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Re: Panama City Approves Bitcoin and Crypto Payments for Taxes, Fees, and Permits

By: monkeytrots in GRITZ | Recommend this post (0)
Fri, 18 Apr 25 8:46 PM | 14 view(s)
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Msg. 06938 of 07141
(This msg. is a reply to 06935 by Fiz)

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Bitcoin is pretty much only mined by the CCP - ie. Red China.

Shut down the bitcoin mines - nobody can trade/use existing 'bitcoins'.

Proof enuf ?




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The above is a reply to the following message:
Re: Panama City Approves Bitcoin and Crypto Payments for Taxes, Fees, and Permits
By: Fiz
in GRITZ
Fri, 18 Apr 25 8:26 PM
Msg. 06935 of 07141

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From crypto.com:
"Approximately 19.5 million bitcoins have been mined and are currently in circulation, out of a total capped supply of 21 million. The remaining bitcoins are expected to be mined gradually, with the last one anticipated around the year 2140"

So, call it 20 million bitcoins. Bitcoin is "worth" around $100k per coin.


Pull out your calculator and play with the numbers.


Set any other defensible valuation and number decision. Maybe change the code to allow 100 million and set the starting value (floored by taxes) at $20k USD each. So total valution of the full mining set starts at 100,000,000 x $20,000 = 2e12 = $2 Trillion base value. Watch it zoom in value from there, as the first PRIVACY & STRICTLY LIMITED NATTIONAL COIN IN THE #1 ECONOMY AND BASTION OF FREEDOM IN THE WORLD.

Will someone check my numbers and logic, please. Why wouldn't it take off like a rocket? Yes, it would collapse the paper dollar valution right quick. But the US can print unlimited quantities of those to pay off the national debt entirely.

And the U$Bs given to US citizens would establish broad satisfaction with the new currency ;-) -- although the banksters and other criminal/klingons wouldn't be too happy to be made to stand in the "ordinary persons line". ;-(

Glorious!


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