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From: Mild Shock <janburse@fastmail.fm>
Newsgroups: sci.physics
Subject: The trillion dollar damage (Was: Milestone or Maelstrom?)
Date: Thu, 5 Dec 2024 23:27:20 +0100
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The trillion dollar damage is
very easy to conceive:

- The Bitcoin supply replaces fiat through usage,
   so its value is not only perceived but becomes real.

- Bitcoin slumps back from 100'000 to 50'000.
   Because technically Bitcoin is nonsense.

Whats the damage now? As of now, around 19.5
million Bitcoin have been mined.

50,000 × 19,500,000 = 0.975 trillion USD

LoL

P.S.: Question is who gets the "Old Maid" card?

Mild Shock schrieb:
> 
> Somehow I have a gut feeling that Donald Trump
> is the prime candidate to cause such a mess.
> Who knows, maybe in 3 months from now
> 
> we don't see MAGA, but rather a further decend
> into  becoming a 3rd world country, because of
> some crazy gamblers.
> 
> Mild Shock schrieb:
>> Yes I am unhappy. Since I am longing for the kick of:
>>
>> "Malicious joy is the purest joy."
>>
>> I am desperately waiting for this to happen figuratively:
>>
>> Yeah Yeah Yeahs - Heads Will Roll
>> https://www.youtube.com/watch?v=auzfTPp4moA
>>
>> I cannot believe that we can already control the world,
>> despite all the Artificial Intelligence and stuff,
>> and regulations from previous crashes.
>>
>> Recent crashes were:
>> - Dot-com bubble burst 2000
>> - Housing Market Collapse 2008
>> -
>>
>> Then the world was busy with Corona and Ukraine.
>> Now its time for a nice little financial crash,
>> that causes trillion damages, and not only
>>
>> billion damages as the FTX crash.
>>
>> Physfitfreak schrieb:
>>> On 12/5/24 4:12 AM, Mild Shock wrote:
>>>> Ha Ha,
>>>>
>>>> Thats a little bit idiotic post:
>>>>
>>>> It's ironic that #Bitcoin only hit $100k by buying
>>>> off politicians and getting in bed with government.
>>>> Without expected government intervention, this
>>>> milestone never would have been hit. What couldn't
>>>> be done in a free market was achieved through the
>>>> cohesive power of the state.
>>>> https://twitter.com/PeterSchiff/status/1864506441232744577
>>>>
>>>> Wait till the bubble bursts.
>>>>
>>>> LoL
>>>
>>>
>>>
>>> But that's another way of saying, "Thieves want their Dollars in a 
>>> safe place too."
>>>
>>> Bitcoin works for everybody!
>>>
>>> You sound unhappy about it cause you probably had a ton of money in 
>>> the form of Bitcoin when it was $20k then sold it all when it was 
>>> $30K :-)))
>>>
>>> It won't see those values ever again :) I'm happier than you because 
>>> I never placed my money in bitcoin. It moved up too slowly for me and 
>>> I could do better with other cryptos. Plus you cannot do Options with 
>>> crypto. That sucks.
>>>
>>>
>>>
>>>
>>>
>>>
>>
>