What is JAM, proposed by the co-founder of Ethereum and Polkadot, and why should we care?
From Ethereum to Polkadot, Solana to Cosmos—this thread takes a journey through all and introduces JAM...🧵
@AydinKarakoc83 @polkadex Because it’s an island now. That’s why we are building bridges. Inter state highway (Polkadot) now needs to connect to National highways (L1s) and tourists will come in because there’s lot happening in DOT land ;)
“The fact that billions of working men and women must sacrifice 40+ years of their time, energy, health, and focus to gain access to fiat currencies that central banks replicate with a keystroke is theft at the largest scale humanity has ever seen.”
h/t @Wealth_Theory
De-dollarization is real and is happening fast.
Dollar share when from 73% (2001) to 55% in (2020).
Went from 55% to 47% since sanction launched on Russia, now de-dollarizing at 10x faster than the previous two decades. #gold#silver
🔊
Currently the #Bitcoin block subsidy is 6.25 $BTC or $187,500
ASSUMING THE NETWORK & DIFFICULTY REMAIN THE SAME (they 100% will not because the hashrate is growing exponentially)
The 2032 bitcoin block subsidy is 0.78 BTC or $187,500 (has to be in order to maintain the cost structure of the network)
Therefore the minimum price of bitcoin in 2032 must be $240,384
*Hashrate is growing exponentially and as a result difficulty is almost continuously adjusting upwards increasing the cost structure of the bitcoin network*
There is more nuance to this (price should be calculated based on current All In Sustaining Cost vs current block reward value) but generally calculating this is the second most bearish price projection that can be made for Bitcoin at time of halving in 2032
Store of value is a commodity cycle, always has been, always will be.
Further demand from realizations, such as bitocin as CDS insurance on gov debt + pristine collateral, will continue to drive price premiums to the underlying fundamental commodity value even higher.
Price drives hashrate, hashrate drives difficulty, difficulty drives cost structure of network ♾
Do the math #forthekids
#Bitcoin is a bank that can't lend out, invest, gamble, dilute, debase, freeze, or seize your assets. It works all the time, everywhere in the world, and is unstoppable.
#Bitcoin is truth in a world drowning in political bullshit. Bitcoin is hope for those having their time systematically stolen via inflation. Bitcoin never stops working and always does exactly what it says it will do. 21M Bitcoin is certainty for surviving uncertain times.
Fiat banks are mad they're losing business to #Bitcoin wallets. When you pay .00001% interest rates on savings and can censor transactions...what do you expect?