. Nobody is questioning the viability of having a 1000-people party with $1 Million budget!! I mean, wtf, a few months ago I did not even dream of this and still got ridiculed.
I am so much in.
I sprayed my coffee all over my lap LOL'ing, to be honest I still don't know who of you are homeless and who is 13 training on the school library's computer.
Hey at a $1000 a bitcoin, even the homeless and 13 year olds will be flying first class to Germany for the party.
+1.
There are only so many bitcoins...
In 2010, you could effortlessly buy
BTC10,000. But only 2100 people will be able to hold it.
In 2011-2012, you could buy
BTC1,000. But only 21,000 people will be able to.
In 2013, most can buy
BTC100. Still, that is only 210,000 people.
There are more than a million bitcoin users now, so obviously most hold less than
BTC100.
Once the bitcoin userbase grows to one billion, only 21 million at most can hold even a single bitcoin. It does not take a scientist to see that
BTC1 is very valuable, and a stash of
BTC100 bought in 2013 is immensely valuable.
More statistics of bitcoin ownership.
Warning: simple math and advanced logic.Situation now:
| #People | #Bitcoins | #TotalBitcoins |
| 100 | BTC10k+ | 5.5M |
| 900 | BTC1k-10k | 2.9M |
| 5000 | BTC100-1k | 1.6M |
| 31k | BTC10-100 | 1.0M |
| 167k | BTC1-10 | 0.5M |
| 1M | BTC0.1-1 | 0.3M |
| 3M | BTC0-0.1 | 0.0M |
Total: 11.8M bitcoins, 4.2M owners
Situation later:
| #People | #Bitcoins | #TotalBitcoins |
| 63 | BTC10k+ | 3M |
| 1000 | BTC1k-10k | 3M |
| 10k | BTC100-1k | 3M |
| 100k | BTC10-100 | 3M |
| 1M | BTC1-10 | 3M |
| 10M | BTC0.1-1 | 3M |
| 600M | BTC0-0.1 | 3M |
Total: 21M bitcoins, 611M owners
Of course the numbers in ownership brackets can be off by a factor of 2, but it is mathematically impossible for them to be off by a factor of 10!
Therefore we conclude that by buying and holding BTC1, you are forever guaranteed to be among the top 1 million bitcoin owners, regardless of how cheap you managed to buy it, or how valuable it gets in the nearest years.
Iirc, it takes $10M+ to get to the top 1 million in dollar wealth, so we are talking about royal money.
There are definitely 13 year olds with
BTC100 or more. Since there are about 6,000 people with
BTC100. I would be more wary for 17-year olds who were 13 at the time when coins could be mined 500 per day
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