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Thank you for using it!

Much higher

That BTC is the value which is impossible to pay back in Bitcoin at today's USD peg. The fact is that no one can buy all of the Bitcoin. It's impossible and will never happen. Second, the debt of the planet in Bitcoin is exactly 21,000,000 BTC! NO ONE WILL EVER PAY THAT. The debt of the planet is based on all of the existing money in existence. Once a money is converted to another the debt assumes a different value. With denominator less currency the debt is infinite. With a denominator based currency it is the value of the denominator and numerator equaling 1. Pegging purchases in Fiat currency to Bitcoin buying at the same Fiat peg is confusing and the language would be clearer if the statement was that at today's Fiat valued debt and Bitcoin peg you could buy this with this but that's false. The debt is a snapshot. We don't have fractional reserve banking we have no reserve banking. Meanwhile it is good to understand that the same amount of money that exists on this planet has always been here! It's just what peg you want to hang the value hat on. With 2.1 quadrillion sats on chain we can peg each one to dollars today and the debts could be settled tomorrow.

I had to read this 3x because apparently I’m very slow: The debt of the planet is based on all of the existing money in existence. Once a money is converted to another the debt assumes a different value. With denominator less currency the debt is infinite. With a denominator based currency it is the value of the denominator and numerator equaling 1. But I get what you mean brother 🤙🏼

Wow that’s a cool example of that app putting the national debt in perspective.

Only if you are naive enough to think the current market price of BTC equals the true value of BTC. By my calculations as of today, the current value of 1 BTC is approx 20 million USD. The market just hasn’t caught on yet. In the mean time I’ll keep stacking cheap Sats until everyone wakes up.

Let's print more BTC....

We're still early

$3.3Tn is roughly the market cap of Apple. If given a choice, do you think future generations would benefit more from another Apple or whatever the government is doing with the money?

Thank you for the zap! ⚡ I'm slow, too.

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