Ok I read it again assuming I must have skipped that part but I don't see it. Where in your analysis is the argument that the value of Bitcoin would not go up if it was the one world currency for twice as many people than before?
As you can see, I employed quite few sources, just shot from the hip. What can be deducted from my analysis (given enough insight) is that a mere speculation of
anything happening, and the following short squeeze on physical bitcoins, will not cause a rise in bitcoin's value, rather a
fall of it.
Preposterous? No. As you withdraw physical from the market, the discount rate rises. The rise in discount rate is punishing
you, since you give up a larger gain than would otherwise be the case, when holding bitcoins instead of holding real bills. The discount rate should be about 2% APR in the base case, so you do not have an incentive to try to corner the bitcoins. If you do, you enrich the others in your own expense. It is like buying high, selling low. And you don't have enough money anyway when
BTC1 is valued to equal a suburban house...
When the population actually reaches 15 billion, this may coincide with the rise of purchasing power of 1 bitcoin, but it will happen over so many years that you will die of boredom first.
