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Consider the following scenario:
• You start with $500,000 in Bitcoin savings.
• Over the next 20 years, you expect it to grow at an average annual rate of 15%.
• At the same time, your living and lifestyle expenses begin at $50,000 per year.
• Those expenses are expected to increase by 10% annually throughout the 20-year period.
• Each year, you’ll withdraw just enough to cover that year's expenses.
• After 20 years of steady growth and regular withdrawals,
• You can expect to have around $1,761,294 left in your Bitcoin savings.
Candles and horses also had much longer histories than electricity and automobiles, but that didn't matter.
Same goes for Bitcoin and gold. Why hold and use the sound money of the past, when the money of the future is available?
Isn't it crazy how bankers are afraid of lending money into existence to someone, because they're afraid of not being paid back by that someone, even though the bankers literally created the money out of thin air?
People who criticise Bitcoin claiming it's slower than Visa or MasterCard don't know how the current monetary system works, nor do they understand what final settlement is.
Debt is baked into our society by governments via property taxes and by banks via fiat currency.
This system is designed to benefit the 0.01% at the expense of the 99.9%.