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Antifragile


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May 17, 2013, 12:36:18 AM

Correct me, if I'm wrong, because I'm not really sure about the money supply definitions, but here are some numbers about that 300k prediction.

The current M1 money supply of USD, which, as far as I understood, is all the money which is not money out of thin air, is around 2.500 billion USD. We have around 11 million BTC. Our goal 300.000 USD/BTC would result in a market capitalization of 3.300 billion USD.

... ... Cheesy




Who is just talking about America?  Wink

Interesting thing I just heard. The actual inflation rate is more like 9.5% (taken from this economist - http://www.theaureport.com/pub/htdocs/expert.html?id=2000
So, just like the unemployment rate (which if we used 1980 stats would be closer to 23.5%) the inflation rate is really distorted.