Poor poor Samantha LaDuc.
We all make mistakes, some of us just aggressively run into walls better than others do.
What Happened, and Why Does It Matter?
So a woman named Samantha LaDuc, who had a solid Twitter presence (and had a college degree from what I recall) has had to delete her entire Twitter profile because of a comment she made about Bitcoin about a few days ago.
It has been deleted from social media, but luckily I was still able to dig it up.
I mean, we can all kind of see where she was going with this.
But it was a really dumb take, yes.
And the Bitcoin community is not known for their merciful ways. She got obliterated, and had to delete her entire profile which who knows how long it took her to achieve.
I do feel for her. It was a bad take, but we all have them.
The reason this is so important however, is how her take is something that may actually run through the minds of many people — maybe less so right at this moment, but as Bitcoin becomes more the norm than the exception, we WILL see this argument again.
Maybe not publicly, but people will be thinking it.
So it needs to be discussed a bit.
Why Is It So Foolish?
Samantha was pointing out how BTC has no real value because you can divide it up into as many sats as you need to, down to the 8th decimal if I recall correctly.
And fun fact, if we ever need to go further than this in the future, we can, with a soft fork.
Anyway, she is correct, there are (or can be) enough sats for everyone in the world to have some Bitcoin.
…….but very very little Bitcoin.
Derp.
The resulting comparisons were poignant and hilarious.
The first one I heard was how Italian marble is also worthless because there are enough granules out there for everyone in the world to have at least one.
Then the pizza comparison came up, and took flight.
Did you also know, that a single pizza can feed the entire planet??
It could “feed” them technically….if you cut it small enough.
The memes and video clips were a hoot. A bit obnoxious here, but funny:
https://x.com/staccSats/status/1747028741744677298?s=20
But there is something else very interesting to come out of all of this.
Stay with me here…
The “One Bitcoin” Fallacy
Bitcoin is still a new idea and a new technology to most people.
Many of them don’t really get it, and to be honest that’s fine, it’s not their job to (yet).
If you talk to enough people, you will get a good handful of them saying how Bitcoin is too expensive for them to invest in.
I’ll say that again — they think BTC is “too expensive” for most people to invest in.
This is obviously absurd. You can invest with as little as one USD, even less!
But that’s not how many people in the world see it.
It’s not that they know how to properly valuate Bitcoin, they certainly don’t.
Some people honestly think it takes over $40,000 to invest in Bitcoin, because “That’s how much one Bitcoin costs”.
Again, absurd to you and I, but not to the populous.
This means a few things. One, we are still sooo early, but it means a couple of other things too:
One Bitcoin Will Become An Absolute Flex
It already is, but once the world catches on, ohhhhh baby.
This is just how people see things. They won’t buy BTC because obtaining one is too much money. And why spend thousands just to have a fraction of one? Pfft, how pointless!
Having one BTC or more is already prestigious, whether you’re somebody who understand it, or somebody who doesn’t.
So the game going forward, especially with the rich individuals and institutions, is going to be acquiring as many full BTC as possible.
And there are only 21 Million to go around.
Digital. Scarcity. Is. Real.
When the rest of the rich folks out there catch wind of this, I’m predicting there will be an absolute land grab to get as many BTC over the amount of 1 as humanly possible.
It’s not only the perception of some people that this is the minimum amount you can buy, but it’s also a serious flex.
And I want to have as much as possible sitting in my wallet before this happens.
Don’t Forget
My Litecoin Theory, which is also explained in the above video, applies here too.
Most humans will be (and are already) well priced-out of buying one Bitcoin.
But they can afford Litecoin, which does the same thing and also has a finite supply.
Most people just aren’t aware of this.
Yet.
Once the narrative surfaces…..look out.
Conclusion
Get as much of this stuff into your wallet as you can before these narratives take full shape.
NFA
— VP