Oddbean new post about login | logout Lol, even at $10million per Bitcoin, a whole coin gets you nowhere near ultra rich by today's standards, nevermind what 10-30 years rich will be
This assumes a globe of 29 thousand monarchies.
Yes, I get it. I could be wrong, by my assumption is that the top 29k families are considerably more wealthy that 10M net worth. likely 100M + But honestly so have no idea
Not when the future is evenly distributed with Bitcoin. You're thinking in cantilion fiat terms. .0018 assumes only 29k hodlers as well. So if you stack is spread among your people, it's even less.
But that is illogical, as the distribution is already as uneven as fiat. Why would my single Bitcoin be distributed to others? I'm not a communist. That, plus fiat isn't going away as long as there is government. I am not ashamed to state that I clearly do not understand the premise of this exercise.
You're just wrong about the distribution. Bitcoin has and will continue to more evenly distribute as time moves. It observably already does so. There is a fixed supply. Unlike fiat, wealth cannot be gained by being closer to the money printers. As NGU, you will spend at some point. It does no good just sitting there. Everyone has their price and I'm not selling any time soon but we see this every cycle. What do you think is happening with the big dips and crashes? It's spreading out. The number of unique wallets that hold over 1 BTC is now more than a million. Money is no good unless you can one day spend your hard earned savings on improving your life. If you have a whole coin and it goes to a million will you not consider buying a house or some land? Maybe starting a business to generate more income, create more jobs, etc.
The number of address means literally mothing. I can send 10 coins to 10 different addresses in a minute that doesn't mean there are 10 1btc holders We have no idea how many 'whole oiners' there are in reality. Let's assume 1 million though. There are 8 billion people in the world, that's peanuts There are roughly 58 million millionaires in the world. So with Bitcoin at 1 million per coin, there will never be even half as many whole coiners as there are millionaires currently. And many of them will be the same person. The number of whole coiners will concentrate over time, obviously, as people keep trying to accumulate, invest, sell stuff in btc, etc.. The early adopter have been and are still rewarded via supply and price. I have no idea what I will do with my Bitcoin. I already have land, homes, cars, family. Perhaps I'll buy a sailboat. No idea.