Bitcoin Forum

How many kilos of sugar do you think you will be able to buy with 1 BTC in 2045?
What is your best guess?

Today you buy some 600 Kg of sugar with 1 BTC...
http://www.sainsburys.co.uk/groceries/index.jsp?bmUID=1389296816517 (http://www.sainsburys.co.uk/groceries/index.jsp?bmUID=1389296816517)

I would rather count use beer bottles as a counter, much more useful  ;D

Your question reminds me of this, also related to sugar: http://www.youtube.com/watch?v=3NNTNM1Rixc (http://www.youtube.com/watch?v=3NNTNM1Rixc)

Depends on the price of sugar and price of bitcoin :)

Great spam answer.

I think substantially more, because sugar will be considered a narcotic in most Western countries.
 ;)

There was a report on BBC yesterday saying "Sugar is the new tobacco".

I'm going to say 178 667 kg of sugar in the year 2045 with one bitcoin. This is only true if btc continues to be the dominant cryptocurrency which is anyone's guess in 31 years.

1BTC=1Kilo

Heh.
Now to convince the rest of my family I am not a crazy.
 ::) ;D

I think by the time we reach 2045, there won't be any sugar left in the world.  Sugar will have been totally been replaced by designer sweeteners that are not as damaging to your health. Maybe sugar will still be grown as a source for fuel, bio ethanol, like they do big scale in Brasil, but chanches are even that will be obolete by 2045, because we should have cracked hydrogen fusion energy by that time.

I'd say 83,213 kg - based on nothing but pure guesswork  :)

how many kilos of coke is the real question


1 kilo = ~$10,000

Experience shows that, well, we never know until the day comes;)

It will be on the BBC website somewhere

booger sugar?

Not so great spam comment on a spam answer ;)

0 (zero). SHA-256 will be cracked much sooner than 2045.

Nuh-uh... according to the TV show Almost Human, set in the 2100s, bitcoin will still be around.

I thought you couldn't crack SHA-256 even if you had all the energy of the Sun?

My prediction is:

1 Kg Sugar = 0.001 BTC in year 2045.

Pure sugar will have been declared an illegal substance and you will not be able to buy it. In 2045, a bitcoin will be worth at least 1 million dollars. Put it together and I come up with the above numbers.

So you could buy 10kg sugar 12 months ago and today 600kg. So I can simple use TA and draw a line. So 2045 you can buy 3*10^54 kg of sugar.

So technical analysis rocks. I always thought it is crap but I sure it is right!

Maui  :D

By 2045 sugar substitutes will replace real suguar and so the cost of sugar will plummet.

I would say you will be able to buy 500k Kilos of sugar by 2045.

No, you can't count to 2^256 even if you had all the energy of the Sun. Cracking is usually done by finding and exploiting weaknesses; like for example, if you find a way to quickly determine two prime numbers k and p such that k * p = <a given large number>, you would be able to break all of the modern cryptography :)

Why do you think that in over 30 years everything works like it does today?

sugar will be used to power cybernetic androids in 2045, so price of sugar might be much higher than today.

Then, I assume, you expect that Bitcoin's users will not be able (for whatever reason) to switch to another proof-of-work hash function when SHA-256 begins to show significant signs of weakness?

This would be a really good question to ask applicants at a consulting interview  ;D.

Sugar seems to have basically followed inflation in dollar terms looking at the sugar #11 futures price and not doing anything but some rule of 70 mental math and averaging. It has been fairly volatile. There is politics involved in sugar and sugar producers are subsidized through trade measures and very powerful in US state politics. As such the price is probably inflated somewhat by this. Going forward the demand for sugar is also hard to project. World population will probably grow faster than sugar production capacity. Sugar demand is declining in developed nations due to health efforts but seems like it might become more of a part of the developing economies that prosper and that are being invaded by Coca Cola.

All that is before trying to make any future projection about the price of bitcoin (much less the state of network communications) in 2045   :D

Over 9000 kg of sugar.

21,000,000 kg of sugar per btc

[WTB] 21,000,000 kg sugar