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I'm not an accountant or a shitcoinologist, but can someone explain to me how Alameda can have more FTT shitcoin listed as an asset on its balance sheet than there is FTT in existence?
cc: @BitcoinIsSaving
#RunTheNumbers
cc: @BitcoinIsSaving
#RunTheNumbers
Could they be counting tokens that are not circulating as an asset? The obvious problem here is that releasing them for circulation increases the supply & depresses the price of the rest of the tokens.
The scarcity of #Bitcoin is tougher than you might think.
When Bitcoin is adopted globally, its scarcity will hit harder and faster than our minds can comprehend.
In this little weekend project I estimated how many people can own a full BTC? And 10? And 21?
I #RunTheNumbers🧵
When Bitcoin is adopted globally, its scarcity will hit harder and faster than our minds can comprehend.
In this little weekend project I estimated how many people can own a full BTC? And 10? And 21?
I #RunTheNumbers🧵
Of course, we know the theory.
There will be a maximum amount of 21M #Bitcoin.
That means that the theoretical max # of hodlers is:
- Wholecoiners (1 BTC)-> 21M
- Satoshi Billionaires (10 BTC)-> 2.1M
- One-in-a-Million Club (21 BTC)-> 1M
There will be a maximum amount of 21M #Bitcoin.
That means that the theoretical max # of hodlers is:
- Wholecoiners (1 BTC)-> 21M
- Satoshi Billionaires (10 BTC)-> 2.1M
- One-in-a-Million Club (21 BTC)-> 1M
In reality, the distribution varies significantly from the theory. I took a look at the "Bitcoin Rich List" and here is my rough estimation:
- Wholecoiners (1BTC)-> ~2M
- Satoshi Billionaires (10BTC)-> ~445.000
- One-in-a-Million Club (21BTC)-> ~215.000
bitinfocharts.com/top-100-riches…
- Wholecoiners (1BTC)-> ~2M
- Satoshi Billionaires (10BTC)-> ~445.000
- One-in-a-Million Club (21BTC)-> ~215.000
bitinfocharts.com/top-100-riches…
