The Bitcoin Gold Standard
- goliathflores
- Nov 17, 2021
- 1 min read
We used the time machine to look into the future. Something hilarious happened with Bitcoin. Just before putting on our headset Elon made it sound like he had told someone about the fact that we've had a time machine/viewing device. This level of AI isn't known to anyone except for 70 individuals.
Anyhow, what we found after firing the machine up was that all the coins had been mined, and it wasn’t worth mining the rest due to how difficult it became. What we found was that 1.3 percent of the wallets owned 98.8 percent of the Bitcoin wealth, so people created currencies that they could produce more of when needed while using Bitcoin as the new gold standard.

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