bitcoiner on Nostr: "under 1 BTC" means nothing if you don't account for bitcoins price. The 50, 25 and ...
"under 1 BTC" means nothing if you don't account for bitcoins price. The 50, 25 and 12,5 BTC block rewards of the first epochs could buy a lot less than todays 6.25 BTC reward.
Unless you are assuming Bitcoin has already become a unit of account in the next few years its a bit speculative to assume 1 BTC will be worth less than 6,25 BTC now.
Published at
2023-02-24 12:21:57Event JSON
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"content": "\"under 1 BTC\" means nothing if you don't account for bitcoins price. The 50, 25 and 12,5 BTC block rewards of the first epochs could buy a lot less than todays 6.25 BTC reward.\n\nUnless you are assuming Bitcoin has already become a unit of account in the next few years its a bit speculative to assume 1 BTC will be worth less than 6,25 BTC now.",
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