions are adopting what will be the next world reserve asset and eventually currency. The Titanic was used to remove opposition to the Federal Reserve with the end goal of controlling the world’s money.
How scarce will #BTC be for the individual? I’d like to explore how little of this digital commodity will actually be available to the average individual around the globe. is a great starting point for this conversation. This resource conceptualizes how scarce bitcoin truly is. It is very simple in its breakdown. Total circulating supply 19.4M BTC / Total population 7.9B people = roughly 240k sats per person. This is a great conversation for orange pilling. However to truly figure out how scarce this commodity is for the average individual, we will need to tighten the screws a little bit more. We will need to estimate a couple bits of information: 1. What is the true amount of the LIQUID supply of #BTC 2. We will need to estimate the breakdown by percentage of accumulation by nation states, corporations to ultimately figure out what is left over for individuals. There are a few opinions on how much of the total circulating supply is liquid. One guesstimate on the conservative side of the scale, measures how many bitcoins haven’t moved in 12 months. If 3/4 of bitcoin hasn’t moved in the past 12 months, that means that the remaining 4.85M could potentially be liquid in this scenario. We will use simple math like bitcoinsperperson.com for the sake of concept: 4.85M BTC / 7.9B individuals =61k sats per individual. Starting to feel the squeeze yet? We haven’t even accounted for nation states and corporations yet. For example, Michael Saylor, Chairman of Microstrategy, has already accumulated 140k BTC to hold on the balance sheet of his software company. Are you prepared anon? Some people think the remaining liquid supply is even less than that. For instance, @luke_broyles suggested remaining liquid supply was 3 million. This assumes all the remaining BTC on exchanges and then some wiggle room for additional bitcoin sellers on top of that. That would be roughly 1.1M BTC from sellers, as the BTC balance sheets for all exchanges show 1.9M remaining there. 3M BTC / 7.9B people = 38k sats per person 😵‍💫. NOW let’s factor in how much we think nation states and corporations will want to gobble up. Below is a reasonable breakdown by percentage. I don’t know if these percentages will be right or not, but they are just estimates to determine what the average individual will have leftover in terms of sats. I’m open to feedback on this, but this gives us a framework for conceptualizing and further conversations. Nation States 65%-70% Corps 20%-25% Individuals 5%-15% This is assuming nation states with out capabilities of printing their own currency are already accumulating or mining and that at some point nation states WITH money printers will start to print fiat to purchase BTC. Corporations will eventually realize the cash holdings and treasuries on their balance sheets are melting ice cubes and will search for ways of retaining their cash value. On the high end of the scale. 15% of 4.85M, liquid supply, is 727,500 BTC. Doing the math once again brings us the following: 728k BTC / 7.9B people = 9208 sats per individual🤯😵 To give you perspective there are 50M’ish millionaires. I’ve seen as high as 65M, but these numbers are all just estimates and I’m not trying to squeeze the most sexy number I can to make myself feel better. I am honestly searching for the most likely possibility. 728k / 50M = .014 BTC per millionaire I think Sat/dollar parity is only the beginning, however this isn’t even a conversation on price, just scarcity. At the time of this writing the dollar price of 10k sats is $2.70. You have no excuse. We are so early. Are you stacking? #hyperbitcoinization
Just trying to flesh out a thought here on global adoption: If global adoption is <1% That probably does not include Nation States, corps, and everyone else outside of bitcoin sphere If current circulating supply has 2/3 of #BTC that hasn’t moved in over a year. Then that means at hyperbitcoinization, everyone will be clamoring over what’s left. These are rough numbers: 19.37M current circulating supply 1/3 x 19.37 = 6.45M That begs the question. What percentage of 6.45M will be obtained by nation states, corporations, and individuals. Nation states 70% = 4.5M Corporations 20% = 1.2M Individuals 10% = 645,000 Now a simple google search of global pop over age of 18 means at the moment each individual (if divided equally) would be .00014333, roughly 14k sats 🤯🤯🤯. We are early Stay humble and stack sats
#[0]​ I was rereading covfefe dig. I stopped to listen to Hillary Clinton call us a basket of deplorables, but even in the speech she mentioned @0:38 that “[the deplorables] used to have 11k and now they have 11M” 11 11 and I was like 😳. Vibrations are real!
@gmoney 315 weeks on the dot from the infamous covfefe tweet is June 14 this year. image
image Looks like we have a RarePepe hit with a Covfefe hit as well #[0]
Only at the [economic] precipice will people find the will to change.
#[0]​ Q1029 is a 4/5 delta with Covfefe time stamp talking about Force projection, April showers (think storm), and Forced reaction. Take that along side Q1030 talking about a crash. Do you think they force it soon?
I first heard about BTC in 2017, I didn’t look into it because I was thinking it was the tech behind the beast system of Revelation. Little did I know it is the freedom tech that will save people from the beast system
67% of all mined #BTC hasn’t moved in a year. The liquid supply of BTC is shrinking and adoption is at 0.5%. If there are 55-65 million millionaires in the world. How much BTC will they be fighting over when they finally ‘get it’? Now what about the 10’s of thousands of corporations worldwide. How much will they be fighting over when they finally ‘get it’? And finally nation states, Russia just announced international trade being priced in bitcoin. How much will be left when nation states fight for what’s left?
With a long enough time horizon, $10M BTC is not bullish enough
Humility is the cloak that protects you from the blinding brightness that can be pride. #Stackingsats
For where your treasure is there your heart will be also… The above used to bother me I always figured it should be the other way around. That you invest in what you believe in, but bitcoin had taught me that this👆🏻is truth. Bitcoin fixes the incentives that shape and pull on your character. Where you store your value, how you store your value influences your decision faculties which in turn influence your emotions and everything else downstream.
As a pleb, I’ve always been curious how bitcoin wages are going to play out. Employers have to negotiate for ever-decreasing wages?