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Topic: At the average rate of growth... (Read 598 times)

sr. member
Activity: 350
Merit: 250
"Don't go in the trollbox, trollbox, trollbox"
April 12, 2013, 01:07:37 PM
#3
it will take Bitcoin over ten thousand years to become a useful currency. It's grown an average of one dollar a month over the past 4 years. Remarkable. I need to get away from this awhile.

Things tend not to grow linearly. It 'tends' to be worth almost 5 times what it was the previous year the next year, and that isn't taking into account more coins from mining.

This.

And that the average price this week, month, year is a lot more than that $56 we just saw.
full member
Activity: 168
Merit: 100
April 12, 2013, 01:02:50 PM
#2
it will take Bitcoin over ten thousand years to become a useful currency. It's grown an average of one dollar a month over the past 4 years. Remarkable. I need to get away from this awhile.

Things tend not to grow linearly. It 'tends' to be worth almost 5 times what it was the previous year the next year, and that isn't taking into account more coins from mining.
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
April 12, 2013, 12:49:18 PM
#1
it will take Bitcoin over ten thousand years to become a useful currency. It's grown an average of one dollar a month over the past 4 years. Remarkable. I need to get away from this awhile.
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