69 sats \ 3 replies \ @axzwk 29 Jun 2022 \ on: How much land is 1 bitcoin? bitcoin
That's a good analysis, but you have to also take into account that:
  • There's a substantial portion of land on earth that isn't habitable (mountains, deserts, etc)
  • Not all land will be worth the same; a sq meter in Miami will be far more expensive than in the centre African region.
  • Bitcoin will not only be used to trade land, so dividing all land by 21M might not be correct.
write
preview
100 sats \ 0 replies \ @go 29 Jun 2022
sorry @majjin, there's one of these in every group.
@ax, it was a visualization, not a prescription
reply
7 sats \ 0 replies \ @Majjin OP 30 Jun 2022
I actually thought about removing habitable land but I wanted to keep the post short and simple. Plus like @bixxxin mentioned, this is a way to visualize how large a sat is compared to a whole coin, not an analysis on bitcoin's present or future purchasing power.
reply
0 sats \ 0 replies \ @CheezeGrater 30 Jun 2022
I agree that working only with habitable land is a better analogy, and since we're at it, what is the estimated amount of bitcoin that will still be accessible by the time all of it has been mined?
reply