Topic: Pool: If PayPal adopts Bitcoin, what would the price be? - page 2. (Read 4059 times)
I guess one can buy Bitcoin with CC / Bank account with ease if PP adopts Bitcoin.
Infested, your theoretical answer (incorrectly) assumes that Paypal will no longer conduct their normal transactions and that Bitcoin transactions will entirely absorb all their other transactions, among other things.
I know, it's a very big generalization.
But if PayPal does have full BTC integration, there will be very little reason to use USD for transactions.
there will, to conduct business with all the merchants that have yet to accept bitcoin.
Infested, your theoretical answer (incorrectly) assumes that Paypal will no longer conduct their normal transactions and that Bitcoin transactions will entirely absorb all their other transactions, among other things.
I know, it's a very big generalization.
But if PayPal does have full BTC integration, there will be very little reason to use USD for transactions.
Infested, your theoretical answer (incorrectly) assumes that Paypal will no longer conduct their normal transactions and that Bitcoin transactions will entirely absorb all their other transactions, among other things.
http://en.wikipedia.org/wiki/PayPal#Services
Total Bitcoins right now: http://blockexplorer.com/q/totalbc
Current BTC-e BTC price: http://bitcoinity.org/markets/btce/USD
Current BTC Market Cap: 11501550 * 94.35
Now we find the new market cap after PayPal.
Add BTC Market Cap + PayPal transactions: $1085171242.5 + $16Billion
Divide by amount of Bitcoins to find BTC value: 17085171242.5 / 11501550
There is your (theoretical) answer: $1485.47
Which obviously says nothing.
I can't believe I did that much work to answer this idiot.
Quote
the total value of transactions in Q1 2009 was nearly $16 billion
Total Bitcoins right now: http://blockexplorer.com/q/totalbc
Code:
11501550.00000000
Current BTC-e BTC price: http://bitcoinity.org/markets/btce/USD
Code:
$94.35
Current BTC Market Cap: 11501550 * 94.35
Code:
$1085171242.5
Now we find the new market cap after PayPal.
Add BTC Market Cap + PayPal transactions: $1085171242.5 + $16Billion
Code:
17085171242.5
Divide by amount of Bitcoins to find BTC value: 17085171242.5 / 11501550
Code:
$1485.46684946811516708618
There is your (theoretical) answer: $1485.47
Which obviously says nothing.
I can't believe I did that much work to answer this idiot.
Lets imagine all muslims instantly turned into christians, yeah.
Let's assume [for a moment] that PayPal adopts Bitcoin this month.
You can deposit, withdraw, convert and pay with Bitcoins.
How much one Bitcoin should be worth at the end of this year?
You can deposit, withdraw, convert and pay with Bitcoins.
How much one Bitcoin should be worth at the end of this year?
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