be aware there are 381million africans under the age of 10.
infact there are 678million under the age of 19
so dont downplay how many have internet access.

2 parents 2 kid with internet in the HOUSEHOLD is more like 4 of 4 not 1 of 4, even if there is only 1 name on the bill

bitcoin already has dust limits to make small amounts not really viable for spending

---

the bitcoin protocol does not have decimal places. never has, never will. and nothing should change that
your talking about the GUI display math that makes large numbers look small on screen for human visual aid graphic representation

the protocol has the reward currently sitting at 625000000 units per block.
100101010000001011111001000000 in binary
thats the real hard rule.
not the gui software display denomination of 6.25

bitcoin started with
100101010000001011111001000000000   =5000000000(50)
halving simply removes a binary bit
10010101000000101111100100000000     =2500000000(25)
1001010100000010111110010000000       =1250000000(12.5)
100101010000001011111001000000         =625000000(6.25)

to add 3 "decimals" is not simply adding on bits

it changes current 6.25
100101010000001011111001000000
to become
1001000110000100111001110010101000000000

this not only affects the numerics long term
but also the number of halvings remaining, meaning 10 extra halvings meaning changing from a 2140 end date to 2180 end date

but not only that.
a legacy node would see 'new' value appear as 6250btc where new software sees 6.25000000000
a new software would see legacy value appear as 0.0625000000

so alot of cludgy math and checks would need to be done to make sure no one accidentally swaps wrong value from legacy to new
very ugly to do and can cause alot of bugs and problems

especially if a change such as this does not last or gets undone. suddenly reverting to legacy means that 1000X more coins were made during the period than it should have.

no one should even be considering breaking bitcoin that much to fit some other network numeric scheme.. if the other network doesnt match bitcoin numerics. THEY should change THEIR network protocol to match bitcoin.. not the other way around.

lets say a country has 20 power plants. with production capacity of say 2twh
but only demand of 1.8twh
and they know because of EV they need to get upto 5twh in 8-13 years (2030-2035)

firstly. they would love to sell just 1gwh excess to a new industry (Gw is 1000th of 1tw)
0.2tw unpaid for capacity. offering just 0.001tx to bitcoin mining
this means 310,000 asics could mine there(34exahash). and if electric was say $0.04
netting the country $353,028,000 extra income per year to build more power stations
$2.8bill over 8 years.

that buys a heck of alot of hydro/wind turbines or solar panels
that 8 year extra income can buy 2000 wind turbines
meaning the country sells 1gw over 8 years but then can build 2gw of extra renewable power.. at no cost.. because the 1gw was unpaid capacity anyway.

heck the country could then offer 2gwh (620k asics (68exa))
heck the country could then offer 4gwh (1.24m asics (136exa))

not just mining, not just exchange buying. other ways are for instance become a merchant

if you have 1btc at $41k
and you know a dropshipper(wholesaler) who accepts btc.
buy 41000 t-shirts at 0.00002439 each ($1)
set up a BTC t-shirt site
selling shirts for profit 0.00012195 each ($5)
if you only sell 8200 t-shirt. you break even and get your 1btc back
if you sell all 41,000 t-shirt. you get 5btc  x5

if you dont like t-shirt and dont have $41k to spare, but do have $4.1k and prefer to sell coffee
with 0.1btc find a coffee wholesaler where 0.1btc buys you 20,500 cups of coffee
meaning cost 0.00000488 per cup (20cent per spoonful)
set up a cafe. selling coffee
selling it at  0.00004880 per cup ($2 per coffee)

even if you sell only 10% (2050 cups) you break even to get your 0.1btc back
if you sell all coffee supply (20500 cups) you break even to get your 1btc x10

..
well. alcohol and drugs did not go down in price when outlawed. infact it cost more to get that illicit product.
same can happen with bitcoin

EG
bitcoins cheapest -expensive mining costs are ~$35k(kazahkstan/iceland)-$85k(germany/bermuda)
if kazehkstan and iceland banned mining. or charged a penalty tax on the industry. well the cost of mining would increase bringing the bottomup.
EG changing the iceland/kazahkstan industrial electric rate from 0.04($35k) to 0.08($43k)
iceland and kazahkstan then wont mine. but would buy. meaning more buyers, more buy pressure and less sell pressure. so the price would rise.

american ASIC farms if they were banned at their $0.07 industrial electric rate
meaning in an example only american home hobby miners mined at $0.12 residential electric rate
that too pushes the cost of mining up.

right now american mining costs are
industrial asic farming:   $41,620.43($0.07 electric rate)
home hobby mining:      $49,026.49($0.12 electric rate)

if major american businesses cant mine at $42k to get bitcoin. they will buy it.
if the only american accessible untainted fresh coin is home mining at $49k hobbiests wont sell for less. meaning americans wanting locally bought coin will pay over $49k for it

imagine if kazahkstan and iceland didnt outlaw it. but just doubled the electric fee to $0.08($43k cost instead of $35k cost)
where the market price was $50k due to american policy changes
iceland/kazahkstan would mine again as its profitable to mine

(my priced exampled of mining costs are using the s19pro 110th asics of 3.25kwh at $12k hardware with 2year ROI on hardware)

simply translate the competition categories and then link to the main competition thread for the vote.
explaining how to vote in a way anyone can understand in any language
all that is important is a number/image(category) and a name. anyone can easily understand, in any language

11: franky1

just need to translate it so directions are for instance

multiple language explanation for how to vote for anti-hero would be tag:
11 or : franky1

..
unless you mean the sub community that might be smaller but they have a favourite, but that favourite wont ever win anything because the only 5 people that know them wont vote 20+ times to overshadow a prominent main forum person that has 20+ votes already

by which. maybe try to see what regions the sub forums are in and see what merchants and services operate in that region and try getting them to sponsor a local competition for the region. EG welsh (as staff) can organise his own multicultural competition in april

what if alcohol was prohibited...........
     moonshine, bathtub gin, letting grape juice sit for 60 days to ferment (naturally made wine)
     medical liquor
     bootlegging

what if drugs was prohibited...........
     need i explain. just watch the news.

.. anyway
countries electric use for bitcoin is SMALL. if you want to do the math. take the number of cars that are fossil fuel and imagine it was 2030 when they should all be transitioning to EV. guess how much power a country would need to power all EV cars

countries should not target small industries which are paying for electric now to help power plants upgrade. they should instead invest more into upgrading power plants.. not due to fake fears that bitcoin is stealing much needed electric. (its not)
but because countries need to expand power production to meet real demands coming soon from EV cars

---

also. 2019 asic was 84thash for 3.25kw
also. 2022 asic was 198thash for 5.5kw
imagine hashrate was 200exahash where all asics were one or the other, lets compare:
84th asic = 7,647,059kwh
198th asic= 5,555,556kwh

meaning asics use less electric per hash at each new generation
meaning if the world put a cap of 7.7m kwh
the hashrate can still go up to 277exahash. and then new asics even more efficient can make it go higher after that

---

as for a fear of a 51%
firstly. a mining pool cannot change the protocol rules. if they make a block that doesnt fit the rules. instant reject. nothing to see, gone, bye bye
all they can do is just reorganise transactions in blocks in their favour
but it comes at a huge cost
right now its costs over $240k to mine a block
meaning to mine an empty block. just to be annoying is a $240k cost of electric.
(you might be thinking, but they get block reward to cover it.. ill explain this misconception later **)
to go back 1 block mine it empty(remove a confirm tx) and then catch up to overtake the network is about a 3block task minimum. meaning it would cost $720k just to un-confirm a confirm. so they can double spend what was spent

unless they bought something worth 1mill. claimed the goods and now want to undo the transaction.. its not worth trying

its far cheaper to just plod along making blocks adding in transactions to increase the reward and just be a good boy.
because even having 51% of the network means you are only going to get a chance to play around with the organisation of blocks once every 2 blocks.
**and within hours. people can just ban/reject a block that keeps orphaning off healthy blocks/ causing constant chain splits. thus the bad boys wont even get to spend the rewards in 100 blocks time(rewards cant be spent for 100 confirms(~16 hours)) because they would get rejected by merchants initially within hours..
(2013 chainsplit was handled in ~2 hours)

and then within just 2-3 blocks(~20-30mins) once it becomes a known thing to reject. meaning their bad block wont exist by the time the reward 'maturity' period is up
to have a chance to spend the first bad block. a badboy need to not just make every block for 17 hours. but also have merchants they want to spend the reward with accepting that block


so again no positive to being a bad boy, not simple to achieve. and easily dealt with before it becomes a prolonged problem

bitcoin is created out of a complex program function that costs alot of electricity to compute, people want to get paid for that complex and expensive work

regards to fiat. you keep talking about irrelevant and non existent securities and liabilities, where you think you are owed or guaranteed something. i showed you that you are not owed anything bar a service of swapping a crumbled note on deposit for a crisp note on withdrawal, where the banks can charge you for this service.
borrowers do not owe you anything, your value is not given to borrowers

no one got a FDIC cheque in the post when the banks failed in 2008
what they got was their value was devalued and now paying extra tax or getting less public services due to banks failing in 2008.

---

.. getting back to bitcoin because you pretend to want to know how the value is established

its not actually just 2 people wanting it and they both pick a random number and find a middle ground

its actually where those that have coin know the cost of their acquisition. and they will refuse to sell at a loss, obviously

if they fresh mined the coin in 2010. the difficulty of the math was cheap. meaning it had a $0.01 to $0.10 cost depending on electric costs around the world

ok ill make some things simple
in say 2010. imagine there were 120 people mining bitcoin at the same time.
lets say in fairness to randomness. each person had equal strength computers so all had the same equal chance
30 machines in china,
30 machines in america,
30 machines in the UK,
30 machines in germany,

because there are only ~6 blocks an hour. it takes a 20 hour period to cover each person getting their chance hit.

meaning they are using 20 hours of electric to get 50coins in 2010
in china at 4cent electric/khw using a desktop pc of 500w thats 2cent an hour and $0.40 for that 20 hour period for 50coin=0.8c/coin
in america at 12cent electric/khw using a desktop pc of 500w thats 6cent an hour and $1.20 for that 20 hour period for 50coin=2.4c/coin
in the UK at 18cent electric/khw using a desktop pc of 500w thats 9cent an hour and $1.80 for that 20 hour period for 50coin=3.6c/coin
in germany at 38cent electric/khw using a desktop pc of 500w thats 19cent an hour and $3.80 for that 20 hour period for 50coin=7.6c/coin

so around the world people could mine for between the value window of 0.8c-7.6c per coin

now lets imagine no one wants to sell their coin at a loss
germany wont make an offer for less than 8cent
the UK wont make an offer for less than 4cent
america  wont make an offer for less than 3cent
china wont make an offer for less than 1cent

lets say america tried to sell it for 10cents. .. no one is buying because everyone on the planet can mine for under 8cent. so no deal
then say america tried to sell it for 9cents. .. no one is buying because everyone on the planet can mine for under 8cent. so no deal
then say america tried to sell it for 8cents. .. someone in germany cant be bothered mining so takes the slight premium. so 8cent. deal

now what happens is people start to see it has a price.
and people in china can see they can 8x their cost. so they start using 4x machines
and people in america can see they can 3.3x their cost. so they start using 2x machines
and people in america can see they can 2.2x their cost. so they start using 1.5x machines
people in germany are breaking even so they dont bother adding more machines


now the landscape of machines is
120 machines in china,
60 machines in america,
45 machines in the UK,
30 machines in germany,
totalling 255 machines, meaning 42hours 30minutes for fairness chance for all

so costs are now
in china 1.7c/coin
in america 5.1c/coin
in the UK 7.6c/coin
in germany 16.2c/coin

china, america, the UK can still sell at 8cent and make a profit.
but now germany stop mining because the market is cheaper to buy than it is to mine.
so germany just buy coin. buying up all the coin at 8c available
because germany are willing to buy for anything below their mining cost of 16c. and germany are high demand. america pushes up its price to 9c, 10cent to see where the demand dips

lets say it plateaus at 14cent
now because the market has a value window of 1.7cent-17 cent. but the ATH is 14cent
because china can make 8x again they again 4x their machines, america 2.5x its machines and UK dont expand its machines
germany doesnt mine this week, they just buy coin, as its easier and cheaper
machines in china, become 480
machines in america, become 150
machines in the UK, stay at 45
totalling 675 machines meaning 112.5 hours mining for each to have a chance

so costs are now
in china 2.25c/coin
in america 6.75c/coin
in the UK 10.125c/coin

in germany if they were to mine it would cost them 21cent
so the value window is now 2.25c-21.37c

imagine all american coins got sold at 14cent. and demand is depleting because germans had enough
UK and china try selling coins at 14cent.and as they run out of the coins they hoarded all week. the price also depletes due to filling depleting demand, so say the price settles down to 11cent
its still between the 2-21c value window. but the price inside that window is not as much as the 14cent ATH

because china can still 3x and make a profit at 11cen. china 2x their machines. but the UK dont bother mining this week, america doesnt add more
machines in china, become 960
machines in america, stays at 150
taking 185 hours for each machine to have a chance hit

china 3.7c/coin (its not 4.5c thanks to UK dropping out and US not multiplying  )
america 11.1c/coin (thanks to UK dropping but no thanks to china for doubling up )
because the price is 11cent and america cost is 11.6cent. they buy instead of expand machines.
the price rises to 12cent

if uk mined 16.6c
if germany mined 35c

now the market has any left over german buyers still wanting more coin
UK still wants coin
so UK and germany buy coin.

if the price rises to new ATH UK starts mining again.
news hits the media about bitcoin and now new speculators that dont know the complexities of mining just want to buy coin. so the price moves up to above 20cent. UK starts mining again. and the price moves forward. as does the mining cost.  which then brings up the value window

---

pre-empting your repeated questions:
why are they buying it?... because it has a cost. which some regions find it cheaper to buy it rather then mine it
why are they buying it? because bitcoin does something banks dont do the same way.
why are they buying it? it offers lots of features and benefits banks cant offer.

not sure where you are getting this random 325 number from(both me and you never said this number at all.. plus it related to nothing seen before)

i even checked if it was gold related, because you mentioned gold
gold cap is estimated (but not fixed) to be or surpass: 190,000tonnes or
190,000,000kilograms or
6,702,052,770 ounces

1 ounce is $1800
1kg=$63,493.20
1tonne=$63,493,200
...
or if basing on $40k for 1btc
1btc= 22 ounces or 0.63kg
maybe you meant.. possibly... 352 ounces per 10kg??

your wording sounds better than your first post,
and yes if btc was $300k
then yes 1btc=$300k
and yes 333sat (0.00000333btc) =$1

updated: UK midday 7th feb 2022. i counted up the votes of antihero (my fav category, cheers)

and i tallied up, so far
1xbit:33
franky1: 28
jollygood: 13
nullius: 10
elon: 6
lauda: 5
faketoshi: 4
the rest only had 1 or 2.

an anti-hero is not the villain
im not a boyscout hero, i dont sit around campfires patting people on the back telling each other comforting stories when they get things wrong. and ill never change, i'll call out BS when needed. to any level. i dont fear giving the harsh truth when needed.

so is there anyone making utopian dream unachievable promises about things that need my harsh wording, anyone that needs to be corrected. any group that appears to be ass kissers that need putting in their place?

i think i need to earn top spot in this category, i dont even want the financial reward, i just like the avatar and want to earn it

??
if you have 1btc. and never touch it.. you will still have 1btc in the future.
if the bitcoin value becomes more then you can sell your 1btc for more.

it does not mean if the btc price becomes $80k, you magically then have 2btc.. it means 1btc is now $80k

africa skipped over the "land line" telephone based internet (now fibre).
africa went straight to cellular telephone/internet. which was cheaper to set up and allowed more freedom of movement.

setting up cellular towers per village is much cheaper then trying to wire fibre cable to every house in the village and then wire the village to  far distance telephony switch stations.

african remote villages can very easily become more internet accessible very quickly compared to a country village in the UK

when it comes to mining. requiring alot of electric. forget it. .. not due to the electric. but just due to the sure climate of africa, its a hot country.
africa is not a place for miners. so just forget that industry.

as a currency though. using phone apps and desktop wallets. no problem

---

as for africa's tireless and endless wars and economic instability trying hard to peg their currency units 1:1 with US dollar..
never going to happen

no matter what currency africa uses, america will always want to de-peg the currency.
if america can buy 'cola' or vegetables or clothing in america for $5 why would they buy the same thing from africa for $5
america want to buy it from africa for like $0.50 so america will always try to flex its muscles on the forex to devalue african countries by 10x+ so that america can buy 10x+ more product, rather than making it themselves.

put it this way. china has 4.25x more population than america. meaning if everyone has a house, food on their plate. then china should be like for like 4.45x more wealth than america.

but america dont want to lose american status as the world super power. so america flexes its forex muscles to devalue china by 5x to bring its value to appear as being less than america.

and no expansion, no extra business. no change in currency will affect that.
america will always devalue the currency swap rate in forex to allow america to get more for its money from other countries

---

a bit of quick history
$1.40=1 ZAR in the 1970's (africa boomed)
but then international policies didnt like africa's policies
$0.50=1 ZAR in the 1980's (africa slumped)
$0.33=1 ZAR in 1991 (africa slumped)
$0.16=1 ZAR in 1999 (africa slumped)
$0.07=1 ZAR in 2001 (africa slumped)
$0.16=1 ZAR in 2005 (africa boomed)
$0.06=1 ZAR in 2021 (africa slumped)

no matter what forex fiat currency africa creates you will always see the powers that be devalue an african currency over time
which is why many africans prefer to avoid the ZAR(rand) and instead take value in USD(us dollar) or GBP(uk pound) EUR(euro)
after all they wont de-peg their own elitist fiats

by adopting a currency thats not on america forex market an instead on its own open market exchange. africa can actually hedge against the dollar using a deflationary currency to beat americas inflated currency. and stay away from US powers playing market manipulation of the wall street forex exchange

bitcoin comes with a base value window due to its mining cost(variable due to regional cost differences). where no one wants to mine at a loss and so no one tries selling at a loss
the acquirer than has his acquisition costs and he too does not want to make a loss

the market price sits somewhere between the cheap/premium value window

bank loans have NO upfront cost. banks literally print the money out of no where.
banks then ask for it back plus X% extra, where the literally destroy the capital returned(to re allot themselves with loan capacity for future loans) and keep just the x% they use the x% to cover the banks costs from other services they offer

a loan being made has no contract with anyone else but the borrower and the bank
a borrower does not owe anything to the general population. all he owes is the bank

when you set up a savings deposit account.. there is no mention, no term or condition that mentions your funds being contracted out to a loan.

the funds of the loan are not general population funds redistributed

you as a dollar holder are not obligated to give him your dollar for him to pay it back to the bank
you as a dollar holder are not contracted with him to request dollar from him to settle the banks debt
you as a dollar holder are not secured to receive a dollar from him when he pays the bank
if he fails to pay and the bank gets in trouble. your not guaranteed a $10 cheque from the government insurance

the bank does not use your dollar to pay him in a loan. thus he does not owe you.
banks CREATE new money for loans, not swap old money around

he can pay the bank via many means. but that contract is between him and the bank. not you
he can go abroad. and work on an african gold mine. and get paid euros. and a euro bank can convert that to dollars to pay his loan..
meaning never interacting with you, meaning he does not need to touch a dollar to repay

he can become a bitcoin miner, mine some rewards and go to an exchange and then pay off the bank loan.. again nothing do to with you
he can get a job or manufacture something, charge payment in many forms or such. again nothing to do with you.

---

maybe big numbers are too big to imagine.. lets simplify it

if you have $10 bank note. there is no insurance. if you lose it or have it stolen banks wont reimburse you. its your loss

if you deposit it. the bank keeps $1 bank note in a vault. puts $10 into a digital balance,.
and separately due to a contract THE BANK has with government and other private banks. the bank can also create another balance account for someone else for another $9 (meaning upto $30 in circulation in different forms)
.. this loan creation charter is not a contract between you and the bank. nor you and the government nor you and the borrower

your bank note has no contract where by you are part of the $10 deposit balance + $1 bank note vault part
your bank note has no contract where by you are part of the $10 deposit balance + $1 bank note + $9 loan account part

your bank agreement is that you put in 10, you can get out 10
crumpled note 10:10 crisp note.. that is all (and in many cases they can charge you for that service)
...
lets say from this separate $9 allotment 2 people (a, b) takes a loan for $5 and $4 respectively.
a. interest is 5% meaning after a year he pays THE BANK  $5.25
b. interest is 5% meaning after a year he pays THE BANK  $4.20

the bank cancels out the $5 and $4(that was in circulation) so that it can reuse it as $9 for new loans
and the bank keeps the $0.45
with this though.
the bank owes another private bank insurer an insurance premium on the $9 allotment(separate from deposits) its allowed to play with
the bank has also obligations with the FDIC to pay an insurance premium on deposits
the bank also wants to pay you something for not withdrawing your deposit.
but these 3 things are not contracts with you.

these three things do not bind you to the loan account via the 3 contract path.
they are separate contracts for separate services the bank has with separate entities
banks are not obligated to pay you interest. they can change the terms of accounts conditions as they please
its why banks used to be generous with a 5% incentive a couple decades ago but now only pay silly 0.05%
you have no security/guarantee of getting interest. because the agreement allows them to change the terms
..
to incentivise you to not withdraw your 10 the bank will put limits on daily spending. charge you if you spend too much, too often,  and also offer a bit of a bonus if you keep it in for a year(if they chose to)

this is not security to you. this is just a way that if they can keep your money. it allows them to profit with the new balance in the other account they created(out of nothing)

if the bank was to fail. the government wont send you a cheque instantly for $10 or send 4 loaves of bread(value rate at deposit)
what they do instead is shift the failed banks accounts to other banks. so you simple get Bank A 10:10 bank B

whereby the cost of the swap ends up that your buying power diminishes from 4 loaves of bread to less loaves of bread.

the 2008 banking crises shown millions of people lost out directly and all americans value diminished due to the inflation caused by the bailout

if $10 could buy you 5 loaves of bread in 2008.. i can guarantee you now. withdrawing $10 now wont get you 5 loaves now. and i guarantee you you wont get 4 loaves in the near future. and also.. if your bank fails. the chances of you filing a claim to get a FDIC cheque is super small. they would prefer to get the country to pay more tax and just shift balance sheets around to other banks. than pay out the insurance

so dont think that you will get a guaranteed cheque from the FDIC if your bank fails.
and dont think you can still buy 4 loaves(todays value) with your future $10 in a different bank account that took over yours

screw it i wont wait for antithesis to rattle off "fiat is secure/liable to loans"

ill explain the insurance
imagine all us banks had a combined $1.48trill of savings deposited
$1,148,000,000,000 ($3580  X 328m pop)

pets say there are 10 main banks.
and lets imagine
9 banks had $116.44b deposited (+104b loan allocation) each
1 bank had $100b (+90b loan allocation)

and lets say its this 1 bank of $100b that was going to fail(just not yet, they simple sent the warning).

account depositors are not guaranteed to get a cheque sent out within 2 days of the bank failing.

the bank cannot just put its hand up and say to the FDIC "i give up, pay our customers"

first the failing bank need to find its own ways to 'make money' to cover any losses. this usually means going to other banks direct and asking for loans to cover deposits. to then separately be able to create its own contracts to its own loanees to try to get profit to pay back the failing banks loan to the other banks

if this fails and the other banks refuse to loan to the failing bank.. then the failing bank can approach the FDIC.. as a last resort

the government can instead
'bail out' the bank (via treasury(aka tax))
sell the bank to one or more of the other 9 banks
and if both those fail.. then third option is that deposit account holders can get a cheque via the FDIC insurance
but this third option NEVER happened in 2008

what actually occured in a couple examples of 2008 was:
A) the treasury would create a contract(bond) offering $105b back over 7 years for $100b upfront ($15bill each year for 7 years)
this contract(bond) allows the 9 banks to buy up some of those bonds. where the 9 banks collectively can use their ~loan allotment. to 'print'  collectively $100b. where the treasury then hands that $100b to the failing bank. to become viable again.
leaving the treasury with 0 for itself. meaning it has to charge more tax on citizens to find $15b a year to pay the 9 banks back

B) the FDIC organised with the 9 other banks to take on the deposit accounts of the failing bank
where by if evenly split, each of the 9 banks became:
9 banks had $127.55b deposited (+114b loan allocation)

im over simplifying here
but the point is
the dollar is not as secure as you think
the chances of you actually getting a viable cheque from the FDIC in the mail is not really a feature that is used.
what actually happens is just digital shifting of 1:1 numbers from one bank to another

the bank or the FDIC will not hand you bread if a bank fails.
firstly bank deposits of 1148 are not worth 1148, because people pay tax, meaning even before you get to spend your bank balance your already at a loss of 20% meaning(229.6b) means the buying power(value) people have was become 918.4b of 1148b
yep if your employer says you have a salary of $1,148 a month. you can only spend $918.4 of it because the taxman took his cut

then if a bank fails:
(ignoring how the 20% tax is spent and just for simplicity say it just re-enters population deposits later via public spending)
because now the government need $244.6b to cover usual public spending(229.6) and the $15b loan payment
thats a change from 20% tax to 21.4% (1..4%($15b) goes to the banks not back to population)
after the bailout becomes
y1 903.4 of 1148 because now the government need $244.6b to cover public spending(229.6) and the $15b loan payment
y2 888.4 of 1148
y3 873.4 of 1148
y4 858.4 of 1148
y5 858.4 of 1148
y6 843.4 of 1148
y7 828.4 of 1148

meaning a 8.7% of deposits bailout(1148-100) causes inflation of 10.86% (100/828.4 x 918.4) over 7 years

where by the 'banks' have a combined balance sheet of
$1148b deposited +1027b loan allocation + 114.8 bank note =2289.8 on the books(in circulation)
but people can only spend 828.4 of value = 37.157% VALUE of that combined circulation

if that 2.29 trillion on the bank books(in circulation) could be 916billlion bread loaf value pre bailout (2.29t / $2.50 a loaf)

meaning. you are not going to get combined full population cheques for 916b bread loafs if the dollar failed (2.296t (all $ in circulation))
meaning. you are not going to get combined full population cheques for 459b bread loafs if the dollar failed (1.148t (just deposit balance))
you are not guaranteed a cheque for combined full population of just value of 331b bread loaf if the dollar fails (828.4b value of deposits)

peoples 'money' they can actually spend post bailout would still APPEAR as 1.148t still in bank deposits but:
 only buy 331billion bread loaf value even though there is 2.29t 'in combined circulation'
 only buy 331billion bread loaf value even though the deposits alone was 459b bread before the bailout

you are not going to get a cheque. instead going to get a new account for combined population 1148 deposit accounts with a different bank. where everyone can only enough deposit/cash to maybe buy 331b bread loaves, instead of 459b if the bank fail didnt happen

in short.
account balance swapped 1:1 from failed bank to viable banks. but the value of that 1148b deposit has declined to 828.4b spending power after tax.

---

and thats why in 1900 a $1 could buy 26x more things than a $1 can buy now. because the insurance does not work to protect value. governments and banks even avoid using the insurance, to instead make people more unvalued.

no no and no
thats not the banks charter, thats not the banks contract. thats not the banks job

if you go to a bank they dont give you bread. they just ask for your crumpled bank notes. and give you back crisp bank notes for the same number(if you meet their conditions).

'savings accounts' is where you give them crumpled bank notes. and they store the number in another form(electronic). they dont need to keep X% of paper bank notes on hand at any time, but some do.
meaning to stop bank runs of everyone asking for a withdrawal at once. they limit, question or delay requests.
its why ATM's have limits of $500. its why if you do more then 6 bank note withdrawals a month from a savings account the banks charge you for it.
they question the reasons if the amount is above a certain level. they say you have to make a pre-arranged request taking days to finalise if its above a certain level. to pressure and give you headaches to not withdraw it all in one go.

banks in america are not obligated to instantly pay you on your demand. the charter actually does the opposite. it allows the banks to delay, limit or deny instant demands

savings account is NOT where they "USE" your deposit amount as a loan to someone else. instead they have a separate charter where a charter allows a bank to 'create new money' for the person getting a loan as a separate charter (nothing to do with your savings account terms and conditions.) based on how much volume a bank holds.

EG say a bank has $100billion savings account deposit balance on its books.
a bank has to hold $10bill as bank notes.
but can create upto $90bill of new money
this mean while all savings account balance still appears as $100bill digitally.  loan accounts of other customers can go upto $90b digitally. and the bank has $10b in bank notes physically ($200b savings'balance'+loan 'balance'+paper bank notes)

they are not actually giving away your savings balance to a loan recipient. a loan recipient is not liable to you.
your deposit balance still appears as $100b even when 90bill loans are created
if a loan defaults. it does not affect the savings account holder. it just means the bank loses out on its potential future profit from the terms of the $90m loan allotment

anyway
the bank can do many things with the $90m separate loan allotment amount
1. split up and offer parts of this $90b loan allotment to other customers in the forms of bank branded overdraft, bank branded credit, or bank branded mortgages

2. sell part of the allotment to other companies. for a small percentage so that (non savings deposit) credit companies can offer credit/mortgages to their customers

..
there are a few other charter details. like its not exactly $90bill a year they can offer out in one go. its more complex. EG like if they want to allocate $90bill over a 30 year mortgage period. they can only offer out $3billion per year. so that it all sums up that if all mortgages are paid in full  over time it equates back to the $90b allotment
..
anyway. this $90b is not the savings account security/property/liability.... its the banks liability/property

a savings account owner cannot walk upto a person that got a loan and say "give me my money back, its mine"
its not theirs.. the loanee has a contract with the bank. not the savings account customer.

its not a Loanee   <->  savings account depositor contract

its not a Loanee   <->bank<->  savings account depositor contract

the closest visualisation is
                                                   ┌>treasury                
loanee <->credit bank subsidiary<->private insurance
                                                  └>bank
the loanee has a contract with the credit bank subsidiary
separately. different contract
the credit bank subsidiary has a contract to pay insurance on the loan allotment.(private company)
the credit bank subsidiary has a contract to pay tax on the loan allotment.(treasury)
the bank gets to keep the rest
..    
separately.                    ┌<bank        
saver <->deposit bank<->FDIC
separately. different contract
the BANK has to pay insurance on the deposit allotment.(FDIC)

a saver has a contract with deposit bank
a loanee has a contract with credit bank subsidiary
but a saver does not have a contract with a credit bank subsidiary

---

because a bank is offering its product to subsidiary which offer to loanee's... the loanee needs to pay THE BANK(indirectly) in the future.
so imagine all collected up(paid in full) $100bill loans returned in a year
the bank subsidiary gets $5b
out of that the bank subsidiary has to pay
800m-1.2b to the treasury
2b to the private company
the bank keeps 2.8b-3.2b (its less because the subsidiary also keeps profit)

then separately to entice/ incentivise savings depositors to not "bank run"/withdraw.. the bank may offer its $100b depositors
60m-810m (0.06%-0.81%)
then separately to entice/ incentivise savings depositors to not "bank run"/withdraw.. the bank insures depositors by paying the FDIC
830m(0.83%) (for a $250k cap per customer)

where by the bank keeps 1.16b-2.13b out of the 5bill loan interest returned via the subsiduary

..
your savings account is not secured against a loan. it has nothing to do with a loan.
your savings account is insured for 'upto' $250k
meaning if you have $1m
a. spread over 4 accounts($250k each)
the $1m will be insured
b. in one account($1m in 1 account)
the FDIC will only honour $250k.. and the rest of your $750k is lost if bank failed

it has nothing to do with any contract with loans
a savings account is not contracted to a loanee, not secured by a loanee. not liable to a loanee

obviously the bank only makes profits from loans. and thus can only afford to pay depositor insurance by doing loans.
but that does not mean a deposit/bank note is securitised/contracted/linked to a loan. there is no contracted obligation between a bank note/deposit account balance to a loanee

a loanee does not owe the depositor anything. because the savings account balance does not disappear when loans are made.
the loanee does not 'get' funds of a savings account. they are separate balances

where by as said at the start. a bank with 100b in deposits .. will have a combined loan, deposit balance and bank note of $200bill

---

---

with all that said..
BANK BALANCE in a deposit account is insured by upto $250k per account
but guess what.
in the 2008 financial crisis. the FDIC did not want to let banks fail to then have to pay out the insurance.
no one was able to file claims to activate the insurance clause.
even if it was activated. the funds go to the bank. not the citizen
(thus the insurance is meaningless as its never used)

what actually happened in 2008 was the treasury 'printed' its own money and gave it to the banks.
so now the banks have the value.
the treasury is now in debt by trillions. and its now the people that owe the treasury, in tax, to attempt to draw down the national debt.
yep the bank is getting tax from people. (meaning their $100b deposits are now worth $80b(20% tax)) the treasury then pays banks that bought the bonds a small % of the $1trill 'quantitative easing'/bail out. so again the banks are making profit while peoples money is becoming worth-less and worth .. less

your bank note is not insured.
your bank deposit balance probably will never activate its insurance clause
instead, government will just create debt which its citizens have to pay back, even if they personally didnt ask for a loan.

if you want an explanation of this process i can give it. but i think i have wrote enough for now.

most governments dont just pay out automatically.

its never based on a 'everyone deserves assistance and government will help as much as they can' its always based on who 'NEEDS assistance where no other option is available'

they instead look for the vulnerable that cant repair. and help them out the most.
by admitting you already used money and already fixed it, proved to them you CAN pay and you CAN repair. thus dont NEED assistance

if you left the house in a broken state and showed a $0 bank balance and said you have no clue about how to do any repair work.  they might have helped. but because you had money and physically able to do repairs yourself. then technically you didnt NEED their support. you just WANTED their support to reimburse you for your work

the government does not act as an insurance provider to help everyone just by filing a claim of an event/incident. they only help those that cant help themselves, where the person has no other options to help themselves.
they dont care about the claim of previous damage. they only do a needs assessment of how able are you to access any other method of rectifying the problem

EG if you were homeless they wont just put you up in a hotel or give you a new house automatically. if you said you are staying at a relatives house. boom, you are classed as not NEEDING assistance.

even in the UK. if someone has no income and no food in the kitchen. the governments welfare system dont simply send you cash or a food voucher to go to a supermarket. they instead ask if you have decided to go to a food charity. and question you as to why not.
if food charities did not exist the government would have to step in fast. but because food charities do exist the government can step back and not help

in all governments there is a paradoxic paraphrase
                      _{[handing out money]     [making it someone elses problem]}
"you can avoid passing the buck, by passing the buck

here is the thing though

someone not positive who was shot
may have to pay for
ambulance
triage/ER
bed per night
surgery
blood/plasma

it seems when reading the details..
he was given 2 diagnosis. covid AND gunshot
so what did the covid code do.. well it paid for
ambulance
triage/ER
bed per night

meaning all he might have to pay for was
surgery
blood/plasma

hospitals dont just let people bleed out because the only treatment they can give is oxygen therapy, because thats the treatment for covid.
hospitals treat all issues presented, and list all symptoms, injuries and treatments given

so the guy got a free ride and a bed, food and stuff.. but he is still having to be possibly liable for the surgery or blood transfusions.

also. hospitals dont just put a random thing on a death certificate to tick a box.
hospitals dont get paid based on death certificates.

hospitals get paid based on the combination of many illnesses and treatments combined together. to form a package

this stuff was explained 2 years ago. and seems the conspiracy nuts have gone full numbskull again.
a nurse does not even see the payment codes. a nurse only sees the diagnostic stuff.

it would have been more believable if they had a accountant from a hospital being interviewed, not a disgruntled nurse trying to get money from doing interviews for a living
most of these 'interviews' are just the conspiracy nutters new job, 'paid to say' work

then you will look forward to your next lesson. its not actually the whales manipulating the price

imagine you want to move the price from $40,000 to $40,100
whales on the buy side putting a wall up of 10btc of $40,001
                                                               10btc of $40,002
                                                               10btc of $40,003
                                                                ...
                                                               10btc of $40,100
takes alot of coin. (set walls or buy up 10,000coin($400m) to get the price moving to $40.1k)
what if i told you that you can move the price instead with smaller amounts(if conditions are right)
                                                           0.001btc of $40.01  (=$40,010/btc)
                                                           0.001btc of $40.02  (=$40,020/btc)
                                                           ...
                                                           0.001btc of $40.10  (=$40,100/btc)

as you can see. you dont need to set walls or buy up 10,000btc.. you can(if conditions are right) ping the market signals into an upward direction for 0.01btc($400) (lots of little orders of $40.x0)
..

whales that offer coin at 10coin for market rate+100. get ignored because people just add orders below that
but if you keep setting orders for small amounts in small increment prices, small enough people dont notice the increments. your orders fill and ping in a new market price.

dont fear a whale. fear the shrimp feeding frenzy
a whale gulp may take out many shrimp in one go, but thats just temporary... persistent shrimp feeding frenzy has more and longer lasting affect