in

Bitcoin: Everything there is, divided by 21 million

Bitcoin: Everything there is, divided by 21 million



View Reddit by Upstairs_Ad_8180View Source

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

5 Comments

  1. It’s actually a brilliant title! If you divide the trade in the Bitcoin economy by this number, you will get the theoretical value of one bitcoin.

    The cost of the Bitcoin will probably be different, and is the amount of fiat, or whatever, that it takes to get one Bitcoin

  2. What? We know exactly where every Bitcoin is and where it’s been. It is interesting that ownership is just knowledge of your keys but almost every other word of that video isn’t true.

  3. F.f.s. people, the wealth transfer scam here is so obvious. You don’t have to be a genius to understand that the earliest adopters would become exponentially wealthy just from setting aside the proceeds of catching a few extra fish or rabbits, which is pretty close to nothing compared to “everything there is.” As the population and the economy grows, more and more value is concentrated into every bitcoin as a result of more and more people doing more and more work. The earliest adopters would end up getting rich off the backs of everyone else. As the population grows, each person participates in the same formula: capture a little bit of wealth that grows exponentially as a result other people’s labor. The system functions as a one-way wealth transfer mechanism, funneling wealth from the many to the few.

    Those two early adopters, catching fish and rabbits, devised a scheme that would let them buy a significant portion of “everything there is” in the future and it only cost them a few fish and rabbits, in other words almost nothing! Pretty clever, aren’t they?

What do you think?

Tales from the Crypt: Citadel Dispatch e43 – bitcoin for beginners with @BitcoinQ_A

Square to Consider Building a Bitcoin Mining System

Like Bitcoin, Everything Important Is Proof-of-Work