Author

Topic: Is 42 *really* gonna be worth 500,000 someday? (Read 1443 times)

full member
Activity: 196
Merit: 100
January 22, 2014, 06:41:53 AM
#14
ballsy prediction, but 21,000,000 divided by 42 = 500000  Shocked

Depends on 500000 what ....
500,000 wasted minutes
sr. member
Activity: 896
Merit: 272
Undeadbitcoiner Will not DIE until 1BTC=50K
That is never going to happen,
Your question is like IS REALLY $ GONNA BE WORTH GLOBAL GDP SOMEDAY
Fucking question and answer will be always no.
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
i wanted to make the "OneCoin"
where only 1 coin is ever mined

it was made on here before, it is being brought back soon i hear.
hero member
Activity: 518
Merit: 500
ballsy prediction, but 21,000,000 divided by 42 = 500000  Shocked

Depends on 500000 what ....
sr. member
Activity: 462
Merit: 251
ballsy prediction, but 21,000,000 divided by 42 = 500000  Shocked

BTC: Now mined 12M, adding approx 1.3M per year (halving every few years)
42: Now mined approx. 1.4 coin, adding approx 31.55 per year (block reward never drops and actually in 16 months there will be more than 42 coins mined in total)

If 42 and BTC will reach equivalence in market cap right now, you'll get about 8.5M BTC/coin (but that really won't happen, just a theory)
In one year, 13.3M BTC vs 32.5 42 will get rate 400K BTC/coin if market caps would be equal. Year after that only 220K

so for rate 500000/btc you'll need to reach equivalence in market cap within about 9 months. Not a chance Smiley
hero member
Activity: 546
Merit: 500
hm
ballsy prediction, but 21,000,000 divided by 42 = 500000  Shocked

no. What makes Bitcoin valuable? It is not just that there is something with only 21mio. units. My 21mio. units of shit are worth nothing...
full member
Activity: 196
Merit: 100
Those genious mathematics who make those equations think that an absurd minimal amount of coins make it very valueable...
It will simply not gonna happen.
hero member
Activity: 658
Merit: 500
ballsy prediction, but 21,000,000 divided by 42 = 500000  Shocked

I got a better scheme! Listen up

1. Make the POINT1 Coin. There will be a total of only 0.1 P1C
2. 21,000,000/0.1 = 210 million
3. ?? ??
4. Profit

I know this is sarcasm, but anyway.

You can't say that a coin is worth 210 million (or any other value), if 1 full coin doesn't even exist. It's like if I said that the gold planet is worth a quadrillion dollars if such planet doesn't exist.
member
Activity: 84
Merit: 10
i wanted to make the "OneCoin"
where only 1 coin is ever mined
full member
Activity: 154
Merit: 100
why not?  even after all coins are mined
Because it is an unnecessary coin that is purely a gimmick - we have Bitcoin already - and some serious alts - this coin is poor  Sad
full member
Activity: 196
Merit: 100
ballsy prediction, but 21,000,000 divided by 42 = 500000  Shocked

I got a better scheme! Listen up

1. Make the POINT1 Coin. There will be a total of only 0.1 P1C
2. 21,000,000/0.1 = 210 million
3. ?? ??
4. Profit
member
Activity: 84
Merit: 10
why not?  even after all coins are mined
full member
Activity: 171
Merit: 100
Short answer, no.
member
Activity: 84
Merit: 10
ballsy prediction, but 21,000,000 divided by 42 = 500000  Shocked
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