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Title: double digits Post by: bracek on July 16, 2012, 04:55:49 PM we just need one of those threads here :)
I would actually like if btc went into dd and stayed just above 10 for a month or so, before actual block reward halving and then, Xmas quadrupling :) Title: Re: double digits Post by: waspoza on July 16, 2012, 04:59:09 PM Yay for Santa!
Title: Re: double digits Post by: bracek on July 16, 2012, 05:50:46 PM with price 10 usd /btc and 10 mil coins mined, and 200k blocks we will pass through several psyco-barriers Title: Re: double digits Post by: RyNinDaCleM on July 16, 2012, 07:31:35 PM with price 10 usd /btc and 10 mil coins mined, and 200k blocks we will pass through several psyco-barriers How is block height or the number of available coins a psychological barrier? It's inevitable, psychology plays no role in that. Whereas price is not guaranteed to do anything. Title: Re: double digits Post by: DeathAndTaxes on July 16, 2012, 07:41:10 PM Indirectly >$10, >200K blocks and >10M coins do creates some psychological effects.
$10M * 10M = $100M coins in circulation. 200K blocks is ~4 years. Bitcoin being collectively worth $100M after 4 years does put some doubts into the critics. That is pretty large and pretty long run for your average internet HYIP or Ponzi scam. Collectively that is a lot of money "voting" to stay and doing so for a significant amount of time. Granted past performance is not indicative of future success but it certainly provides a more significant foundation than 0 blocks and ~0 btc money supply worth ~$0.00. I would say money supply (I hate term market cap) staying above $100M for multiple months after the first subsidy cut would be a huge confidence booster for people interested in Bitcoin for a variety of reasons. $100M is probably the largest psychological number other than the prior peak of $32 per BTC. Then again I hope someday we are wondering when Bitcoin has a $1 billion money supply. Title: Re: double digits Post by: opticbit on July 16, 2012, 07:57:27 PM I think some will give more value to the coins mined in this generation (50btc/block) than in the next.
Similar to the bounty for the 14k btc pizza coins that have had increased value on them. I'll be holding on to my casascius coins. the contents of my wallet change daily Title: Re: double digits Post by: notme on July 16, 2012, 08:04:16 PM I thing some will give more value to the coins mined in this generation (50btc/block) than in the next. Similar to the bounty for the 14k btc pizza coins that have had a bounty on them. I'll be holding on to my casascius coins. the contents of my wallet change daily The pizzas were 10k, and there were 2, so it was only 5k BTC/pizza. |