The final bitcoin is projected to be mined in 2140. Transactions can only be processed through the mining of new bitcoin. Therefore when the final coin is mined the transactions will cease and everyone will be left holding a valueless mathematical hash.
Transactions can only be processed through the mining of new bitcoin.
You misunderstand. Transactions are processed by the miners. This happens as long as miners exist on the network. The "network" reward for mining blocks is projected to end around 2140, when 21,000,000 Bitcoin have been mined. These are decoupled processes, though. The network rewards happen after the block is mined. Mining/transaction fees will also still apply after network rewards go away, so the incentive to mine will always exist.
everyone will be left holding a valueless mathematical hash.
Another misunderstanding I'd like to correct. We hold the keys to access the value stored on the blockchain. Ultimately the value is all stored on the blockchain. You can lose your keys (access to the value) but the value is always there.
Bitcoin should be lower, it's a bear market. This time period last cycle we were at the cycle lows of $3k, which was the previous cycle's high. Bitcoin being normal we would be closer to $17k. It's higher than it should be because of all the uncertainty in traditional options. Normal investing advice isn't working when bond prices are inverted.
That was my theory early on. That to prevent stagflation they'd bring in illegals to try and force GDP growth which responds to population growth. Because nothing would be worst for Biden than high inflation and a recession. The thing that shouldn't exist in their economic model happening again.
I worked for a decade to build up a downpayment for a house. Everytime I thought I was there, prices jumped again. I managed so save almost $100,000 but that's not even a 20% payment today.
So I gave up.
I've been living in the same cheap apartment the whole time, waiting to move, and my rent is half of someone moving in to the same building today. I've been living off my home payment for the last two years and I can keep doing so indefinitely.
Employment only covers those who're trying to find work. I think there is a huge number of people who have, like me, given up and are either relying on savings or government gibs.
You can write down vacancy but boot reduced rent. Reduced rent lowers asset value on book too because the need present value of the series of rent payments is reduced. Also, selling forces then to reduce the kids while also driving down price of their remaining holdings. But, once they start selling, it seems like it will be dominoes
Next do gold.
2018: $1,269/troz
Today: $1913/troz
Well there's your indicator, plain as day.
Now do Bitcoin
Bitcoin expires in 2140. There is no longterm generational wealth in ElectroFunds.
But for fun...
Bitcoin 2021: $65,000
Bitcoin today: $30,000
Yep. The sharks are eating the minnows.
That’s one of the reasons Monero is far superior
Expires? What exactly do you mean?
Nice cherry-picking, see you next year when it gets over $300K.
By the way, Bitcoin was $4-16K in 2018. Better than gold no matter where you measure from.
It's not hard to see what's happening unless you are willfully ignorant.
The final bitcoin is projected to be mined in 2140. Transactions can only be processed through the mining of new bitcoin. Therefore when the final coin is mined the transactions will cease and everyone will be left holding a valueless mathematical hash.
https://www.coindesk.com/learn/what-happens-when-all-bitcoin-are-mined/
You misunderstand. Transactions are processed by the miners. This happens as long as miners exist on the network. The "network" reward for mining blocks is projected to end around 2140, when 21,000,000 Bitcoin have been mined. These are decoupled processes, though. The network rewards happen after the block is mined. Mining/transaction fees will also still apply after network rewards go away, so the incentive to mine will always exist.
Another misunderstanding I'd like to correct. We hold the keys to access the value stored on the blockchain. Ultimately the value is all stored on the blockchain. You can lose your keys (access to the value) but the value is always there.
It's pretty neat.
Bitcoin should be lower, it's a bear market. This time period last cycle we were at the cycle lows of $3k, which was the previous cycle's high. Bitcoin being normal we would be closer to $17k. It's higher than it should be because of all the uncertainty in traditional options. Normal investing advice isn't working when bond prices are inverted.
I'm just holding Bitcoin. There is no second best IMO.
It's digital gold. And it's the only one that will be classified as a commodity by governments who don't want to be left in the dark ages.
We're either blowing ourselves up, or being saved by Bitcoin.
The trick is that everything runs on slavery hidden behind a veil of perceived freedom.
The economy can't collapse, because they're able to run the show for $0.
It's the same way we can't "vote for the other guy" to get out from under it: because they'll just cheat if they need to.
That's what Mexican labor is for, to cook the books
That was my theory early on. That to prevent stagflation they'd bring in illegals to try and force GDP growth which responds to population growth. Because nothing would be worst for Biden than high inflation and a recession. The thing that shouldn't exist in their economic model happening again.
International wealthy elites run the world. So technically yes, both our government and adversaries.
What does this have to do with ChatGPT? Doesn't this have more to do with CBDC??
Some perspective on the employment data:
I worked for a decade to build up a downpayment for a house. Everytime I thought I was there, prices jumped again. I managed so save almost $100,000 but that's not even a 20% payment today.
So I gave up.
I've been living in the same cheap apartment the whole time, waiting to move, and my rent is half of someone moving in to the same building today. I've been living off my home payment for the last two years and I can keep doing so indefinitely.
Employment only covers those who're trying to find work. I think there is a huge number of people who have, like me, given up and are either relying on savings or government gibs.
I gave up too. Bought 5 acres. Spent last year doing dirtwork. In the middle of framing now.
100k down? What city do you live in?? Start looking for FSBO, Foreclosures, tax lien auctions, condemned properties ect.
That's how the real estate holds up value. The books can be manipulated if lease rates are high
You can write down vacancy but boot reduced rent. Reduced rent lowers asset value on book too because the need present value of the series of rent payments is reduced. Also, selling forces then to reduce the kids while also driving down price of their remaining holdings. But, once they start selling, it seems like it will be dominoes