A Steemian friend of mind (@mindhunter) posted a video blog this Morning in which he asked ""What do you think Bitcoin will be worth in 10 years"?
I replied... "When you ask what will something.... Anything... be worth in X amount of time, my first reaction is to ask, "Relative to what?" As I'm typing this, 1 bitcoin is worth approximately 4,144 US Dollars. That's what you can get someone to trade you for it. It's around 400 of my favorite Sirloin Steak lunches. 3.26 ounces of gold, or 248.58 ounces of Silver.
I have a little Sterling Silver flatware, with a 92 1/2 percent silver melt value. If I wanted to buy a bitcoin, I would have to have a little under 17 pounds of it right now. 10 years from now, maybe not so much.... Maybe more. What's interesting, is that in order to do the above calculations, I have to use the current Bitcoin to USD price ($4,143.77) Even more interesting is that this is a snap shot.
In 10 years, I expect the Dollar to have collapsed. This is due to some strategic moves I expect Russia, and China to make with regard to the Dollar. A Bitcoin is currently worth about 2,500 loaves of bread that I buy at my local store. In 10 years, it might take a $Trillion US to buy that loaf of bread. The loaf of bread might still be worth 1/2,500th of a bitcoin...... Even though my neighbors are pushing wheelbarrels full of USD to the store to buy some bread. What will Bitcoin be worth in Euros, Pounds, or Yuan? A bitcoin is worth 518 hours of me washing dishes at my job (A local restaurant.) Today... In 10 years, I might be wealthy in Steem Dollars, and you couldn't buy my time for any amount of US Dollars." (I'll be too old anyhow.)
My own work in Photoshop;
I've had times in my life when my time and labor was worth $50 to 60 US per hour. Nowadays, I will accept $8 an hour. This is all relative..... Due to my present situation, desires, and needs. I'm a whole lot more "Minimalist" now. My friends here on Steemit who are in to "Permaculture" will know the name Masanobu Fukuoka (One Straw Revolution.) He once said a quote that has had great impact in my life - Quote -
“I do not particularly like the word 'work.' Human beings are the only animals who have to work, and I think that is the most ridiculous thing in the world. Other animals make their livings by living, but people work like crazy, thinking that they have to in order to stay alive. The bigger the job, the greater the challenge, the more wonderful they think it is. It would be good to give up that way of thinking and live an easy, comfortable life with plenty of free time. I think that the way animals live in the tropics, stepping outside in the morning and evening to see if there is something to eat, and taking a long nap in the afternoon, must be a wonderful life. For human beings, a life of such simplicity would be possible if one worked to produce directly his daily necessities. In such a life, work is not work as people generally think of it, but simply doing what needs to be done.”
This is all part of turning one's back on the religion of Statism, taking the red pill, understanding what will be important as you lie on your death bed taking your last gasping breaths.
So what is (Or what will it ever) a bitcoin worth? What's a Dollar worth? A Euro? Loony? To Fukuoka They weren't worth spit!!!