Why bitcoin is currently worth US$800k right now? Bitcoin and gold are the hardest money known to man and in the last 15 years it can be argued that between the two bitcoin has become the best store of value. Just like bitcoin gold has a fixed supply except that we don't know how much gold is left to mine. In order to evaluate how valuable bitcoin is I thought about comparing their respective scarcity and the result might be of interest to you. What comparable unit of measure can then be used for that purpose? Let's take a 400 oz bar stored in central banks, googling or asking GPT how much gold has been mined so far gives 244 000 metric tons or 244 000 000 kg. A 400 oz bar weights around 12.44 kg so 244 000 000/12.44 = 19.6 M. If melting all the gold in 400 oz bars there would be 19.6 millions of them which is close to the amount of bitcoin mined so far. So there you have it, one bitcoin is as scarce as a 400 oz gold bar and at US$2000/oz it gives a value of US$800k per bitcoin. I hope you will find entertaining this back of envelope calculation on this Thanksgiving Friday, let's be grateful to Satoshi and keep helping bitcoin fixing everything that fiat money has destroyed

More speech, not less, is the solution to opinions one does not agree with. What does it say about where we are today considering this speech is five years old

RFK Jr exposing the main major forces controlling the government and restricting people's rights. One of the only and hopefully not the last persons fighting for freedom, best of luck to you

June 1963: is it the last time that an American president talked about peace? Five months later, JFK was assassinated and his brother RFK, leading the race for the presidency and opposing the Viet-Nam war, followed him in 1968 and never made it to the white house President Eisenhower's prescient 1961 speech warned about the military-industrial complex, is there a way out of never ending wars?

“I would rather have questions that can't be answered than answers that can't be questioned.” Richard P. Feynman Keep asking questions and challenge authority. If you cannot do so and are advised to look away you are being duped

"We pretend to work and they pretend to pay us"

An interesting experiment in the Republic of Singapore. A new app and credit card combined to a reward program to help people with their daily expenses.

DBS

Earn More Rewards with DBS yuu Credit Cards in Singapore

The DBS yuu Card and the yuu App help you earn bonus points for grocery, dining, health and beauty and more with the Best Rewards Club Ever

Unlike traditional credit cards where only the name of the merchand is revealed to the credit card company, this technology seems to be able to see the breakdown of the purchases, is it the implementation of level 3 credit card to the public?

P3 Cost Analysts

Level 3 Data: A Guide to Level 3 Credit Card Processing

Learn what level 3 data is and how to increase your revenue by using level 3 data in credit card processing.

Are the participants to this generous program trading rebates for the remaining of their financial privacy where everything they buy is itemised and visible by the card issuer?

The saddest thing about CBDCs is that it won't have to be forced onto anyone. Give people some illusion of safety, single digit interest rate and they will demand it

Probably one of the most important books of the post-colonial era, explaining how the dominant powers in the West have used the financial system to keep their former colonies in the state of servitude

Amazon

Amazon