A suggested definition for “Bitcoin to the Moon”

moon-1280x720-istockphoto

“Bitcoin to the Moon” has long been a common saying, but nobody knows what it really means. I propose it is time to define “bitcoin to the Moon” to mean the most literal interpretation possible.

In the bitcoin community — and I mean that in the most inclusive sense, in all communities that call themselves the bitcoin community, regardless of whether they are the Judean People’s Front or the People’s Front of Judea — there is a saying of “bitcoin to the moon”, meaning it will rise above the normally-scaled financial charts so high it will touch the moon.

With bitcoin starting out at $0.10 or so and now, with all forks included, approaching $10,000, people are starting to ask exactly what “the moon” is, seeing how bitcoin as an asset (and crypto in general) defies all previous investments and asset classes. Have we reached the Moon already? What value is it, precisely? What number value lies beyond the Moon? There is no hard definition of this.

A friend of mine on Facebook suggested in a comment on a post, half-jokingly, that the measure could be literal.

I suggest we make it so.

I suggest that we make “Bitcoin to the Moon” mean just that in the most literal sense possible. “Bitcoin to the Moon” is the point in time, when one bitcoin will buy you a return ticket to and from the moon as a tourist. Give this another ten years of SpaceX and bitcoin development in parallel, and this is not inconceivable at all.

Image from SpaceX' imaged lunar base

It is exciting to live in the future, isn’t it? :)

Rick Falkvinge

Rick is the founder of the first Pirate Party and a low-altitude motorcycle pilot. He works as Head of Privacy at the no-log VPN provider Private Internet Access; with his other 40 hours, he's developing an enterprise grade bitcoin wallet and HR system for activism.

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Discussion

  1. Travis

    Rick, i saw a video of you on London real saying you see Bitcoin going to over 2 to 5 million dollars. Could the marketcap really get that high?

    1. Rick Falkvinge

      Doing the reverse math if bitcoin (or another cryptocurrency) captures about 10% of the internet-based trade, then yes, that’s what the market share of the total market cap would mean per bitcoin.

      And I don’t think it’s unreasonable that cryptocurrency could capture about 10% of Internet-based purchases, at least if it solves its current social (not technical) problems.

  2. b

    is the transaction speed/second a limiting factor for bitcoin or does it not matter?. will the tx speed naturally push bitcoin to be a settlement currency for big transactions anyway (because a slow tx for big money in bitcoin is a fast tx compared to the legacy banking system)?. ie/ people will gradually move away from using bitcoin for small transactions, but big business will take a bigger share?
    ty

  3. Rogerk

    Hi Rick

    As you should be joining the Swedish Billionaire club (SEK) soon I’m curious to hear what you have or are planning to do with your financial muscle? Since I heard you speak at the Norwegian Party congress several years ago you don’t strike me as a person who accumulates capital for it’s own sake. With your foresight and knowledge I see few better suited to help nudge the development of your digital future in a better direction. Or perhaps you are doing something in a completely different segment?

    My conclusion after being active in politics and learning more about the world is that only technology actually changes anything. Collectively humans operate on autopilot and in large groups, be they states or corporations, they behave like psychopaths. All the rhetoric you hear are basically just rationalization and whitewashing.

    Sure there are those who are principled and through action work towards the betterment of us all. But they are far too few to have much power…except that is in the arena of technology. Today one person with the right piece of software can change the world in an instant. What I think is important is to empower those people who are oppressed, who can’t fight back and who can’t talk about themselves and what they experience for fear of prosecution… be it by the mob or institutions of power. Tools empowering such individuals and groups is what I see has the strongest potential to actually affect positive change, much more so than political activism. Yeah that was my sales pitch ^_^

    Wish you all the best,

    Roger Kamben

  4. bill

    rick, what’s youre view on how Elliot Wave International see bitcoin and where it is?

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