delphic
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January 25, 2014, 12:11:04 AM

^Jesus!!! you think BTC is going to $80,000,000?

Either the technology will be adopted or it won't. It's basically a binary outcome. it's still a long shot, but it's a heluva lot more likely than it was three years ago.

do the math. What is Gold's market cap and what market share do you think Bitcoin will take?
What is VISA and Mastercard's market cap and what market share do you think Bitcoin will take?
and Western Union, Moneygram?
and Paypal?
and microtransactions?
and national currencies?
and SWIFT wire transfers? ACH?
stuff we haven't even thought of yet?


Nothing even remotely close to justifying 12.3m (or more) bitcoins having a value $80m each. Utter rubbish.

For comparison, all the gold in the world is valued at aboout $10Tn, depending on estimates. That is far short of $984Tn.

Looks like you didn't do the math.