How long do you think till 1 sat equals 1 dollar ?
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268 sats \ 10 replies \ @zuspotirko 24 Jul 2022
1 sat = 1$
<=> 1BTC = 100m
=> Market cap = 2 thousand trillion
Currently all stocks world wide are estimated to be 90 trillion
Your scenario is either waaay into the future or in an extreme hyperinflation. My guess is that this probably won't happen.
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55 sats \ 1 reply \ @EnormousPony 24 Jul 2022
Comparing bitcoin to stocks
cringe
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44 sats \ 0 replies \ @zuspotirko 24 Jul 2022
I did not want to compare it
(note how it does not say one is x times the other or ANY other verb that indicates comparison)
Just putting things into perspective
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49 sats \ 2 replies \ @Brunswick 24 Jul 2022
You should compare market cap of bitcoin to all excess value in stocks, all excess value in gold, all excess value in land and real estate and all fiat currency in the world combined.
This is the hyperbitcoinized market cap.
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300 sats \ 1 reply \ @zuspotirko 24 Jul 2022
That's a weird metric. You mean currency + investment assets?
Are you sure that's what you want to say?
- Comparisons to currencies makes sense. But then you have to make lots of design decisions what you take into account between M0, M1 or M2 and cash-equivalents.
- Taking investments assets additionally in would mean Bitcoin would replace those. This does not make sense. A piece of land has an objective value greater zero. This wouldn't change by changing the denomination
- Taking investment assets into account can make sense under the premise that current investment assets are overvalued and savings assets are undervalued due to our inflationary money system. In the finance world we would call this a "valuation factor" which basically means you would multiply it with a number between 0.99 and 0.01. This can easily approximated for stocks with the so called Discounted Cash Flow method (short: DCF) but is probably impossible for real estate or paintings.
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0 sats \ 0 replies \ @Brunswick 24 Jul 2022
All assets are overvalued by a significant percentage because of consistent inflation due to fiat. To move to a fixed supply money will allow illiquid assets to deflate to the value of their use rather than their value as an investment to hedge inflation.
All securities purchasable with tax deferred or tax free retirement accounts are artificially inflated due to people who otherwise wouldn't invest in risk assets to as a savings vehicle. This is what I mean by excess value.
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0 sats \ 0 replies \ @selfish_gene 24 Jul 2022
занести на рынок 10 000 000 000 000 $ и ты сможешь купить лишь 1 000 000 монет... дальше тебе цена не позволит купить 1 монету за 100 000 000 000
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0 sats \ 3 replies \ @selfish_gene 24 Jul 2022
когда на рынке всего 1 монета? что будем делать?
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0 sats \ 2 replies \ @tomlaies 24 Jul 2022
Well, all of this is pretty out there ... Would there be no fiat paper money backed by fractional Bitcoin reserve banking? What would the economy look like then? Are we taking derivative financial products into account? What about cash-equivalents like short term bonds? Are talking todays dollars or then dollars?
The best orientation would be the counter values. What is the counter value in goods and services? Or buying power per capita like people used back in the days.
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0 sats \ 1 reply \ @selfish_gene 24 Jul 2022
нет... мне проще передать реальный чем банковский....
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0 sats \ 0 replies \ @tomlaies 24 Jul 2022
The market cap of all currency does not only depend on what you do. It also depends on what the millions and billions of people out there do. And remember that most people are dumb and do not care.
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36 sats \ 0 replies \ @TheBTCManual 24 Jul 2022
I mean does this really matter other than a psychological milestone, 1 sat 1 USD the dollar wouldn't have the purchasing power of todays Tanzanian shilling
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0 sats \ 0 replies \ @selfish_gene 24 Jul 2022
давай занескм на бинанс 1 000 000 000 000 $ сколько мы можем купить биткоина? 20 000? монет 5000000 монет есть на рынке? нет а значит что цена будет выше а если мы занескм 10 000 000 000 000? то нам нужно купить 500000000 монет. они точно есть на рынке?
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1 sat \ 0 replies \ @derekross 24 Jul 2022
Eventually, though that won't happen in my life time. Right now, I'm just hoping to see 1 sat = 1 cent. I'm hoping this will happen around the year 2030.
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0 sats \ 0 replies \ @2bithits 24 Jul 2022
50 years
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0 sats \ 0 replies \ @faithandcredit 24 Jul 2022
it will get close near the end of 2031 according to this prognosis that simply copies the price action from 2012 until now and pastes it back in
https://www.tradingview.com/x/04XtT1wR/
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0 sats \ 0 replies \ @cryptocoin 24 Jul 2022
If that happens it won't be when because $1 has anywhere near the purchasing power it has yet today.
If we have hyperinflation, and the dollar loses such value that it takes $10,000 to buy a burger, then 1 satoshi = $1 would likely come well before that.
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0 sats \ 0 replies \ @EnormousPony 24 Jul 2022
It will take a while but we will get there, one by one bitcoin will absorb all the value in the world. First silver parity, then gold, then 1c and at the end 1$
Maybe not in our timeline but our children or grand children will be forever grateful that we stacked sats during the early days
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0 sats \ 1 reply \ @selfish_gene 24 Jul 2022
когда на печатаем ещё х10 денег.... 5 лет ждать или 3 халвинга.
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0 sats \ 0 replies \ @nout 24 Jul 2022
Well, you need 4411x, not just 10x... :)
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