Im guessing 15mil coins will be about 2016.
15million coin party anyone?
Topic: 13,500,000 coins passed - page 2. (Read 4586 times)
I know 1 satoshi = $1 is pushing it 
It took 9 years to give 70% of US homes broadband internet.
If only the US would get into Bitcoin at the same rate that would be $55 billion (70% of 1.46m households with $54k per household per year).
That would put bitcoin atleast in the range $4000 to $10000 with todays mined coins.
Then take two bitcoin halvings in oncomming 10 years and we go to $16k to $40k a coin.
Now take the above and imagine China, India or Europe getting in then $100k to $1m a coin isn't such a far stretch.
$100m a coin will be a far stretch but could happen once all coins are mined
It took 9 years to give 70% of US homes broadband internet.
If only the US would get into Bitcoin at the same rate that would be $55 billion (70% of 1.46m households with $54k per household per year).
That would put bitcoin atleast in the range $4000 to $10000 with todays mined coins.
Then take two bitcoin halvings in oncomming 10 years and we go to $16k to $40k a coin.
Now take the above and imagine China, India or Europe getting in then $100k to $1m a coin isn't such a far stretch.
$100m a coin will be a far stretch but could happen once all coins are mined
IF 1 satoshi=$1, then market capitalization of bitcoin=2.1 quadrillion $$ or 2100 trillion. World GDP is 71-81 trillion. Total world wealth is 241 trillion, so with 4% world GDP and similar % of wealth growth, I guess, it is possible in ~90 years or around 2104 if all wealth will be in bitcoin.
A bet one could make is that Bitcoin will significantly hasten the growth of the world economy.
Quote
A reduction in transportation costs in a trade network by a factor of two increases the potential value of that network by a factor of sixteen.
http://unenumerated.blogspot.ca/2014/10/transportation-divergence-and.html
I know 1 satoshi = $1 is pushing it
It took 9 years to give 70% of US homes broadband internet.
If only the US would get into Bitcoin at the same rate that would be $55 billion (70% of 1.46m households with $54k per household per year).
That would put bitcoin atleast in the range $4000 to $10000 with todays mined coins.
Then take two bitcoin halvings in oncomming 10 years and we go to $16k to $40k a coin.
Now take the above and imagine China, India or Europe getting in then $100k to $1m a coin isn't such a far stretch.
$100m a coin will be a far stretch but could happen once all coins are mined
It took 9 years to give 70% of US homes broadband internet.
If only the US would get into Bitcoin at the same rate that would be $55 billion (70% of 1.46m households with $54k per household per year).
That would put bitcoin atleast in the range $4000 to $10000 with todays mined coins.
Then take two bitcoin halvings in oncomming 10 years and we go to $16k to $40k a coin.
Now take the above and imagine China, India or Europe getting in then $100k to $1m a coin isn't such a far stretch.
$100m a coin will be a far stretch but could happen once all coins are mined
IF 1 satoshi=$1, then market capitalization of bitcoin=2.1 quadrillion $$ or 2100 trillion. World GDP is 71-81 trillion. Total world wealth is 241 trillion, so with 4% world GDP and similar % of wealth growth, I guess, it is possible in ~90 years or around 2104 if all wealth will be in bitcoin.
I know 1 satoshi = $1 is pushing it
It took 9 years to give 70% of US homes broadband internet.
If only the US would get into Bitcoin at the same rate that would be $55 billion (70% of 1.46m households with $54k per household per year).
That would put bitcoin atleast in the range $4000 to $10000 with todays mined coins.
Then take two bitcoin halvings in oncomming 10 years and we go to $16k to $40k a coin.
Now take the above and imagine China, India or Europe getting in then $100k to $1m a coin isn't such a far stretch.
$100m a coin will be a far stretch but could happen once all coins are mined
It took 9 years to give 70% of US homes broadband internet.
If only the US would get into Bitcoin at the same rate that would be $55 billion (70% of 1.46m households with $54k per household per year).
That would put bitcoin atleast in the range $4000 to $10000 with todays mined coins.
Then take two bitcoin halvings in oncomming 10 years and we go to $16k to $40k a coin.
Now take the above and imagine China, India or Europe getting in then $100k to $1m a coin isn't such a far stretch.
$100m a coin will be a far stretch but could happen once all coins are mined
Now consider that the adoption rate of Bitcoin is magnified by some orders of magnitude by being able to harness this global internet infrastructure.
I know 1 satoshi = $1 is pushing it
It took 9 years to give 70% of US homes broadband internet.
If only the US would get into Bitcoin at the same rate that would be $55 billion (70% of 1.46m households with $54k per household per year).
That would put bitcoin atleast in the range $4000 to $10000 with todays mined coins.
Then take two bitcoin halvings in oncomming 10 years and we go to $16k to $40k a coin.
Now take the above and imagine China, India or Europe getting in then $100k to $1m a coin isn't such a far stretch.
$100m a coin will be a far stretch but could happen once all coins are mined
It took 9 years to give 70% of US homes broadband internet.
If only the US would get into Bitcoin at the same rate that would be $55 billion (70% of 1.46m households with $54k per household per year).
That would put bitcoin atleast in the range $4000 to $10000 with todays mined coins.
Then take two bitcoin halvings in oncomming 10 years and we go to $16k to $40k a coin.
Now take the above and imagine China, India or Europe getting in then $100k to $1m a coin isn't such a far stretch.
$100m a coin will be a far stretch but could happen once all coins are mined
biggest and best scam of all time!
Yes but the population of earth is 7.125 billion people and they aren't all adults. I don't think that kind of adoption could happen in 10 years. Didn't credit card / card adoption take a large time?
Its a nice thought but i think we should all be a bit more realistic in possibilities instead of excited. It could happen yes but so could $1000 a satoshi but its not likely.
If we can get to $10,000 i'd be happy and i think it can do it .... just not in the near future.
Its a nice thought but i think we should all be a bit more realistic in possibilities instead of excited. It could happen yes but so could $1000 a satoshi but its not likely.
If we can get to $10,000 i'd be happy and i think it can do it .... just not in the near future.
The combination of an internet protocol and money is one of the most powerful application of network effect the world has seen.
Credit card were not bootstrapped by the internet and globalization of communications.
Bitcoin will grow at speeds that will catch most of us off guard. Once we reach the tipping point the growth of users will become hyper-exponential (think Facebook but with monetary value incentive)
Yes but the population of earth is 7.125 billion people and they aren't all adults. I don't think that kind of adoption could happen in 10 years. Didn't credit card / card adoption take a large time?
Its a nice thought but i think we should all be a bit more realistic in possibilities instead of excited. It could happen yes but so could $1000 a satoshi but its not likely.
If we can get to $10,000 i'd be happy and i think it can do it .... just not in the near future.
Its a nice thought but i think we should all be a bit more realistic in possibilities instead of excited. It could happen yes but so could $1000 a satoshi but its not likely.
If we can get to $10,000 i'd be happy and i think it can do it .... just not in the near future.
Geez, this is not a good thing... Price is not going to be "fun" for the next few years 
That's like saying "geez price of 1lb of gold is not going to be "fun" for the next few years
"There will be days in the future where having 0.21 BTC will be considered wealthy. A satoshi will then be $1.
People will say I have 21 million satoshi and I bought a big boat and crib.
My advice is enter the market and wait until you're considered rich. It will be <10 years.
Don't look at bitcoin as having 1, 2, 10 or 1000 bitcoin. It has a theoretically unlimited divisablity.
I'd be ok with 1 satoshi = $1
Isn't the market capital of bitcoin insanely high if 1 satoshi is $1? Thats $100 million per bitcoin. For $10,000 a bitcoin it would be 10,000 satoshi's = $1
If Billions of people come to use the blockchain and billions of machines too then it could happen.
Geez, this is not a good thing... Price is not going to be "fun" for the next few years
That's like saying "geez price of 1lb of gold is not going to be "fun" for the next few years
"There will be days in the future where having 0.21 BTC will be considered wealthy. A satoshi will then be $1.
People will say I have 21 million satoshi and I bought a big boat and crib.
My advice is enter the market and wait until you're considered rich. It will be <10 years.
Don't look at bitcoin as having 1, 2, 10 or 1000 bitcoin. It has a theoretically unlimited divisablity.
I'd be ok with 1 satoshi = $1
Isn't the market capital of bitcoin insanely high if 1 satoshi is $1? Thats $100 million per bitcoin. For $10,000 a bitcoin it would be 10,000 satoshi's = $1
Geez, this is not a good thing... Price is not going to be "fun" for the next few years
That's like saying "geez price of 1lb of gold is not going to be "fun" for the next few years
"There will be days in the future where having 0.21 BTC will be considered wealthy. A satoshi will then be $1.
People will say I have 21 million satoshi and I bought a big boat and crib.
My advice is enter the market and wait until you're considered rich. It will be <10 years.
Don't look at bitcoin as having 1, 2, 10 or 1000 bitcoin. It has a theoretically unlimited divisablity.
I'd be ok with 1 satoshi = $1
it's a question that whether it could kill inflation monster.. 
Geez, this is not a good thing... Price is not going to be "fun" for the next few years
A satoshi will then be $1.
^^^This would never happen, or at least not happen in todays dollar value.
It would be fantastic if one satoshi=1c
Geez, this is not a good thing... Price is not going to be "fun" for the next few years
That's like saying "geez price of 1lb of gold is not going to be "fun" for the next few years
"There will be days in the future where having 0.21 BTC will be considered wealthy. A satoshi will then be $1.
People will say I have 21 million satoshi and I bought a big boat and crib.
My advice is enter the market and wait until you're considered rich. It will be <10 years.
Don't look at bitcoin as having 1, 2, 10 or 1000 bitcoin. It has a theoretically unlimited divisablity.
[flash=200,200]
I suggest you look at the block reward in more detail.
Geez, this is not a good thing... Price is not going to be "fun" for the next few years
I suggest you look at the block reward in more detail.
1.35 crore.
Each new block is a milestone towards killing the inflation monster.
Each new block is a milestone towards killing the inflation monster.
Almost 2/3 of the total coins to ever be mined are out there. Should be an interesting next few years with all the costings and diminishing gains. Interesting times ahead.
Yep greater than 64% of all coins have now been mined
Wowie
So, 14mil or 2/3 (66.6%) will be roughly at the end of March-early April 2015.
I think people will understand simple terms like two thirds much better.
I never really considered how close we are to the finish line before
Geez, this is not a good thing... Price is not going to be "fun" for the next few years
1.35 crore.
Each new block is a milestone towards killing the inflation monster.
Each new block is a milestone towards killing the inflation monster.
Almost 2/3 of the total coins to ever be mined are out there. Should be an interesting next few years with all the costings and diminishing gains. Interesting times ahead.
Yep greater than 64% of all coins have now been mined
Wowie
So, 14mil or 2/3 (66.6%) will be roughly at the end of March-early April 2015.
I think people will understand simple terms like two thirds much better.
I never really considered how close we are to the finish line before
1.35 crore.
Each new block is a milestone towards killing the inflation monster.
Each new block is a milestone towards killing the inflation monster.
Almost 2/3 of the total coins to ever be mined are out there. Should be an interesting next few years with all the costings and diminishing gains. Interesting times ahead.
Yep greater than 64% of all coins have now been mined
Wowie
So, 14mil or 2/3 (66.6%) will be roughly at the end of March-early April 2015.
I think people will understand simple terms like two thirds much better.
1.35 crore.
Each new block is a milestone towards killing the inflation monster.
Each new block is a milestone towards killing the inflation monster.
Almost 2/3 of the total coins to ever be mined are out there. Should be an interesting next few years with all the costings and diminishing gains. Interesting times ahead.
Yep greater than 64% of all coins have now been mined
Wowie
SCOOP DEM CHEAP COINZ!!!
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