There won't be hundreds of thousands of trillionaires cuz not everyone would hold for that long and the possibilities of that happening are very low especially in the near future. Nobody pays a dollar for a saitama coin cuz there are so many in circulation. Yeah it does burn some coins and lower the supply but people that make money sell along the way. The whales that have millions of dollars worth have been selling some of their stack and then as new people come in the price is higher so they don't get as many coins. Right now to get a trillion saitama coins it costs over 70k dollars. A lot of people don't have that much to throw around especially to risk on these type of coins. Plus as people buy and sell and coins get burned and distributed it lowers the supply that new people can buy. As the current whales start getting out and the ones in the middle move up and out, the cycle continues with the new people and then the ones in the future. The money keeps flowing with 2% lost every time. Until there are way too many coins spread around by a high number of users and they eventually all get burnt unless they stop the burn at some point or 1 wallet controls it all. People are willing to pay extra for something they know they can get value out of and is in low supply. With so many saitama out there, they have no need to pay a dollar for it. That's why Shiba hasn't gotten there yet. Burn more and the value goes up and people start selling as they make their money. 1 whale sells a trillion coins and 100 people buy 10 billion coins and then the next 1000 buy 10 million and so on, or however the math goes. And also the people aren't beating the house because there is no house. This is more like texas hold em than blackjack. Money flows within the house, not to the house.
Thank you for your answer, bro, and I get what you're saying regarding the burning of coins as well as the fact that regular ppl won't be able to get their hands on that much Saitama once its worth goes up.
With that being said, I have to ask a similar question using Bitcoin as an example. At one point, Bitcoin was pennies (and I'm assuming, under a penny). IF people hodl'd and that's a big IF, but if they held their position and Bitcoin got to where it is now, at $62k a coin:
What happens?
If you have a million bitcoin because you bought it when it was like 5 cents, and I have a million bitcoin cause I bought it at the same time, and 100,000 other ppl have a million bitcoin cause they also bought it at the same time...
If all of us decide in the year 2021 that we want to convert our Bitcoin back to USD, would there now be 100,000 new billionaires?
What would happen in that situation? I'm trying to figure out how any bank or collection of banks could back up 100,000 Coli brehs who bought bitcoin back in 2013, and are now converting it to billions of USD in 2021 and want their money.
And I get that you're saying most people would sell. But what would happen in a scenario where ppl didn't sell and just held until the value rose?
wtf is going on with $Elonom
Lord I seen what you done for others....
