Topic: Have you seen this? All the Money in the World - Visual from demonocracy - page 2. (Read 1114 times)

Is having a fiat, debt-based monetary system a good thing for the world?

Speaking of all the money in the world -
Here is how GLOBAL bitcoin is - see the Bitcoin top countries for trade here:
https://bitcointalksearch.org/topic/which-country-are-you-from-here-list-thirty-popular-bitcoin-countries-for-trade-1853019

Thank you and thats great news for you.

I hope this visual at the url in the OP helps teach something to readers here.

It gives great reason for the past, present and future rise of Bitcoin's price as fiat is continually devalued and worthless.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter. Bitcoin cannot be controlled.

On the opposite end of the spectrum the global fiat system broke a couple of decades ago.
Fiat around the world is heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-false claims and insurance losses
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

This graphic is really cool. I especially liked it at the beginning. When it started getting really big it was just too much to wrap my mind around.


I just checked out my own wealth at Global Rich List and I'm in the top 1.03% when it comes to income, which is shocking since from where I'm from it isn't even considered that much. It isn't bad, but it isn't considered crazy wealthy. Surprisingly enough when I went to the wealth calculation it was 12.63%. I expected it to be even smaller since I love to save/invest, but that was not the case.

Anyway to make or summarize this visual into one pic in a post here? Or is it impossible because of how long it is and the endless scrolling?

Interesting viewpoints.

Hmm, well I was amazed about the $50 Trillion in Fiat money in Banks available for withdrawal at anytime.
Bitcoin isn't even ONE PERCENT of that?!

That is a good point which is also of note. I also believe this to be true. However, it does not change my point about the public infrastructure which even homeless people can take advantage of for free. (Example: they use supermarket washrooms to wash up, air conditioning, etc.)

Many, many countries do not have air conditioning in most buildings. We take it for granted.

Most people living on modern societies are in debt, so they are poorer than a homeless man with $2 in change in his pocket.

Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

This is a really amazing graphic. However, I do think the scale is off for Bitcoin's market cap compared to the billionaires listed.

With that said, $1,000,000 seems a lot smaller now when you compare it to $1,000,000,000,000. hahaha

I encourage you to scroll through this cool visual here of the liquidity pyramid which includes bitcoin (Jan 2017 already being dated):

http://demonocracy.info/infographics/world/lqp/liquidity_pyramid.html

Have you seen this?

Surprised by anything here?
Thoughts?