Topic: A simplified estimate for a $100,000 BTC - page 2. (Read 2083 times)
Credit cards are worthless now, since fiat is now worth 0 BTC, because the CEO of SSL has stolen all the fiat in the world and the banking ponzie has crashed.
It'll never happen. For the vast majority of consumers, using credit cards for internet commerce is safer, more convenient, and cheaper.
Hmm how Credit cards are Safer , Convenient and cheaper than Bitcoin ATY ?You can get refundend if you have been a victim of a scam. You don´t need to wire money to a bizarre exchange and pay fees. You don´t have to fear volatility. If you get hacked you will also get refunded.
It´s so much easier, safer and also faster to use credit cards.
It'll never happen. For the vast majority of consumers, using credit cards for internet commerce is safer, more convenient, and cheaper.
Hmm how Credit cards are Safer , Convenient and cheaper than Bitcoin ATY ? 
It'll never happen. For the vast majority of consumers, using credit cards for internet commerce is safer, more convenient, and cheaper.
You made so many post and still not knowing what Bitcoin can do for consumers and retaillers/merchants? You know Overstock has accepting Bitcoin and making tons of money from it, they and we all love Bitcoin for some reason
BitPay got there new EU HQ in Amsterdam and they expecting by they end of this year to have a whopping 35k merchants as there clients. (now 7k).You need to think bigger, the world is a big place.
If Glass with its double-nod bitcoin payment catches on we can forget the internet economy, we are looking at a percentage of the total consumer economy. 100k is a conservative lowball estimate.
It'll never happen. For the vast majority of consumers, using credit cards for internet commerce is safer, more convenient, and cheaper.
The only question that should be asked is how much time it will take..? to become 50% of the E-economy
http://www.mckinsey.com/insights/high_tech_telecoms_internet/internet_matters
The reference above estimates today's internet contribution to global GDP as 3.4%.
Using an order of magnitude estimate of global GDP of 100 trillion USD, the internet's contribution today is 3 trillion USD.
Using an optimistic guess that a fully evolved BTC economy will embody 50% of the internet economy the optimistic fully evolved BTC "GDP" will reach 1.5 trillion USD.
Using 15 million BTC to make the math easy, one BTC will be worth 100,000 USD in a fully evolved BTC economy.
(Applying this argument to today's price results in an estimate of 0.2% of today's internet economy transacted in BTC. This is a huge overestimate, which I think can be explained by today's BTC price reflecting investment based on the potential of BTC.)
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