Over the past 2 weeks I have been stumbling onto articles here on PublishOx, and videos on Rumble, and YouTube talking about a circular Bitcoin economy.

Seeing that Bitcoin Beach in El Salvador is a huge success, they produced a white paper detailing how it became so.

They encourage everyone to take a look, and even copy their model to move crypto into the norm.

I took the challenge, and for the last few days I have been doing as much reading and preparing as I can in my limited capacity.

Obviously I don't own 1 full Bitcoin yet, but that WAS my hope. NOW, I am looking at teaching a few people in my community about Bitcoin, and then after onboarding stores and other businesses by "holding their hand" the entire way to ensure success, I hope to be a part of a Bitcoin economy.

The white paper is a great resource and has even helped me understand Bitcoin better as well.

With that being said, I want to take a look at bartering and trading too. 

This will give me some insight into how to price things in BTC, and not in fiat. 

For example, my zucchini bread is 90 pesos per loaf. But that is what I charge.

What does one loaf cost in ingredients? Well, as far as I can tell, 6 pesos for the 2 eggs is the biggest expense.

A box of eggs, consisting of 30, costs 75 pesos, and I make 15 loaves.

One kilo of flour costs 20 pesos, and I can make about 5 loaves with it.

That's 4 pesos per loaf. So now we are looking at 10 pesos in expense so far. But the zucchini is cheap and 1 costs 3.5 pesos.

This is now 13.50 per loaf. Plus the other ingredients, it comes out to around 15 pesos per loaf, after gas, and other things.

This leaves me with 75 pesos and enough to get another box of eggs.

Let's look into the future when Bitcoin is the currency.

At this moment, in 2023, the world GDP is around 110 Trillion dollars. 

Also, there will only ever be 21 million Bitcoins. Of those, a little more than 19 million have been mined.

But there are other factors included as well here.

It is estimated that about 20% of all Bitcoin has been irreversibly lost, which is somewhere in the neighborhood of 4 million.

Only around 2 million remain, and that won't fully be realized until 2140 a.d. Yeah, a long time from now, a time that I don't believe we will see...(that is for another post!)

So what's going to happen for the next 50 years?

In April of next year, the Bitcoin reward will drop from 6.25 to 3.125 Bitcoin per solved block.

In a recent post, I said that the price of Bitcoin, by 2027, should settle down to around $88,000, (rounded up to $90,000 USD) before the halving event of 2028.

We could see an all time high at around $195,000 USD due to volatility, before it settles.

But to get back to GDP and pricing things, by 2028, what remains after the 4 million lost coins, the others remaining in the future, we shall have around 15 million Bitcoins. (By 2028)

This will mean that with the 110 trillion GDP, this makes 1 Bitcoin worth $7,332,000 USD, AT THIS MOMENT!

Now, let's take the 15 million Bitcoins and break that down...

I wrote before how we shouldn't equal 1 Sat to $1, that would make all of the circulating Bitcoin worth 10 times more than the entire world GDP.

We should equate one Sat to .01¢ 

If my zucchini bread is $4.50 USD (90 pesos) then this should be obvious... 450 sats. But here is where even I have made a BIG mistake...

If this is the case now, that would make each Sat worth .07¢ due to the GDP.

I believe that with a few adjustments, I will now argue for a .10¢ satoshi. I still believe that a $1 per Sat is too high, but am willing to change to .10¢. 

So with one Sat worth 10 cents, what does that mean for my zucchini bread? 

It would only be 45 sats for 1 loaf of bread. Which means that 450 sats before would be equal to $45 USD.

This in turn would move the price of one Bitcoin to $10,320,000. A number we have seen before.

If we base the amount of Satoshis on the world GDP, we should find it much easier to price ALL goods and services in Bitcoin.

And this was the reason for my post today.

I have started a price chart that will delve into the world economic system and help bring all economies under the Bitcoin umbrella.

Using the 1 satoshi = 10¢ = 2 pesos (add your countries fiat here...) formula, we can, (for example) charge 1 satoshi for a 16 oz. (roughly 500/600 milliliter) bottle of water.

If 1 Bitcoin is $10,000,00 (10 million dollars) then this is the formula. I suggest everyone use this to price your products from now on.

In the coming weeks I will post my product pricelist and I hope others add to it so we can all make this a reality.

Thanks for reading, and please let me know your thoughts on a circular Bitcoin economy, below...👇🏻