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0 sats \ 0 replies \ @ZezzebbulTheMysterious 15 Dec \ on: The US just added an extra 100 years to their empire longevity (Bitcoin vs FED) bitcoin
I want to further add to the true finite nature of Bitcoin. 21M/infinity by consensus.
Land being rare -- the argument is spurious;
The quote is, "they are not making more land", well, Mischief Reef in the Spratly Islands would disagree. But terraforming aside, most people want shelter, not land.
There is plenty of land. Earth could sustain 100x its population easily, but we would need to get a little creative on how that land was configured. People like to poke fun at ideas like Neom Line, but such high density living could raise the quality of life of billions of humans.
While the number of potential dwellings on Earth is finite, it is most certainly many mega multiples of the integer number of Bitcoin. We can build, build, build.
Ordos Kangbashi is a good example, its not that difficult to construct things! The biggest issue is the money used to fund projects -- the fiat monetary system.
When we build these things on debt, macroeconomic effects conspire to make the system unstable. Large projects -- which should be seen as an accomplishment to humanity, collapse in spirals of debt, causing contagion to the rest of the system.
Eventually, an advanced global economy will always trip itself under its own debt, which on its face is kind of silly. If you singularly owe yourself $1, and have $1, you are square.
Eventually so much of its productive capacity starts being wasted tracking and processing the debt. What was originally the enabler, becomes the administrative overhead destroying value.
The whole point of Bitcoin was to vastly simplify the apparatus of settlement of global monetary, it simply strips away the need for that trusted third party.
With industrial construction and automation, I expect a major housing construction boom in the 2030s. This will be funded by Bitcoin bonds. Bitcoin is the only treasury asset that will be worth more as projects run -- how can we ensure a project stays under budget? Accounting with Bitcoin.
Eventually, I feel like it will reach an equilibrium of single person dwellings costing 0.1Ms (100ks) ~ 1Ms (0.01BTC).
At least, never pay more than 1 BTC for Land/RE for more than one person.
On one side of the trade there is so much supply, practically infinite dwellings all made of easily accessed resources -- and the other side has a very finite amount of Bitcoin.