Topic: bitcoin for everyone - page 6. (Read 821 times)

It is the old idea that in a communist world everything would be wonderful, when the pure reality is that if all the wealth of the world were confiscated and distributed equally, the next day there would be rich and poor again, because some would save and invest and others would spend it all immediately on whores and drugs (to give extreme examples).

The only way to ensure "equality" would be, the day after, to confiscate again those who save and invest to give it to those who have spent it on whores and drugs.

And we would all live happily ever after.

Maybe someone would give their hard earned money because they want to or out of the goodness out of their heart, are you that deprived of good will that you think that there is no charitable person anymore? There's Jimmy Donaldson aka Mr. beast as a good example.

Bitcoin is money. Money is something you receive for goods or services. Why would one give for free the hard-earned money? Just because that money is called Bitcoin?!

some stat:
  * "the world population was estimated to have reached 7,800,000,000 people as of March 2020" (https://www.google.com/search?client=firefox-b-d&q=number+of+people+on+the+planet)
  * bitcoin current supply: 18,660,000;
    minus 3,700,000 ( "Around 3.7 million bitcoin, currently worth around $140 billion, appears to be permanently lost or stranded in disused digital wallets, US-based paper The New York Times reported Tuesday." / https://www.google.com/search?client=firefox-b-d&q=how+many+bitcoins+lost+forewer)
    total: 14,960,000

in case of equal distribution as of may 2021 (no worries, it won't happen): 14,960,000 / 7,800,000,000 = 0.0019179 btc per person / 191790 sat per person
with the current average price of $55,000 per BTC : 0.00221794*55000 = 105.48 $ per person;

now let's dream a little bit.

some more stat:
 * "The world's population is projected to reach 8.5 billion by 2030, 9.7 billion by 2050" (https://www.google.com/search?q=number+of+people+by+2030);

year 2050:

some if's and assumptions:
 *99.9% of population has access to electricity and internet;
 * robots almost ready to do all the dirtiest and manual work for humans;
 *humans do mostly intellectual work, craft, art, etc.; they still can do manual and dirty work though, but only if they want to;
 *energy is clean, unlimited and practically free;
 *bitcoin has matured and evolved, got strength and new qualities:
   - become easy and convenient to use, cheap (low/no fees) and fast (processing time);
   - stayed decentralized;
   - become capable of self-defence (developed a mechanism against manipulation and abuse of the system);
    - governed by users/holders (has different levels of voting systems and various electoral, autonomous bodies within the system that counterbalance and equilibrate each other to avoid corruption and abuse of power);
    - has a mechanism of suppression of unnecessary urge for greed and unreasonable enrichment (various fee in case one holding more than need or speculate);
    - stimulate trust, help and support for those who are in temporal difficulties (unforeseen circumstances, illness, etc);
    - has a mechanism of discouraging laziness and make no room for freeloaders (want a bite - do your part);

some more if's:
 * bitcoin current supply: 20,900,000;
  minus 3,700,000 ;
  total: 17,200,000;
 * bitcoin slowly has been redistributed to all people on the planet: big holders willingly and voluntarily sell their surplus of bitcoins to bitcoinless folks (it is not profitable and respectful anymore to hold more than you need);
   
remember the year is 2050:

17,200,000 / 9,700,000,000 = 0.00177319 btc per person / 177319 sat per person;
with the price goes up to $1,000,000 per BTC : 0.00177319*1000000 = 1,773.19 $ (but who cares about fiat in 2050?)

177319 sat per person / a golden standard / - an average living wage for a common citizen of the world;

SO. all we need is a mechanism of equal distribution of bitcoin among all people on Earth, BUT it has NOT to be on the base of forceable expropriation and equal redistribution. the mechanism has to be just, transparent, beneficial for everybody, stimulating trust and honesty, fighting greed, corruption and laziness.