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Why we are still so damn early with #Bitcoin :
Every Bitcoiner knows about the famous 10,000 Bitcoin for two pizzas (~$40) - the exchange in 2010 where Bitcoin was first used as money.
Even though 10,000 Bitcoin now means complete financial freedom, many people see this as a reason to believe that the Bitcoin train to financial freedom has sailed.
This is not the case and the answer lies in Bitcoin's monetary policy. Bitcoin Pizza Day happens many hundreds if not thousands of times every single day around the world. What was 10,000 Bitcoin in 2010 is ~150,000 Satoshi today and 10,000 Satoshi instead of 10,000 Bitcoin for two pizzas in the not too distant future.
Due to Bitcoin's absolute scarcity and clearly defined inflation plan that can always be determined in terms of time, it cannot be otherwise than that a unit of these 21,000,000 steadily becomes more valuable and thus fragments of these units as well.
Not even 1% of people on the planet are familiar with the fundamental strength of Bitcoin. Over 99% don't know anything yet. The halvings can NOT be priced in if 99% of people don't even understand Bitcoin.
Bitcoin's network effect and the economically highest incentive structure that a money and commodity has ever been able to achieve since humans have existed, will create extreme demand and need, so that the one percent will become 2, 4, 8, 16...
We spend 150,000 Satoshi today. Maybe even for two pizzas. In the year 2068, those two pizzas will be a whole block subsidy and certainly more than 1% of humanity will have discovered the final step in the evolution of money by then.
We're not even in the infancy of this Bitcoin evolution, we're only just putting it on.
Every Bitcoiner knows about the famous 10,000 Bitcoin for two pizzas (~$40) - the exchange in 2010 where Bitcoin was first used as money.
Even though 10,000 Bitcoin now means complete financial freedom, many people see this as a reason to believe that the Bitcoin train to financial freedom has sailed.
This is not the case and the answer lies in Bitcoin's monetary policy. Bitcoin Pizza Day happens many hundreds if not thousands of times every single day around the world. What was 10,000 Bitcoin in 2010 is ~150,000 Satoshi today and 10,000 Satoshi instead of 10,000 Bitcoin for two pizzas in the not too distant future.
Due to Bitcoin's absolute scarcity and clearly defined inflation plan that can always be determined in terms of time, it cannot be otherwise than that a unit of these 21,000,000 steadily becomes more valuable and thus fragments of these units as well.
Not even 1% of people on the planet are familiar with the fundamental strength of Bitcoin. Over 99% don't know anything yet. The halvings can NOT be priced in if 99% of people don't even understand Bitcoin.
Bitcoin's network effect and the economically highest incentive structure that a money and commodity has ever been able to achieve since humans have existed, will create extreme demand and need, so that the one percent will become 2, 4, 8, 16...
We spend 150,000 Satoshi today. Maybe even for two pizzas. In the year 2068, those two pizzas will be a whole block subsidy and certainly more than 1% of humanity will have discovered the final step in the evolution of money by then.
We're not even in the infancy of this Bitcoin evolution, we're only just putting it on.
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