bitcoin sellers map in cash app out now to 100%.
convince your local square seller to turn on bitcoin acceptance for zero fees on sales.
convince them to keep it as bitcoin to help them better survive dollar debasement.
JUST IN: It will cost the U.S. government about $700 billion dollars to send $2,000 dividend checks out to every U.S. citizen. That is the equivalent of over 6.6 million bitcoin.
Would it be better if the U.S. just bought Bitcoin for a Strategic reserve, instead?
@maxkeiser@bitchrist Yes, spiritual is how I think about it. People pour the hearts and souls into whatever craft they are pursuing. To debase that is evil and to help preserve it is pure.
@bennyjohnson How much will be left, $5? The most braindead idea ever. Spend it on something meaningful, like eliminating income tax for everyone below X.
There are a lot of things in "Bitcoin One Million" that you won't find in any other book. Here are my top 3.
1. A full treatment of the Power Law.
You have heard me, Giovanni, Sina and PlanC talk about it and post about it, but as far as I am aware this is the first book to cover it. This is a REALLY IMPORTANT thing to cover, and probably the single biggest reason we are convinced of the 1MM in 5-10 years hypothesis. If you are serious about BTC you owe it yourself to get the facts.
2. A complete study of Money Printing and Inflation.
You might have caught Mathew Mezinskis and others going over the growth of M3 and how money is multiplied by the banking system, but here it is in one place, together with a comprehensive treatment of inflation.
3. An in-depth analysis of how both AI and Quantum are likely to impact the price of Bitcoin going forward.
You can get the facts, and make long term asset allocations like a grown up, or you can devolve into degenerate gambling like James Wynn and others.
Your choice.
Why 10MM Bitcoin might be low (longer term)
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To go from 2T --> 20T Market cap (Bitcoin 1 MM) should require something like 1-2T in fresh capital (10x-20x multiple)
To get to Bitcoin 10MM we would need 10-20 Trillion.
That might sound like a lot, but we will print 150 Trillion worldwide just in the next 10 Years.
I think Power Law holds for 10 years, but there is a chance that the "dam breaks" soon after, and you can see how 10MM+ per coin could happen really fast.
@NickSzabo4@AdamBLiv 50 year mortgages will drive the RE prices up due to increased demand and thus there will be no delta in monthly payments relative to before, but they will pay 2x in interest.
@AdamBLiv 50 year mortgages will drive the RE prices up due to increased demand and thus there will be no delta in monthly payments relative to before, but they will pay 2x in interest.
@alifarhat79 How is no one talking about out the fact that 50 year mortgages will drive the RE prices up due to increased demand and thus there will be no delta in monthly payments relative to before.