Parity watch -> Who's next? - page 11.

marcus_of_augustus

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Eadem mutata resurgo

Quote from: caveden on April 10, 2013, 02:16:01 AM

Quote from: Kazu on April 09, 2013, 06:27:18 PM

I have a feeling Iceland is a key level. Everybody knows what it is. Saying "Bitcoin > Iceland" is a pretty good one liner.

You can already say that if you use the monetary base (M0) instead of M1. These 11M bitcoins we are using in this calculation are Bitcoin's monetary base and M1/2/3/4 as Bitcoin has no fiduciary money so far.

Yeah, I agree. The bitcoin float is more like M0.

Also it turns out these digital fiat bank deposits (M1) are not as sterile as economists/banker/govts would have us believe, it seems like there are hidden claims on them by sovereign and other unspecified creditors (particularly look at deposit "covered bonds" and convertible notes that are being traded against customers deposits in the shadow banking system.)

When you have bitcoin keys in your possession they are clearly more liquid than fiat bank deposits, so it is more like cash and coins i.e. physical currency. Imho the globe is slowly waking up to the fact that digital fiat is actually encumbered with liabilities and not as good as money as physical cash.

caveden

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Quote from: Kazu on April 09, 2013, 06:27:18 PM

I have a feeling Iceland is a key level. Everybody knows what it is. Saying "Bitcoin > Iceland" is a pretty good one liner.

You can already say that if you use the monetary base (M0) instead of M1. These 11M bitcoins we are using in this calculation are Bitcoin's monetary base and M1/2/3/4 as Bitcoin has no fiduciary money so far.

Minor Miner

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Be A Digital Miner

this a great thread. I am going to put away 21,000 BTC and come back in a few years and see what I have......
now I just need to hoard 21,000 BTC....

alexeft

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Quote from: BTC Books on April 10, 2013, 12:25:04 AM

Quote from: Kazu on April 09, 2013, 06:27:18 PM

I have a feeling Iceland is a key level. Everybody knows what it is. Saying "Bitcoin > Iceland" is a pretty good one liner.

I agree. Iceland was the canary in the coal mine - and showed the correct way out of the noose the banksters put around the throat of the EU (and all of us, really). At over 4B, it's not too far away, we hope.

When (if) bitcoin hits the 14-billion dollar level, then we're looking at Cyprus - and that should pretty much lead to the mid-term extinction of the bears. And the apologists for the existing financial infrastructure of the world.

You keep talking like that and the WWF is going to come after you! Cheesy

BTC Books

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Quote from: Kazu on April 09, 2013, 06:27:18 PM

I have a feeling Iceland is a key level. Everybody knows what it is. Saying "Bitcoin > Iceland" is a pretty good one liner.

I agree. Iceland was the canary in the coal mine - and showed the correct way out of the noose the banksters put around the throat of the EU (and all of us, really). At over 4B, it's not too far away, we hope.

When (if) bitcoin hits the 14-billion dollar level, then we're looking at Cyprus - and that should pretty much lead to the mid-term extinction of the bears. And the apologists for the existing financial infrastructure of the world.

Kazu

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I have a feeling Iceland is a key level. Everybody knows what it is. Saying "Bitcoin > Iceland" is a pretty good one liner.

notme

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Quote from: Stephen Gornick on March 19, 2013, 01:14:46 PM

Quote from: Vladimir on March 19, 2013, 12:28:15 PM

It appears Bitcoin's M1 is already higher than M1 of the following countries:

That's getting serious.

So if March 19th was getting serious, what are we now?

Ozymandias

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Quote from: smoothie on April 09, 2013, 04:47:49 PM

Damn bitcoiners can't pick a place to stay? Gotta go see ya! lol

A global community can't stay in one place; it needs the whole globe!

smoothie

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LEALANA Bitcoin Grim Reaper

Damn bitcoiners can't pick a place to stay? Gotta go see ya! lol

mccorvic

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Honduras and Eq. Guinea down

jl2012

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Heading to Albania!

BitSmile

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All time high missed honduras by 0.30 us cents

KTE

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Quote from: ?? on ??

Mali, this is the least depressing picture I could find. Hope we will not stay here long.

Your wish has been granted. Honduras next. I had a copy of this image from Honduras on my wall some years ago:

majorddf

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Wow bigger than Mauritius... I had my honeymoon there, beautiful place.

organofcorti

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Poor impulse control.

Quote from: crazy_rabbit on April 09, 2013, 09:07:25 AM

Quote from: ?? on ??

I think moving into 60B territory and as such matching Facebook and likes of Buffet and Gates is not out of question in mid term ~3-5 years, optimistically. That would be about 6300$ per coin.

MOAR!

I have to wonder if the price is increasing solely to keep this thread going.

Japan, you are next.

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: ?? on ??

I think moving into 60B territory and as such matching Facebook and likes of Buffet and Gates is not out of question in mid term ~3-5 years, optimistically. That would be about 6300$ per coin.

MOAR!

bullioner

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Quote from: beeblebrox on April 09, 2013, 08:32:46 AM

An extra way to display this data is by a world map where all the bitcoin > parity countries get coloured in (say gold colour) and the rest are grey. Would take some work to do though- just had an idea if someone here has the time to do it.

Yes, but it would be more meaningful if it was cumulative. You would colour it in in order from smallest to largest, but the value of Bitcoin should be greater than the cumulative total of all countries that are coloured in, for it to be meaningful.

organofcorti

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Poor impulse control.

This thread is yet another reason I'm glad you returned, Vladimir.

ruski

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Does it strike anybody as ironic that the last country to be overcome on this list is Japan?

Anybody?

beeblebrox

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Quote from: beeblebrox on April 09, 2013, 08:32:46 AM

This thread is cool!

An extra way to display this data is by a world map where all the bitcoin > parity countries get coloured in (say gold colour) and the rest are grey. Would take some work to do though- just had an idea if someone here has the time to do it.

Edit-added: Perhaps even make it an animation where it cycles through the progression of bitcoin overtaking the world.

Now that I think about it a bit, the map should really be the cumulative total of the countries that it equals (which at the moment would be about equal to the Solomon Islands-- I think).

Topic: Parity watch -> Who's next? - page 11. (Read 68157 times)