Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by BALIK (1)
The exact second I made this post... there were:
8,228,120,127 living humans on the Earth: https://www.worldometers.info/world-population/ (some many of them were born JUST SECONDS ago!!!! Happy Birthday new human... God bless you! Good luck! It is scary as fuck as I write this!!! I hope it's nothing but sunny by the time you can read it!)
Currently the new Bitcoin minted each day is 450. (3.125 per block... 6 blocks per hour... and so on... you can do the math)
So...
Each day.. 450 Bitcoin are created.
If we distributed them across every living human:
450/8228120127 = 5.469049953747716e-8
5.469049953747716e-8... Hmm... damned scientific notation. Maybe a few of you got it. I didn't though... I need regular 8th grade type numbers.
So... for each human every 24 hours we are making 0.0000000546 Bitcoin.
Rounding... that is 5 sats. Almost six. But not yet... and... never again. It will never get to 6.
So... for each human on Earth... a potential 5 satoshis is minted each day.
At that rate... for you to get a MILLION satoshis... which is 0.01 BTC. It would only take ~547 years.
If you are fortunate enough to have accumulated a WHOLE bitcoin... That would be equal to over 50 thousand years for the average person to be able accumulate at THIS point... But then... the halving is really only right around the corner.
You are rich.
Plan accordingly.
8,228,120,127 living humans on the Earth: https://www.worldometers.info/world-population/ (
Currently the new Bitcoin minted each day is 450. (3.125 per block... 6 blocks per hour... and so on... you can do the math)
So...
Each day.. 450 Bitcoin are created.
If we distributed them across every living human:
450/8228120127 = 5.469049953747716e-8
5.469049953747716e-8... Hmm... damned scientific notation. Maybe a few of you got it. I didn't though... I need regular 8th grade type numbers.
So... for each human every 24 hours we are making 0.0000000546 Bitcoin.
Rounding... that is 5 sats. Almost six. But not yet... and... never again. It will never get to 6.
So... for each human on Earth... a potential 5 satoshis is minted each day.
At that rate... for you to get a MILLION satoshis... which is 0.01 BTC. It would only take ~547 years.
If you are fortunate enough to have accumulated a WHOLE bitcoin... That would be equal to over 50 thousand years for the average person to be able accumulate at THIS point... But then... the halving is really only right around the corner.
You are rich.
Plan accordingly.
So nice and scary calculation dude, let me add a little more scare
You know, we still have 3 years for the next halving, miners had a good time, but not too long
Poulation keeps growing and we are continuously adding 70m newborn every year. so the number of human keeps getting bigger dude... flipside, halving effect keeps minted bitcoin smaller every 4 years.. so hypothetical daily 5 satoshi/person is getting squeezed from both ends!
This secret sauce of bitcoin says, although miners are rewarded now 3.125 BTC per new block invention, very soon it will drop to 1.5625 BTC per block, next 0.78125, next 0.390625, and it will continue until all 21 million are mined.
So the hypothetical 5 satoshi for every person will be going to get even smaller gradually, it will take near around 2000+ years tho..
The other day I saw an estimate that there was only 0.003BTC for every inhabitant of the world. But these accounts have been around for some time, at the moment it must be a little over 0.002BTC. As the population increases, the amount that falls to each person becomes smaller and smaller.
Having 0.003BTC will already be more than many have ever managed to have. Getting a full 1BTC means that you will be very rich - if bitcoin continues to appreciate.