How many people can afford to hold their own keys? \ stacker news ~bitcoin

How many people can afford to hold their own keys?

1090 sats \ 8 comments \ @Johnny21 13 Mar bitcoin

My assumptions:

Onchain for daily usage: 500k (200m tx per year in total divided by 400 tx per person)
Onchain as store of value: 50m (200m transactions per year divided by 4 tx per person)
Lightning: 500m (5m BTC divided by 1m sats per lightning channel)
Covenants: ???

I think it's more about how many people are willing to put in the effort to learn and test - being responsible for themselves.

10 sats \ 0 replies \ @kepford 13 Mar

This is so true. Its true in so many other things as well.

230 sats \ 2 replies \ @DarthCoin 13 Mar

No worry, at least half of world population will die soon... because they are stupid jabbed. From the half remained, those jabbed but still escaped somehow and didn't died, are infertile, so no more heirs to keep the keys.

We will remain with just a quarter of world population soon.

Bitcoin is not for the weak... only for the brave.

10 sats \ 0 replies \ @jk_14 13 Mar

I recently had a nightmare that I suddenly went crazy and got jabbed against Covid... uh...

0 sats \ 0 replies \ @Fabs 13 Mar

You've really got some problems man, and I wanna be one of them.

10 sats \ 0 replies \ @expatriotic 13 Mar

It's crazy, Satoshi wrote about tx fees not even being necessary but speculated that eventually a fee market might evolve... Now we're talking about bitcoin as the base money layer of the world with 500 sat/vB tx fees. I've spent 300 sat/vB before.

0 sats \ 0 replies \ @DudeJLebowski 13 Mar

I just counted - it's 7.

0 sats \ 0 replies \ @Coinsreporter 13 Mar

Why, why? Maths always comes back to haunt me. I am no mathematician, yet I can assure you that everyone will get to know how many?