if BTC reaches 500m and nobody is accepting it as payment (aside from the niche market) i see it hitting 50m a few days after that.
And I see dead people
Mr. Shyamalan has coins. Send them so he can be cured.
Topic: What will happen if the bitcoin economy goes to 500.000.000? (Read 1731 times)
And I see dead people
Mr. Shyamalan has coins. Send them so he can be cured.
if BTC reaches 500m and nobody is accepting it as payment (aside from the niche market) i see it hitting 50m a few days after that.
And I see dead people
if BTC reaches 500m and nobody is accepting it as payment (aside from the niche market) i see it hitting 50m a few days after that.
A fundamental issue is that in the crowd that has 100k+ bitcoins, they don't seem to be making serious moves to help encourage and stabilize the economy as far as I can tell.
At some point, they will need to, since they won't be able to get rid of their $25-$50M quickly, and won't want to. Until then, though, we are still waiting and seeing what sort of people our new BTC overlords are.
At some point, they will need to, since they won't be able to get rid of their $25-$50M quickly, and won't want to. Until then, though, we are still waiting and seeing what sort of people our new BTC overlords are.
I have an idea to solve that. I'll explain it in 2-3 weeks.
A fundamental issue is that in the crowd that has 100k+ bitcoins, they don't seem to be making serious moves to help encourage and stabilize the economy as far as I can tell.
At some point, they will need to, since they won't be able to get rid of their $25-$50M quickly, and won't want to. Until then, though, we are still waiting and seeing what sort of people our new BTC overlords are.
At some point, they will need to, since they won't be able to get rid of their $25-$50M quickly, and won't want to. Until then, though, we are still waiting and seeing what sort of people our new BTC overlords are.
When it hits $250M, I suggest we make moves to start the backup net. Or buy a few companies that lay down internet tubes.
Something. Get bitcoin some way to weather software and hardware issues. We will face opposition. No doubt about it.
Something. Get bitcoin some way to weather software and hardware issues. We will face opposition. No doubt about it.
500 million is not a round enough number. Let it be 1 Billion dollars of market cap, then it will be a good piece of news.
First it will reach 100$/btc, that would generate some news and then when it hits the 150$/btc news will tell that bitcoin's worth 1 billion dollars.
First it will reach 100$/btc, that would generate some news and then when it hits the 150$/btc news will tell that bitcoin's worth 1 billion dollars.
give it a month or two
My guess is that if this happened, bitcoin would be all over the mainstream media, because then everybody would have to take it seriously. With 6M bitcoins you would need a price of 83, and with 7M you would need a price of 71,5 to create a 500M economy.
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