Time it would take to bring in 1 billion people to BTC, and finally to lightning

I was wondering how much time (in the Bitcoin blockchain) it would take if suddenly 1 billion people wanted to get some Bitcoin the usual way, because suddenly bitcoin was accepted by most merchants.

Considering that most people will buy from exchanges, for withdrawing to self custody that will require 1 billion tx (maybe less if the CEX comprises them), and considering an optimistic 5,000 tx per block, that would take 200,000 blocks or 3.8 years. After that, if everyone opened one channel, that would be roughly the same amount of txs again right? another 3.8 years?

Am I correct? Maybe I am an idiot and I missed something.

As an alternative, would it be possible to skip all the onchain process and onramp people directly to the lightning network, but allowing everyone to have their own lightning nodes? (not like Muun wallet, which I love btw).

submitted by /u/felipebrunet
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Jason Lowery & IA: Can Bitcoin Bring Peace? Asset Protection, Great Reset, Mars + more

submitted by /u/Geoknysis
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Miners who hold the most BTC are constantly expanding?

Miners are not only maintaining their ground, but also drastically boosting their hash rate, according to a variety of mining measures. According to a research by Arcane Research, publicly listed BTC miners are always seeking for ways to expand, since they expect to boost hashrate higher than the whole network by 2022.
According to the latest numbers from the Cambridge Bitcoin electricity usage index, North American miners account for 44.95 percent of the worldwide hash rate. It's anticipated to rise, given the enormous predicted increases in goal hash rate among publicly listed Bitcoin miners. They don't have to sell their Bitcoin to acquire additional machines, expand their rack space, or do anything else.
They could head to the capital markets and receive the money they need to keep expanding. As a result, they are able to hold big Bitcoin positions. I think this will drive the price of BTC up, plus the entire crypto market with it, so I’m stacking up BTC, along with ETH, Solana, SocialGood, Avalanche… projects that have proven their purpose in the industry.
Bitcoin has proven to be too big to fail and will keep increasing with value as more people invest in it as digital gold. Last year, many theorized the rise of BTC to 100k$. Do you think it’s possible this year?

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submitted by /u/Livid_Toe_721
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source https://www.reddit.com/r/btc/comments/thc1uj/miners_who_hold_the_most_btc_are_constantly/

New Restaurant in Barquisimeto - Venezuela already accepts Bitcoin Cash

​ https://preview.redd.it/bxxn2o9ux6o81.jpg?width=1280&format=pjpg&auto=webp&s=6a9e5f301d89ffe449a37852dfecb2113dcd7c0f https://preview.redd.it/jngqr7kux6o81.jpg?width=1280&format=pjpg&auto=webp&s=42d35e276346013458ce6c665855b5cb57e756ad https://preview.redd.it/mfo6xd9vx6o81.jpg?width=1280&format=pjpg&auto=webp&s=538d7648b970271e4021123bb4b19f7ff424b34f submitted by /u/Joseignacioarajo [link] [comments]

source https://www.reddit.com/r/btc/comments/thcmdx/new_restaurant_in_barquisimeto_venezuela_already/

I hope our politicians are listening to this brilliant MIT US Space Force guy

submitted by /u/s3k2p7s9m8b5 [link] [comments]

Elizabeth Warren is trying to criminalize and sanction US citizens operating bitcoin nodes/put narcware on all US bitcoin nodes/cold storage wallets.

My absolute main issue with bitcoin reddit, is that you guys underestimate how bad it is to continuously have laws passed to criminalize your existence. While China indeed didn't technically truly stop bitcoin, they all but effectively did.

I'm afraid you're going to have to focus on politics and doing whatever is politically necessary to get laws passed that protect peer to peer rights.

submitted by /u/samdane7777
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Moderate Inflation is a good thing is a myth, propagated to justify insane policies

Just your regular reminder that we all have been subject to a heavy dose of propaganda in our school system on inflation and consumption.

This is mainly to justify the necessity of government controlling the money-supply.

A statistician (Keynes) from an aristocratic family who never had to work came up with the (incorrect) theory that spending and consumption are good for the economy, while savings are bad. Therefore, savers should be punished by constantly debasing their savings.

Lots of governments ran with it to justify debasing their currencies to death to pay for WWI and WWII. After the wars, controlling money was too powerful to give up and we ended up with the current insane propaganda that money constantly losing value is actually a good thing.

The economy prospers by hard work and innovations, not by arbitraging financial instruments and buying cheap Chinese shit on a credit card that you can never fully pay off.

If you going to hold Bitcoin for more than a week, read something like the Bitcoin standard - so you can detoxify your brain from all the propaganda.

submitted by /u/Vegetable_Study3730
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