In the #bitcoin standard, your retirement age will be 40. You work only 10-15 years based on your desire. while In the fiat world, your retirement age is 67-70. Modern-day slavery. You work and you die.
As bitcoin is only 21 Million so it conserves the energy forever as it can not be debased. In the bitcoin standard, you will earn some bitcoin or a fraction of bitcoin which is nothing but represents the energy you spent and will store it forever so that you can use it whenever you need it.
Once you feel that you collected enough BTC/sats from the 21 million pie, you can retire, and still, you can live the same life as you can project well your expense for the remaining years of your life. Very important to take into consideration while retiring that, all goods will go down in bitcoin terms as every good will be divided by 21 million and so they call, infinity/21 million. so for example 5 years back with 1 bitcoin were able to buy a mac book laptop, now the same 1 BTC can let you buy 1 car, and so on.
Hyperbitcoinization (sudden rush to buy bitcoin) is inevitable once humans realize that they can store value or do true savings in bitcoin. Also, bitcoin early adopters (who have 25 million sats or 0.25 bitcoin ) can retire once hyperbitcoinization happens which is likely in the year 2030 to 2033.
While in the Fiat world, you keep collecting paper money which is debased again and again by a central bank or human greed by printing more and so you can end up working almost your entire life and can not retire as there is almost no saving or savings go worthless day by day or price of goods go up day by day.
Submitted June 02, 2022 at 08:20PM by kevinrb13 https://ift.tt/XDhOVPr
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