Responsible BTC ownership
Mining Bitcoin is no longer useful for the world economy unless mining is limited to sustainable powered mining. We do not want to be using our (non-labor) Earth resources for short term resource consumption and the completion of a network that is not yet generating the changes we need,
Thus the proletariat(as defined by google) should hold no more than (3,000 µbtc) with a verified wallet to stop the spread of this dangerous elitist owned apparatus. These may seem like harsh words but we are justified in their use to create limits on the amount of greed that is beginning to take over...
±16.7 m BTC is the current supply considering the amount of coins that people believe they have but they have.
7,300,000,000 (p) - world population official UN
21,000 000 m (m) - max supply of bitcoin
x = Bitcoin per per individual if equal distribution
21/7300 aprox 0.00287 per individual
ƒ(p)/(m) = x
To spur socialization and commerce between the peoples of the world the amount of 2,870 µbtc or close to 3/10ths of a Bitcoin penny. This is an adequate number for now and could be adjusted with population figures on a yearly basis, but the participants proportion of this should not change if we hold this amount of bitcoin when we are not conducting economic activity and hold it as equal collateral against the potentially disastrous effects of this new industry.
With current bitcoin prices this amount of 3 µbtc is equal to;
48.08 $ American Dollar
5438.83 ¥ Japanese Yen
64.00 A$ Australlian Dollar
3103.72 Indian Rupee
318.21 Chinese Yuan
1305.28 Ukraine Hryvnia
Where I am the other things I can currently buy directly with (0.003 btc worth of) American dollars the following things;
buy a nice dinner for two with no alcohol
buy phone for 1 month,
a full tank of gas,
a room in a hotel for 1 night
45 tamales
electricity service for 1 month
This amount is not yet enough to;
Pay for land to live on
buy all of the things above at once
pay for government registration on vehicle
pay for insurance
live adequately with the average of society
The question you should think of an answer to,
What is this amount of currency good for in your economic market
When will it be worth it to buy in if bitcoin may be able to help preform these services in the future?
x = 3µbtc
Until the amount of btc can buy a place to live for a year, do NOT invest anymore than this amount of Bitcoin or you are going to LOOSE it. This is the reason Bitcoin is on every investors tongue, in their motives is to attempt to control the world economy. If you really believe in the power of Bitcoin use it only now to buy things that you could afford to buy and still have at least this amount (x) and nothing more expensive. Go out to get some food if you can. See what you can buy with your person using Bitcoin. This industry is a LEECH upon our lives until we can learn to control this beast together and prevent world domination of speculative investing and the theft of the VALUE of this world resource of crypto-consent.
...We will not allow this to happen!
Now we need to standardize a recognizable world wallet for storing this amount in reserve that can also compel the daily mutual transactions you need from other similar wallets. There is no need to hold any more bitcoin than the above amount unless you are willing to loose it. Is this something that you could afford now or does it need to be less?
Do not demonize all crypto-currency but Bitcoin is the beast described in revelations and foretold of by countless mystics around the world. The material consumption of this one coin is eclipsing all others and threatens the freedom of a utopian future we deserve.
3,000 µBTC holding with authenticity network
If you have any money in BTC that is more than this amount and you did not get it from providing services to the rest of BTC holders or creating real items, services, food, access, but from other currency operations you are swindling the rest of your peers of the creation of proportional communal value.
Real socialism has arrived If your going to buy in or you have already, sell down to this limit now to limit your losses without penalty.
Steem is independent of this analysis since educational & social content is being created here.
All forms of money, tokens, and currency have the potential to preform the same economic effect but with equal investment in a worldwide computer TRANSACTION network we can transparently design this future together!
In our opinion BTC will never have real value above the equal distribution of every person in the world, you should not accept the unearned value since it was created with all of our resources.
Please promote this post in any form if you support this message and visit my tools link for helpful resources,
Thank you for reading!
all images from wikipedia.org
21.0 m Max Current 16.726437
https://steemit.com/steem/@godo/tools
Wow! Quite scinitilating. I enjoyed your new-to-me viewpoint. Have a wonderful day and thanks for tagging the OHB today. :-)
Thanks! I was not sure of this type of thing was good for that hashtag but I am glad to know it is :]
I hope to share it with as many as possible.
I don't think you can convince people to give up something whose price gains amazingly like Bitcoin. It is losing its utility however. Litecoin can handle 8x the transactions as Bitcoin. Steem handles more transactions on a daily basis than any other blockchain. Maybe it's not a bad idea to sell for that motive.
People cash out every day :]
BTC, its just a value tool and fiat money has been artificially inflated for too long so I see it as what is really worth it speculation or the things you can buy now with the price based on speculation.
The industry could go two ways, Increased regulation & government confiscation/authorization of the mining centers. Or continue holding and thinking about BTC all day until a massive bust that could leave your investment you may have worked hard for, gone. I do not see a third option other than my proposition outlined in the original post here.
@originalwork