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Title: Bitcoin's money supply is >$50M (first time since January). Post by: DeathAndTaxes on June 08, 2012, 04:20:49 PM How long before $100M?
http://blockchain.info/charts/market-cap Title: Re: Bitcoin's money supply is >$50M (first time since January). Post by: Stephen Gornick on June 08, 2012, 09:22:54 PM I like its angle of approach better this time. We can do sanity checks along the way ... like, how many more people are using bitcoin today as a currency versus a month ago when the exchange was nearly $1 less?
And the answer appears to be, a few more. So here's the chart that to me, matters more: - http://blockchain.info/charts/n-transactions-excluding-popular Title: Re: Bitcoin's money supply is >$50M (first time since January). Post by: proudhon on June 08, 2012, 09:59:35 PM How long before $100M? If the price doesn't change much...20 years or so. Title: Re: Bitcoin's money supply is >$50M (first time since January). Post by: cytokine on June 08, 2012, 10:06:51 PM The current fiat system is in its death throes. The people will one day realize that bitcoin is the safest asset - probably after there's a major bank run.
That's when our little currency will start to really become worth something... ;D |