HODL on Nostr: Sometimes people say stupid shit like “in a world where bitcoin is a million a ...
Sometimes people say stupid shit like “in a world where bitcoin is a million a hamburger might cost a million”
This is overexaggerated hyperbolic nonsense.
Here’s how to think clearly about the world you will be inhabiting at bitcoin one million.
Let’s use my favorite example. A trophy property in any prime location in America is 20-25MM right now.
That’s a little under 1,000 coins if you’re looking to ball out.
By the end of this decade bitcoin will likely be trading above a million due monetary/fiscal inflation.
These properties will not sit idle at 25MM though.
They will inflate as well as they are subject to the same market forces.
Likely at a lower rate of 4-5x vs bitcoins 30-50x.
So while they become more attainable for bitcoiners. These properties will still cost 100MM + or in bitcoin terms 100 coins.
Better than 1,000 coins but still not exactly cheap.
Hamburgers will probably be $15. Shit, good ones already are.
Published at
2023-05-27 18:09:10Event JSON
{
"id": "6881bdf8fb812b566125741c8d05f26d69535ae440ae660c221f8433f10d6e34",
"pubkey": "1afe0c74e3d7784eba93a5e3fa554a6eeb01928d12739ae8ba4832786808e36d",
"created_at": 1685210950,
"kind": 1,
"tags": [
[
"imeta",
"url https://nostr.build/i/a808508b026ca7d6823c795bf1ae27d083a11ded43437d587f95cdaf978f8d4f.jpg",
"blurhash eVJb8N4n00WBWB_4D$D%ofxuxuadM{Rjoet8%Lj[M{M{M{xuofWBWB",
"dim 1179x643"
],
[
"imeta",
"url https://nostr.build/i/b1cad2e966cb14b8091537b8a36ca407d969e8d95125a320fecbcd3e4559644c.jpg",
"blurhash eGH.yh-=I8IVt9NaM{D#ae-;qsM|.AfSIn%Lo$S*RPobNyWBROngoJ",
"dim 1179x766"
],
[
"imeta",
"url https://nostr.build/i/73b666ba70670c2899940facc5132e593356e5394757c449db54aad0d544a0e5.jpg",
"blurhash eHG8Dw=_9t%1M{~B$%WAofWCShR*s.WBaz9GNGs:fkt6-URjt7WAof",
"dim 1179x787"
]
],
"content": "Sometimes people say stupid shit like “in a world where bitcoin is a million a hamburger might cost a million”\n\nThis is overexaggerated hyperbolic nonsense. \n\nHere’s how to think clearly about the world you will be inhabiting at bitcoin one million. \n\nLet’s use my favorite example. A trophy property in any prime location in America is 20-25MM right now. \n\nThat’s a little under 1,000 coins if you’re looking to ball out.\n\nBy the end of this decade bitcoin will likely be trading above a million due monetary/fiscal inflation. \n\nThese properties will not sit idle at 25MM though. \n\nThey will inflate as well as they are subject to the same market forces. \n\nLikely at a lower rate of 4-5x vs bitcoins 30-50x. \n\nSo while they become more attainable for bitcoiners. These properties will still cost 100MM + or in bitcoin terms 100 coins. \n\nBetter than 1,000 coins but still not exactly cheap. \n\nHamburgers will probably be $15. Shit, good ones already are. https://nostr.build/i/a808508b026ca7d6823c795bf1ae27d083a11ded43437d587f95cdaf978f8d4f.jpg https://nostr.build/i/b1cad2e966cb14b8091537b8a36ca407d969e8d95125a320fecbcd3e4559644c.jpg https://nostr.build/i/73b666ba70670c2899940facc5132e593356e5394757c449db54aad0d544a0e5.jpg ",
"sig": "91192cd5237492b63e8cce8b5d2176c9e98b38a87b3c56fcfd4e5fa10736014f8b531e223b1abf779949c44e25c6670aaec0f0c921200e1178d2b119e3eb018b"
}
