Today 10 years ago, Bitcoin can go to 10 million Dollars one day!

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legendary

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Quote from: mk4 on January 11, 2019, 11:31:40 AM

With that said, I also dislike these kinds of speculations because we have enough "when moon?" people in the space. I'll make this slide though, just because it's Hal Finney.

It's definitely a good idea to seperate the shit crowd from those who did everything they could to deliver something that makes the world become a better place, which is what Hal Finney heavily contributed to. I can respect such early on predictions from these legends, because they focus on the fundamentals, while all the idiots who entered the market in the last years want to see moon to sell.

The whole crypto market is basically an IQ test. The smartest minds support Bitcoin and to a certain degree Ethereum, while the rest is busy counting how much profit they would make if coin X or Y goes up like 500-1000%.

mk4

legendary

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Paldo.io 🤖

While it's definitely possible(non-zero possibility of success), that's a huge ass 'if' like Hal is saying. I'm personally still leaning towards bitcoin as a store-of-value and as an alternative method of payment(as I like to be as realistic as possible with my expectations), rather than leaning towards bitcoin sort of like taking the total market. But thinking about it being possible is still mind bloggling for me. Even the few satoshis a poor dude has right now could be worth a lot in the future.

With that said, I also dislike these kinds of speculations because we have enough "when moon?" people in the space. I'll make this slide though, just because it's Hal Finney.

cryptjh

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The Bitcoin Blockchain was only a week old when Hal Finney, who was one of the Bitcoin pioneers together with Satoshi Nakamoto, In a private e-mail to Satoshi Nakamoto wrote that Bitcoin one day cut have a value of $10.000.000 for one Bitcoin.

There is no timeframe for that prediction and Bitcoins are still very far away from being that dominant payment system in the world Hal Finney was dreaming about. But Hal Finney cut really see the potential for Bitcoins as a store of wealth and as a payment system for a decentralizes future, before anybody else.

https://www.mail-archive.com/[email protected]/msg10152.html

"Hal Finney" Sun, 11 Jan 2009 10:22:14 -0800

"As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world. Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.

So the possibility of generating coins today with a few cents of compute
time may be quite a good bet, with a payoff of something like 100 million
to 1! Even if the odds of Bitcoin succeeding to this degree are slim,
are they really 100 million to one against? Something to think about...

Hal"

Topic: Today 10 years ago, Bitcoin can go to 10 million Dollars one day! (Read 117 times)