Sound about right. That’s just FB.
Let’s say advertisers inject $10 of zap liquidity per user every year. I reckon that’s 1% of zap GDP but it’s a corporate faucet.
To do that they need to buy sats, they need to set up a large Bitcoin wallet. Maybe they offhand this to their ad agency, maybe they are smart and realise this is a new point of sale.
Secondly, what is the monetary velocity of zaps? We don’t know, but the monetary velocity of a $1 bill is 110. That means on average every dollar bill is spent 110 times per year.
So, very crudely…
$10 injected * 1 bn users * 100 velocity
= $1 trillion GDP
Stu / ⚡️🌱🌙
npub1w4…zprhz
2023-02-05 09:07:20
in reply to nevent1q…ykhc
Author Public Key
npub1w4swqedal6gcw23ndd93tkkdy3zj2l6zjdjvzrhu8rnw0k8lc8lswzprhzPublished at
2023-02-05 09:07:20Event JSON
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"pubkey": "7560e065bdfe91872a336b4b15dacd2445257f429364c10efc38e6e7d8ffc1ff",
"created_at": 1675588040,
"kind": 1,
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"content": "Sound about right. That’s just FB.\n\nLet’s say advertisers inject $10 of zap liquidity per user every year. I reckon that’s 1% of zap GDP but it’s a corporate faucet.\n\nTo do that they need to buy sats, they need to set up a large Bitcoin wallet. Maybe they offhand this to their ad agency, maybe they are smart and realise this is a new point of sale.\n\nSecondly, what is the monetary velocity of zaps? We don’t know, but the monetary velocity of a $1 bill is 110. That means on average every dollar bill is spent 110 times per year.\n\nSo, very crudely…\n$10 injected * 1 bn users * 100 velocity\n\n= $1 trillion GDP",
"sig": "2ce976a91e65c6b95969dffb5d93ee142dd54191d200493849bed50588a450cc092042535f3edf0b65e66b42be1342745602188cb050a96a93b0424123571f65"
}