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10 sats \ 2 replies \ @Majjin 11 May 2022 \ on: How Many Bitcoin Will HyperBitcoinisation Run on? bitcoin
I agree that half the supply will be lost and the other half will be accessible. However, of the supply that's not lost, I think a third or more will be locked up in cold storage. So 6 - 7 million bitcoin on the market IMO. That's just my gut feeling.
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1 sat \ 1 reply \ @TheBTCManual OP 11 May 2022
So if we agree that a float of 6 - 7 million sets the price of bitcoin, is recycled for productively as hodlers don't bleed out very much and nor do miners in the future, it sort of breaks my head because donimointing in fiat would make very little sense or man a satoshi would be worth a bunch
I wonder how it affects pricing, will we be priced in sats or denominate in USD but settle in sats, I feel like there's going to be a long awkward period of that before we fully talking in sats
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10 sats \ 0 replies \ @Majjin 11 May 2022
I think the economy will be a pretty even mix of those who use their national currencies and those who use Bitcoin. During that transition period, I think that services like Strike will become very widely used. A lot of businesses will settle transactions in sats through these services but will still be denominated in USD or whatever currency they have. I have a feeling that this will be particularly true for businesses in the energy sector.
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