giszmo
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Activity: 1582
Merit: 1000


¡ɥɔʇɐʍ ʇsnɾ &#7


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April 19, 2013, 07:29:21 PM
Reply with quote  +Merit  #522

With your graceful permission, I will repost here my recent findings.

Summary: Bitcoin could act as the world's reserve currency in 2013 and after, as gold did in 1913 and prior. This would give BTC1 = $300,000 in present dollars. Please comment on the analysis, not the outcome.

Oh, ok so you say if Ƀ surpasses the $300,000 mark in 2013 $$, we should sell? Thanks for the heads up Grin

I kind of appreciate your argument but don't agree on the outcome as there will always be a speculative aspect to it. 7.11 billion people? Hey, I have some extra money and will speculate on the next 8 billion also wanting ɃɃ, so the value should be $600,000.

Oh no please, that's why I said read the analysis first. Adding 8 billion people will likely not change the outcome.

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?