There's another Satoshi out there, making his "big reveal" later today:
We are all Satoshi, this whole thing relies on the many for it to continue not the single person to reveal or not. I'm never looking for a reveal, this kind of news is for muggles who dont even really use BTC anyway lol
I think he used this post as a way to communicate with me, as he knew all my emails had been hacked
So this was a person not using PGP ?
define wealth as money
Wealth is the ability to produce, money is the transaction. I think its slightly wobbly standing when we have too much debt described as wealth, we cant tell if the debt will be paid or not yet. The money isnt tied to any fixed amount, its varying every year for sure. Of the two, give me the means of production and/or actual outright assets any day.
You seem a bit confused sir.
Money can be printed without inflationary consequences.*
That money can be used to finance the creation of new assets, such as a lovely freshly mined gold bar. Or an iPhone if you prefer.
The total global pool of assets has just increased.
Wealth, from nowhere.
*If you happen to be the global reserve currency.
I'd argue the world is confused, its a global illusion we are in for many years now. Its better arguable the global reserve currency is gold. Of course many countries have held this title and with FIAT currency but none retained it forever and so the future is change is quite certain.
Change is the only constant ;another saying to add to the pile.
Think $1 million per bitcoin is crazy? That's because it is.
What's even crazier though?
Quanatative easing, negative interest rates, fractional reserve banking, elimination of cash, surveillance, capital controls, and inflation.
I think $1m BTC is possible seriously as its just a nominal tag not a value as such and we have to recognise this is an extreme scenario. It wont happen in isolation, prices dont move by themselves. The world will change and BTC price if it moved that much will not move by itself. I think some things are just beyond our imagination, how do we imagine a thousand price changes and all the effects and the way the world might be different then.
The best scenario is buy BTC when it was below $50. (Ideally, when it was below $1).
Dont troll yourself with what ifs. Generally everyone should save a little more because it makes you alot better off in future.
I used one of the first Windows releases, I literally said buy Microsoft shares because this is going to change everything as even back then computers held massive potential but not for the common person.
I cant blame anyone for ignoring an opinion and 1996 when I had 2 bucks I skipped buying the shares, I thought they had already rose. I was wrong and I've been wrong dozens of times since of potential for change.
$18,000 in MSFT 1990 was $1m ten years later
$1000 in CSCO 1990 was $1m ten years later
Even recently I owned CSCO at $16 and its $40 now and INTC at $19 and its $50 so I repeatedly lack vision on the possible expansion in loose money environments but are giant changes possible ? no doubt
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