But my aim is not to convince anyone here and now, just plant seeds for when people start to open their eyes for themselves.
Thanks for the warning... I get the sense that now I am going to be better prepared to be able to panic in the future when "we" bitcoiners have continued to fail/refuse to sufficiently build and prepare like you would like to happen in these here parts.
What do you suggest? BIGGER blocks? A change in BTC's governance? Or something else?
You ruined my sandwich.
Not everyone can be in a position of making a sandwich, especially during the more exciting times in bitcoinlandia.
Dollar buys half of RE in comparison with 2020:
https://www.nbcnews.com/business/real-estate/home-prices-high-mortgage-rates-how-much-money-to-afford-rcna120801That said...
..If you had $324K (worth an average house price) on Jan 1 2020 in the bank, you could buy only about 3/4 of a house (if you are buying in "cash" and with current average house prices at $446 thou), but
..if you had $324K in SP500, you can still buy that house as SP500 went proportionally up (SPY from 321.7 to 421.19, roughly matching the rise in house prices)
...if you had $324K in bitcoin back then (34.5 btc), you can buy two averagely priced houses right now with no mortgage (if you want 'em) and have about $100K leftover (0.34 house).
Bottom line is that in this case you would be essentially unaffected by the affordability crisis described in the link.
Just FYI and another description of why it "pays" to be in bitcoin, long term.
I kind of like your set up Biodom - but still from where are you getting your numbers for BTC?
When I look at January 2020, I see BTC prices around $8k, so if I put $324k into BTC I get right around 40.5 BTC, and so if I look at current BTC prices, $1.215 million (which is about a 3.75x price appreciation.. .which is quite a bit more than double appreciation for BTC prices.
It's a pretty dumb
and misleading metric.
I did not really know much about bitcoin until November 2013, and I did not join the forum until February 2014. The ONLY place that I saw myself or my username was that I had merited one of the cited posts - which surely the merit system first started in January 2018.
This is what I was referring. All users from that thread are not active anyone. The only thing familiar to me was a merit from our beloved JayJuanGee.
Ok.. Fair enough.