Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
My current amusing thought experiment puts liquidity at around 15 million total coins, with the amusing assumption that we will not see 21 million soon, but have mined 99% in a couple of decades, and a few of those millions lost, while the rest are in some form of cold storage.
We've seen coins aged 9 years move recently. However, I would bet that any coins much older than that, that have not moved, are never going to move, and for all intents and purposes may be considered lost.
In a few decades, we are looking at $50m to $100m per coin. USD.
Just an amusing thought experiment of my own.
I'd like to preface this with a little clarity that this does not represent all the wealth in the world, but rather all the value of currencies or money in the world in the future, essentially the equivalent of M1 to M3 or something like that, the liquid stuff. Maybe the value of entire companies and stocks and real estate too. Whatever it is that will be worth a thousand trillion dollars.
My naive dumb math puts $50m x 15m BTC = 750,000,000,000,000 or about 750 trillion.
This also means the stuff we can't really value like the oceans, the moon, the north and south poles, is not really counted, and who really cares about those except the scientists.
I say, it's a fun thought experiment. Maybe not fun for some of you guys because that would also imply something else is wrong with the world if this comes true.
We've seen coins aged 9 years move recently. However, I would bet that any coins much older than that, that have not moved, are never going to move, and for all intents and purposes may be considered lost.
In a few decades, we are looking at $50m to $100m per coin. USD.
Just an amusing thought experiment of my own.
I'd like to preface this with a little clarity that this does not represent all the wealth in the world, but rather all the value of currencies or money in the world in the future, essentially the equivalent of M1 to M3 or something like that, the liquid stuff. Maybe the value of entire companies and stocks and real estate too. Whatever it is that will be worth a thousand trillion dollars.
My naive dumb math puts $50m x 15m BTC = 750,000,000,000,000 or about 750 trillion.
This also means the stuff we can't really value like the oceans, the moon, the north and south poles, is not really counted, and who really cares about those except the scientists.
I say, it's a fun thought experiment. Maybe not fun for some of you guys because that would also imply something else is wrong with the world if this comes true.
Well to be honest your fun thought experiment is still quantifiable, within reach and comprehend-able at least … see what our “scientists” speculating, things worth $10,000 quadrillion
NASA’s Hubble Telescope has obtained images of an asteroid so rich in metals that its worth puts our global economy to shame. Think $10,000 quadrillion ($10,000,000,000,000,000,000), compared to the world’s economy, which was worth about $142 trillion in 2019.
Isn’t this more absurd than what Hal stated?
Mandatory Edit:
Don’t forget to divide this asteroid into 21 million pieces.
Your acceptance of the framing is a bit ridiculous, shahzadafzal.
The economy is not going to expand merely if an asteroid were to land with all those precious metals within grasp..
So we still have the limitations of various values on earth that would need to be accounted for.
Of course, the value of various rare PMs would likely devaluate based on lessening of scarcity, but it would be quite difficult to presume that the entrance of more PMs would expand the pie by very much, if at all.
By the way, I am going to say that I have a problematic BTC address (or maybe a set of addresses) that concern me in terms of how it (they) was established and consolidated.. so still thinking about how to deal with some of my mistakes that were made.. and even hoping that there could be some ways to resolve some of my mistakes that were made.. but thinking and thinking.. without wanting to describe the particulars with too many details beyond just implying size and consolidation concerns.
You probably don't need help and will eventually figure this out, such as either ignoring the dust, or consolidating it all in one or a few transactions, loading up as many addresses or inputs as you can. But just in case, you can ask around here maybe someone knows what to do, or can do, or if its too much work or its possible.
Sure, at this point, I do not consider my "problem" to be urgent, and I am having some difficulties imagining scenarios in which my "problem" would turn into an urgency.
Without getting into particulars, my problema is just as factor that I have to keep in mind in terms of certain balances that I would prefer to achieve if I were to approach matters prudently and attempt to engage in "best practices" or to even attempt to refine some of my "best" or "better practices", but there are also certain scenarios in which I may well throw the balances of what is better or best out the window, and just say to my lil selfie: "fuck it".. do what I want and suck up some of the costs of doing what I want rather than resolving the matter through "best" or "better" practices.. in other words, not letting the perfect be the enemy of the good.
Sure, I know that I can present matters in the forum, and sometimes I do and sometimes I consider matters that I might be befuddled to resolve to present, if I conclude that it might be a good topic or helpful to my lil selfie.
Love those daily LFC updates
Without breaking Opsec too muchie, is LFC your secret sauce - my friend said.. blah blah blah?
nohomo.. with all the little hairs on the arms? talking in bed about bitcoin..
Sauce 1: "did I ever tell you that I love bitcoin?"
Sauce 2: "I love bitcoin, too"
Sauce 1: "have a good HODL sleep"
Sauce 2: "uie -too-ie hunny bunny, HODL strongie, with those little arm-hairs."
Sauce 1: "You too - no no homo"