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

By: Zimbler0 in GRITZ | Recommend this post (2)
Sat, 19 Apr 25 2:04 AM | 12 view(s)
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Msg. 06974 of 07170
(This msg. is a reply to 06935 by Fiz)

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Nov 7, 2022James Zhong, of Gainesville, Georgia, pleaded guilty Friday to wire fraud in the theft of about $3.36 billion in bitcoin from the illegal Silk Road marketplace.
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Nov 15, 2024Ilya Lichtenstein and his wife, Heather Morgan, executed one of the 'largest Bitcoin thefts' in history, draining 120,000 bitcoins from Bitfinex in 2016.
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Two young men pulled off a $230 million bitcoin heist in one of the largest crypto thefts from a private individual in U.S. history. But after indulging in luxury cars and a $2 million watch,
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Jan 8, 2024What is Bitcoin theft? Bitcoin theft is the unauthorized taking of Bitcoin from a digital wallet. This can happen through several means, including hacking into a Bitcoin exchange or service or simply stealing a user's private key. In either case, the result is the same: the loss of Bitcoin
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BitCoin Thefts . .
Zim.




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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 07170

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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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