Oddbean new post about login | logout While owning 1 #Bitcoin might not appear significant at first glance, given that 3.125 new Bitcoins are mined every 10 minutes through the current block subsidy, it's essential to consider the long-term perspective. The very same 1 Bitcoin will ultimately equal the cumulative total of all new Bitcoins mined between the years 2101 and 2140, underscoring its potential value and scarcity in the future.
How can something worth over 50k USD not be seen as valuable at "first glance". Westerners have become completely detached from reality. nostr:nevent1qqsrdvsqyt2twwe2fdg3f7e42y5nmqcmxz7eu8efzml2zxy8xyfyq3gpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygz4udp7vkysw0f39l9txqr4uj6xsymfke29nmlndflzle8cszkdrvpsgqqqqqqszt6wyf
👍🏻 1 BTC will be a lot of purchasing power within a few years. It grows double digit every year as we know. That’s the compounding which made Warren Buffett that filthy rich. #bitcoin
21Q sats
True. Developing low time preference is the key.
The main thing missing from the Bitcoin system is an income stream. You can do it if you are mining it yourself or if you invest in a mining pool, but too many of those are scams these days. Wish that wasn't the case.
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