Topic: Bitoin price prediction in regards to disruption of just internet corporations (Read 1119 times)

maybe dying or maybe no, we dont know for now.. but i can say 2014 its hard for bitcoin... will see on 2015 bitcoin dying or no

If at all a country starts to make Bitcoin its official currency, it would have to be a very small country.
Dumping gold for bitcoins will be done by all countries in the future.

...This is why bitcoin is slowly dying and it will continue

Altcoins suck mostly.

If country X were to dump it's gold and create a mass of:

0.5% silver
10% sheep's wool cut only on 29th of february
5% iron extracted from the sea only on full-moon nights
0.5% rabbit tails from virgin rabbits

and the rest of the recipe being other weird, hard-to-do stuff, that require lots energy, wouldn't mean that they are creating an 'alt-storeofvalue'? If you'd want to recreate that stuff, it would cost you a lot to do so. But you can change the formula anytime.

That's what altcoins do. They bring nothing. If Bitcoin's gonna die, all of the altcoins will die because none brings anything of real innovation. Same Mary, different hat.

never gonna happens

But see countries dumping gold for BTC is feasible

This figure is more worst case senario than anything. Its the lowest number you can really shoot out there. The potential is hundreds of trillions in market cap, considering the finance industry as a whole parasites 20 percent of the world's wealth.

That is a very big if.
What would happen if just one country in the top 10 economies adopted bitcoin as its official currency?

Why does VISA conduct a majority of credit card transactions? Its the network effect, bitcoin was the first  to market. Regardless just replace the word "bitcoin" with cryptocurrency. I could have just as easily made those calculations with the statistics for cryptocurrencies as a whole.

LMFAO I love post like this... Now the predictions are going over $80,000 per coin hahahhaha
If reddit will not even support bitcoin & says fuck you guys we will make our own coin... WTF makes you think ANY company especially payment companies will suddenly decide that someone else's way is better than theres??? Why don't you think they will use the blockchain in their own products/services. Why use something backed by a bunch of Chinese machines and computers?
Think with your head guys...

I was thinking it could be interesting if someone made a calculation for bitcoin price based on full realization of Joel Monegro's vision of The Blockchain Application Stack.

Here's the article: http://www.coindesk.com/blockchain-application-stack/

If today's top internet companies of today used bitcoin as a their sole means of payment and monetization, ignoring the potential for bitcoin to disrupt financial industry, what would the market capitalization of bitcoin be?

Adding up the market caps shown here: http://www.statista.com/statistics/209331/largest-us-internet-companies-by-market-cap/ we get a total marketcap of 1016.62 billions.

1,101.6 billion usd/ 13,564,150 million bitcoins in circulation as of today = 81214.0827107 per 1 btc denominated in usd.

That means each bitcoin would be worth 81,214.0827107 per 1 btc if just the top ten internet companies used bitcoins as their store of wealth.

As full disruption of the world is realized and decentralized companies become the basis of the post-snowden web we have no clue what the future web would even look like let alone the value of 1 bitcoin. Calculating bitcoin price in 10 years is impossible considering full disruption would entail a world where bitcoin is the reserve currency. In that world we would need a different metric for measuring the value of 1 bitcoin. Something like the utility of that 1 bitcoin.

Maybe a better question would be: considering full world disruption is attained and moores law still applies, how much processing power will 1 bitcoin bring in ten years?