Whole coiner status in 10+ years

[sklopan]

I think that the period of such a transformation should take some more time, at least. It should be understood that such a process takes a considerable time.

[Lucius]

What do you think it it will mean to have an entire bitcoin as we truly hit the depths of supply shock. That moment when there is no turning back from terms like "Store of value" and many products are then denominated in Bitcoin?

I don't think anything will change too much in 10 years in terms of how important it will be if you have 1 BTC today and then because even though the value in fiat currency could increase significantly, $20k today and $200k in 10 years could have the same or similar purchasing power. The idea that fiat currencies, regardless of their form (paper, CBDC or something else), will stop playing a significant role in society is very unlikely, as well as the fact that everyone will accept Bitcoin as a means of payment, considering that we are going in a completely different direction and the opinion is increasingly being formed that we should treat it as digital gold.

In 10 years, 99% of all Bitcoins will be mined, and millions will probably be in the possession of various companies and rich individuals who will certainly not treat it as a currency - and the average Joe will not be able to resist selling the last satoshi because the price will be irresistible.

[RealMalatesta]

What do you think it it will mean to have an entire bitcoin as we truly hit the depths of supply shock. That moment when there is no turning back from terms like "Store of value" and many products are then denominated in Bitcoin?

For me I imagine a world where someone wants to start a project and as a whole coiner, you walk in and have the ability to angel invest on a dime, or by simply  being in the room you are collateral for innovation.

I believe that there is a big possibility you could buy a very good house even in the most expensive nations and cities for one bitcoin in the future. Like for example where the houses are expenses now? Toronto, New York, London, Paris? Those type of places? Well for 1 bitcoin, you would be able to get 1000+ square feet apartment/loft whatever there with like 3 rooms or maybe 2 big ones.

This is where it is headed, at one point it was possible to get like some "bad" houses for 1 bitcoin in places like Miami, and even right now it is possible to buy some houses in some nations, but not in leading nations. So in 10 years, it will get there for sure.

[Lucius]

~snip~

You can fantasize about it, but real estate is terribly expensive in the biggest metropolises of the world and it's hard that you will be able to buy something like that for 1 Bitcoin in New York or London in the next 10 years. Here, for example, look at houses in London and you will see that the prices are quite high (again, it depends on the part of the city), and I believe that in the future real estate prices will rise even more.

In addition, if you buy a house in one of the world's top cities, you should also count on extremely high living costs because everything is expensive there.

[NeuroticFish]

For me I imagine a world where someone wants to start a project and as a whole coiner, you walk in and have the ability to angel invest on a dime, or by simply  being in the room you are collateral for innovation.

Many whole coiners are investors for money, not for the technology. Many whole coiners were in the right place at the right time and had the trust to not sell in the previous bull runs.
And innovation needs collateral in money. It needs investment for the working hours and for the hardware (and so on) used. A proper whole coiner will not give any of his coins under others' custody, because he knows the risks. And will not sell either.

I believe that there is a big possibility you could buy a very good house even in the most expensive nations and cities for one bitcoin in the future. Like for example where the houses are expenses now? Toronto, New York, London, Paris? Those type of places? Well for 1 bitcoin, you would be able to get 1000+ square feet apartment/loft whatever there with like 3 rooms or maybe 2 big ones.

This is where it is headed, at one point it was possible to get like some "bad" houses for 1 bitcoin in places like Miami, and even right now it is possible to buy some houses in some nations, but not in leading nations. So in 10 years, it will get there for sure.

Both bitcoin and real estate prices seem to keep growing. While I don't rule out bitcoin get to the point you are dreaming for, it may not happen during our lifetime. You may want to target something more tangible...

[franky1]

getting to the points about the 'angel investors'
when they question a project manager and ask him how much time and effort they put into their project(as part of due diligence) if they see the guy has not invested a penny of his own money/collateral then its like he is not invested in his own idea. which is a red flag.

angel investors do not like to invest in rich people. they invest in people that put the effort into their idea. so if a project manager is waving around a signed message of a $1m collateral but has not used any of it on his idea. angels wont invest

angels prefer people that are at their last and final dime where they invested their homes, retirement plans and have made a prototype/demonstration model that actually shows the project solves a need, has a niche. where that type of project manager needs both an investor... and an angel to make their life better

angels are then happy to hand money to those to accelerate their project and bring that project manager out of his home life stresses and money worries so he can then concentrate on expanding the project where both the project manager and angel can make some profitable returns from.

angels are stand-offish, if they see a rich guy trying to use someone elses money where its of no risk to the project manager and not going to energise the project manager to work hard or put the effort in