Is Satoshi Nakamoto's calculation of a bitcoin flawed??
First I will address that the idea of a "finite supply of gold" does hold any water (and has been around since ever) but can easily be debunked with the use of decimals, we could have for example: 0.01oz of gold worth 10,000 dollars. Would this also be possibly applicable to Bitcoin? Is Satoshi Nakamoto's calculation of a bitcoin flawed?? After reading that article, I got even more difficulties to imagine the value of anything, especially with the robotics and AI looming take over and will crash the already-highly-leveraged world markets in 10 years from now. Since several future generations have been indebted to keep everything afloat, it is very rational to think that the value of anything is almost 50% down.
Ever wondered, how are Bitcoins created?... Similarly to gold, there is only a finite supply of Bitcoins. In fact, there can only be 21 million coins ever created. Currently about 17 million Bitcoins have already been mined...... In 2009, the reward per block was 50 Bitcoins. Then in 2014, it was halved to 25 Bitcoins per block. More recently it was halved again to 12.5 Bitcoins per block..... New Bitcoins are created at a predictable and fixed rate, which means that as more and more miners join the network the more difficult it becomes to get a slice of the block rewards pie. ... This defined rate of creation was set forth by Satoshi Nakamoto when he created Bitcoin back in 2008. ... @jrcornel/ever-wondered-how-are-bitcoins-created
Unconsciously or not, people often thrive to inflate, make things look better than they actually are – and this tendency is driven by monetarism. Honesty is very rarely rewarded in such a landscape and this implies that mistrust is rampant. The Reality of Nature's zero-sum game is what turns any monetary theories into an unsolvable puzzle.
PREVIOUS BLOG ENTRY: Bitcoin & The Manic Bullishness Of The Crowds Struck Again (WAM/Jeff Berwick Talk Cryptocurrencies)
The Global Monetary System Has Devalued 47% Over The Last 10 Years http://www.zerohedge.com/news/2016-05-24/global-monetary-system-has-devalued-47-over-last-10-years
The bitcoin bubble: Why speculative bitcoin buy-ins now point to a disastrous bitcoin crash (2013)
Thank you for resteeming and upvoting these ideas, more people have to know that there is a bold solution to embrace the end of darwinism/competition that will be upon us in 10 years from now. The Earth Custodians Movement is a futuristic endeavor for humans who want to remain humans and to spread the importance of understanding Objective Reality for the sake of peaceful sciences. Moreover, it doesn't really matter as to whether we'll be seeing such a concept come true in our lifetime, what really matters is that we quit hoping that the next generation will take care of this heavy burden, because this is what led us to the impasse to start with.