I agree, and from the current outlook I even find it questionable if it succeeds at all. Most technologies fail during this period of the hype cycle.
As for it's value it depends on whenever assuming a success of the technology itself it will be based on the current blockchain or if people who will lead it's way to mainstream adaptation start over.
I consider both options a possibility as I strongly believe in this concept. There are also alot of technical issues to be answered, from the current trend I think the big push will be some sort of web of trust adaptation, so the question remains if it will be included as a "merged" service similar to namecoin or if the technical limitations or other concerns such as insufficient liquidity among the masses will lead to a start over.
Topic: What are 10,000 BTC worth? (Read 3428 times)
I know, but this is all priced in into the current exchange rate (existing and expected future use of bitcoin are included already).
This means that currently, there is no big belief that it will become mainstream. If it would we'd see massively rising prices in anticipation of this.
This means that currently, there is no big belief that it will become mainstream. If it would we'd see massively rising prices in anticipation of this.
Thanks, but as stated in my OP I am mainly interested in the value that is derived by it's usefulness as for market prices in fiat...
here the latest outlook. its quite possible to soon be able to get 10,000 BTC for less than 20$k
http://www.bitcoinbullbear.com
http://www.bitcoinbullbear.com
correct. At this minute, one can get 10,000 BTC for 31 k$.
"Buy 10000 BTC for 31014.53 USD" as per the calculator http://bitcoincharts.com/markets/mtgoxUSD_depth.html
Well,"Buy 10000 BTC for 31014.53 USD" as per the calculator http://bitcoincharts.com/markets/mtgoxUSD_depth.html
Sell 10000 BTC for 28497.27 USD
Buy 10000 BTC for 30996.43 USD
What do you think is more likely to happen atm?
correct. At this minute, one can get 10,000 BTC for 31 k$.
"Buy 10000 BTC for 31014.53 USD" as per the calculator http://bitcoincharts.com/markets/mtgoxUSD_depth.html
"Buy 10000 BTC for 31014.53 USD" as per the calculator http://bitcoincharts.com/markets/mtgoxUSD_depth.html
Is there anyone with 10 000 BTC in the first place? Given that there are only 7 million coins in the world.
They are worth only 30.000$, so it's very easy to have 10.000 btc even today (especially if you are an exchange or a shop) 
Is there anyone with 10 000 BTC in the first place? Given that there are only 7 million coins in the world.
The early adopters that got in on bitcoins when it first started are probably millionaires by now.
Not necessarily. If they were to try to dump their coins, it would potentially tank the market, as the number of coins for sale drastically outnumbered the number of people willing to buy. They would have to slowly sell their coins, which is more of a steady income than a get rich quick scheme.
Is there anyone with 10 000 BTC in the first place? Given that there are only 7 million coins in the world.
The early adopters that got in on bitcoins when it first started are probably millionaires by now.
The resource based economy is where it's at for this stuff. I remember the orentation video being verry good.
I did see the open source ecology lot on TED talks, also impressive stuff.
I did see the open source ecology lot on TED talks, also impressive stuff.
Bitcoin is a step toward RBE. You may not see it because it has transcendent properties. Wait for it.
Excuse my ignorance but what exactly is RBE besides Radeon Bios Editor ? Thanks.
It's a not yet viable economic system that allows efficient distribution of useful resources for a sustainable and progressive civilization. It precludes the use of money, which is a value system based on scarcity, rather than abundance.
The system I envision would just provide access to technology to fulfill these essentials and every Man would have to justify only to himself and the peer group. We don't need to abandon profit, just share profits which can be shared freely. There will always be people willing to do more than that and not even that but I think overall Mankind has evolved to the point where it is no longer applicable to withhold wealth which already is abundant.
Agreed. If we don't use something like bitcoin, then we will become extinct when our environment kills our species.
[edit] IOW, we must learn to manage our economic resources efficiently before we can manage our natural resources.
Bitcoin is a step toward RBE. You may not see it because it has transcendent properties. Wait for it.
Excuse my ignorance but what exactly is RBE besides Radeon Bios Editor ? Thanks.
It's a not yet viable economic system that allows efficient distribution of useful resources for a sustainable and progressive civilization. It precludes the use of money, which is a value system based on scarcity, rather than abundance.
The system I envision would just provide access to technology to fulfill these essentials and every Man would have to justify only to himself and the peer group.
We don't need to abandon profit, just share profits which can be shared freely. There will always be people willing to do more than that and not even that but I think overall Mankind has evolved to the point where it is no longer applicable to withhold wealth which already is abundant.
And I am only speaking of Abundance in the strictest sense possible and while there is a wealth of bitcoins they are not abundant and never will be.
Knowledge and information always were abundant and once they can flow freely essential resources will be as well, as life and the universe are abundant too.
Here's one with more than 100 000:
http://blockexplorer.com/address/1KjraaG1t8Uth3HsWsVjBkW6M7QC5uHeoH
Edit: And another one with 100 000:
http://blockexplorer.com/address/1U5EGSHJeyZd4AHjcSCVZmcgepgKzB72V
http://blockexplorer.com/address/1KjraaG1t8Uth3HsWsVjBkW6M7QC5uHeoH
Edit: And another one with 100 000:
http://blockexplorer.com/address/1U5EGSHJeyZd4AHjcSCVZmcgepgKzB72V
Is there anyone with 10 000 BTC in the first place? Given that there are only 7 million coins in the world.
Bitcoin is a step toward RBE. You may not see it because it has transcendent properties. Wait for it.
Excuse my ignorance but what exactly is RBE besides Radeon Bios Editor ? Thanks.
It's a not yet viable economic system that allows efficient distribution of useful resources for a sustainable and progressive civilization. It precludes the use of money, which is a value system based on scarcity, rather than abundance.
Resource Based Economy.
(I don't know much about it besides that)
(I don't know much about it besides that)
Bitcoin is a step toward RBE. You may not see it because it has transcendent properties. Wait for it.
Excuse my ignorance but what exactly is RBE besides Radeon Bios Editor ? Thanks.
Bitcoin is a step toward RBE. You may not see it because it has transcendent properties. Wait for it.
*puts in 10,000 buy order @ 0.01*
My order is better.
Lets create an Abundance of Food, clean Drinking Water and Shelter on Earth.
Lets create a system were we can organize this effort in a decentralized manner using only open source technology.
This may interest you
http://opensourceecology.org/index.php
very much
But what I am proposing is more the software & network implementation this machinery can be distributed, managed, planned and so on.
For the project I am proposing we need demographic, economical, geological, environmental, ecological and political data, and a system to enter and compile the data helping to actually do the stuff this is invented to do.
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