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I think people are not prepared for a period of prosperity. Perhaps I'm crazy, but I've come around to the expectation that more likely than not, humanity will prosper once again in the future.
If one accepts the above as true, then it makes a lot of sense to use this period of uncertainty wisely. Which is to say, to build for the future.
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Poor economic conditions in the present certainly suppress our views of how prosperous our future can possibly be.
The world will be unrecognizable to us in just a few quick decades
in a good way im betting lol
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I’ll guess they’ll just sell paper bitcoin IOUs? Or try to…
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Surely they already are
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deleted by author
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Boomers buying power vanishing as inflation soars and then not being able to find anyone willing to come to their house to give them a massage at any price.
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Well it depends on individual. For me, I don't prepare to lose.
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21 sats \ 1 reply \ @Ge 15 Oct 2023
People will have to provide value n demand to be paid in bitcoin also none coiners will cry harder they didn't accumulate lol
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they'll be writing petitions to the bitcoin ceo to shut it down
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What happens when this number depletes to 0?
Basic economic theory states that as the supply decreases and demand either remains the same or increases, price will increase. That increase will "bring in more bitcoin" from holders that are now willing to sell at this higher price. The higher the price, the more holders come in willing to sell. Eventually the price stabilizes at an equilibrium (great movie BTW)
That being said, this next supply shock / demand shock that seems destined to happen post halving is very interesting to us. It will be a first in human history. A point where the entire globe (well not everyone but most with money) has access to trade a good without anyone able to stop it, halt trading or whatever coupled with a completely fixed supply. This has never happened before. Ever.
Will the price just keep Mooning? $100k per bitcoin? $1m? $10m? $100m? Literally no one knows as there is no previous data to estimate from. It should be quite interesting!
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staying cautiously optimistic...
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Time for Bitcoin fuckery to move to ETFs and tradfi?
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will be interesting to see how long paper bitcoin holds up for..
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