Happy Sweet 16 to Bitcoin!
Today marks 16 years since Satoshi Nakamoto mined the Genesis Block on January 3, 2009, kickstarting a revolution.
From being valued at $0.0009 in 2009 to breaking $100,000 in 2024, Bitcoin has come a long way.
With 1 billion transactions processed by May 2024 and ranking as the 7th largest asset by market cap, Bitcoin continues to make history.
Here’s to the next 16 years of decentralization, innovation, and financial freedom!
Do you have a fixed goal on #Bitcoin you want to achieve? Forget it, way too demotivating. Bitcoin will most likely outperform you. I have a much more encouraging and logical method of stacking for you:
One of the most terrific features about Bitcoin is its mathematical predictability - not the dollar rates to go by - but much more brilliant: it's possible to see exactly when and how much Bitcoin will enter global circulation to the amount that already exists. Why don't we take advantage of this verifiable fact?
Bitcoin's inflation schedule is simple in principle, every four years, 210000 blocks to be exact, the inflation rate halves. When something halves on one side, something else doubles and in this case your wealth/purchasing power.
Now get this: If you track your wealth as "number of Bitcoin held divided by current block subsidy" you will realize that every 210000 blocks your wealth doubles.
The important thing here is to use the current block subsidy as a guide, not your individual accumulation goal.
By taking this view, we have included a core element of Bitcoin - the steadily halving inflation rate - as a variable, and by far more impressively demonstrates the value of Bitcoin compared to normal view of accumulation.
I am a Bitcoin artist, but such a masterpiece of precision, perfection and ocean of ever-new discoveries as Bitcoin presents to us leaves me speechless and spurs me on all the more to work in the service of such perfection.
Make 1 block subsidy yours - time is on your side.
It’s quite simple, it’s #Bitcoin or neo-feudalism.
Fiat money is a form of perpetual indentured servitude to the state. It doesn’t get pretty with Debt/GDP >120% either.