The Book about Cryptocurrency №1. Second edition expanded. Viacheslav Nosko

      Well, so far it hasn’t reached the value of $100,000 per bitcoin, with the maximum bitcoin price reaching $68,789.63 in November 2021. After the decline in 2022, we are seeing the cryptocurrency rise again, so we may see Luka’s prediction gradually come true in the medium term.

      Luka has raised major issues and described the fears of many opponents of cryptocurrency as coming true in the not-too-distant future. The author cites the price for 1 BTC in different years. Part of the predictions came true, the value of the coin roughly corresponded to reality.

      As of 2019, Luka is wrong by a whole order of magnitude. Bitcoin is not worth $1 million, and so far its price has not even reached $100 thousand. The volatility of the asset does not allow you to make far-reaching predictions.

      It is known that more than 19 million bitcoins have been issued in the world today. Several million have been permanently lost. The population of the planet is still just over 7 billion people.

      And here is this prediction almost matches reality as of July 2023. The world has already mined 19,425,118 bitcoins. In general, this figure has already been calculated mathematically, based on the peculiarities of the mining algorithms. The maximum possible number of bitcoins is 21 million coins. Because of the mathematical model governing the issuance of bitcoins, it will take even more than 100 years to mine the remaining 9%. However, already, according to various reports, about 6 million bitcoins have been irretrievably lost. So because of the limited number of coins, it is logical to assume that the rate will grow even more, eventually reaching both $100,000 and a million dollars.

      There are already more than 8 billion people on earth, of which, according to various data, from 100 million people or more own cryptocurrency.

      Bitcoin blockchain data shows that there are currently more than a billion wallet addresses. But people may have more than one wallet or store their bitcoins on centralized custodial exchanges, making it difficult to estimate the actual number of people using bitcoin in the world.

      In a letter from the future, Luka_Magnotta mentions Citatel (Citadels) – closed and fortified cities where bitcoin mining machines are located. Perhaps such cities have already appeared and will eventually really become free territories, uncontrolled by any states.

      Now most bitcoins are mined in the United States, Kazakhstan, Canada, and Russia. Just in these countries Citadels will probably appear.

      Further Luka_Magnotta predicts a complete collapse of traditional states.

      In my world, which will soon become your world, most governments no longer exist because bitcoin transactions are anonymous and therefore most governments are unable to organize taxation of their citizens. Bitcoin’s success is primarily due to the fact that it has proven to be an effective method of hiding wealth from the government. At first, people entering «rogue countries» (such as Luxembourg, Monaco, and Liechtenstein) were chased by drones to ensure that the government knew who was trying to hide their wealth. Then, when people started hiding their funds using bitcoins, the government no longer had ways to control the process.

      So far, complete anarchy has not happened on Earth, governments are working. But here’s a prediction about the use of unmanned drones could very well become a reality. UAVs are increasingly being used for both military and civilian purposes.

      The economy is growing at about 2% per year. Why? Because if you have more than 0.01 bitcoin, you are probably not doing anything with your money. There is no inflation, and therefore no incentive to put your money anywhere.

      And that prediction hasn’t materialized so far. Perhaps because cryptocurrencies have not yet displaced other assets and there is not yet a critical mass of owners who can only live off of the coin’s steady appreciation.

      And