Re:Money Stuff: Tesla Sold Some Bitcoins
by neom on Wednesday April 28, 2021 @02:58PM
(#26972807)
I bought bitcoin because I am super curious what will happen when the last(*most of the btc) bitcoin is mined, and I want to own a small amount of it before that point, just to be involved with whatever happens next. I realize that's probably super super weird logic, never the less, here I am.
[ Parent
| on HN ]
The last Bitcoin will be mined in ca 120 years. [1]
Maybe better invest in longevity research if you wish to witness this event.
[1] https://bitcoin.stackexchange.com/questions/10486/when-will-...
Yes, sorry I wasn't very clear, I didn't literally mean the last bitcoin, more.. most of the bitcoin, I was thinking the 2035-2040 timeline (~20years from now).
Most people I know have the same thought process. "It is probably nothing, but I'm going to put a tiny amount of money into it just in case to avoid losing out." When enough people do this, they themselves are giving Bitcoin the value it has.
Re:Money Stuff: Tesla Sold Some Bitcoins
by johnyzee on Wednesday April 28, 2021 @03:35PM
(#26973177)
In case you didn't know, this is almost word for word Satoshi's prediction for the bitcoin success scenario. [1]
[1] https://satoshi.nakamotoinstitute.org/emails/cryptography/17... It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.