Rarity. The more scarce an object is the more it is worth.
This is correct, but I'd think it would be linear, not exponential. Do you have some evidence or source indicating that it would be "exponential", or is that just something you decided for yourself and decided to tell everyone? It is from my first statement. First a few people lose their btc in their wallets no big deal, then more and more, once the hoarders get older they will die with more BTC in their wallets than they had in the beginning. Basically it is exponential because the amount of BTC going into circulation is causing exponential losses in wallet death. Following this the chances of someone loosing a wallet with more BTC becomes higher. Exponentially the price of coinage will go up in time. That's my 1min argument. I encourage input to the idea, because it might very well be something we will have to deal with at some point. Don't patronize me dawg its disrespectful. Edit-- The use of quotes in that manner on a forum is like using air-quotes in 7th grade |
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If someone takes half, even a quarter, of the twenty one million coins that can ever exist then the price of btc will go up exponentially.
Exponentially? What do you base this statement on? Are you talking about the price of bitcoin (the exchange rate), or are you talking about the price of products and services that are purchased with bitcoin? The price of products and services will almost certainly drop. Lol your trolling right?
If someone takes half, even a quarter, of the twenty one million coins that can ever exist then the price of btc will go up exponentially. Stuff is only worth the amount of money units chasing it. Double the money units, stuff costs double, half the money units, stuff costs half. Rarity. The more scarce an object is the more it is worth. Yes, you can divide the btc down into tiny pieces, but that is also cut if half of the coins are caught up in "dead" wallets. Less bitcoins to go around means more expensive bitcoins. This is considering a time when the 21mil cap has been reached and no more can be made. I mean if I am wrong correct me, I am just putting out an idea that came to me within about 30 seconds of reading this threads title. |
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Some basement dweller gets rammed by the pizza guys truck and all of a sudden there is a million $ worth of coins just lost to the interwebs. Have that happen enough and there goes your bitcoin cap of 21mil coins. Can't make anymore, and if that doesn't get fixed prices will skyrocket once enough have been taken out of circulation.
Does anyone else see a problem here?
No problem. I have 1 bitcoin You have 1 bitcoin There is an item worth 1 bitcoin in the 2 bitcoin economy. You die and take your bitcoin with you to bitcoin heaven. Now it's a 1 bitcoin economy The item worth half the bitcoin cap now costs 0.5 bitcoins. Lol your trolling right? If someone takes half, even a quarter, of the twenty one million coins that can ever exist then the price of btc will go up exponentially. |
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New TwitterGame to start in about a half hour ^.^
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Hello all,
i am looking to buy BTC against GreenDot Moneypak worth $10,000. i will be buying on daily basis will need regular flow of BTC and instant delivery. the Moneypak amount would be between $50 to $990. serious sellers keep me posted.
idk about moneypak but if you are looking for private bitcoin sales there is only one place to go in my mind cryptocurrent.comI also posted this in your other response in a thread |
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hello all, i am new to this bitcoin. i am looking to buy Bitcoins against Moneypak. i can buy Bitcoins worth $10,000 a day. i am not kidding serious sellers reply me for a long term business relationship.  You should go here if you want that kind of service: www.cryptocurrent.com |
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I would put the full amount into my site getfreebitcoin.com for my TwitterGames and newbie raffles. The whole point of the site is to help spread the enjoyment of bitcoin to those who can't buy any/don't know much about bitcoin in general. I usually hold a Tgame or raffle everyday with a 0.01BTC prize, sometimes twice a day. As you can imagine that gets pretty expensive. So far I have been able to pay about 50/50, that is 50% out of pocket, and 50% on the btc generated from newbies clicking the links on my site (which lead to more free giveaways). I hope one day to make it so that the site is self sufficient, and can generate its own prize money. For now I am content with the occasional donation by fellow advocates of spreading the word of BTC, and my own coinage, but a 1BTC donation to the sites newbie giveaway will surely allow me to up the prize money/get rid of some of the coinurl links (hate those things).
Well that is what I would do with it, if anyone wants to donate to the site, or you decide that the idea is worth while, the newbie raffle/giveaway fund address is in my signiture!
Thanks for holding something like this!
-battmann
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I think I am more interested in some guy with like 13000 coins in a wallet suddenly dying without anyone knowing he has that much. Some basement dweller gets rammed by the pizza guys truck and all of a sudden there is a million $ worth of coins just lost to the interwebs. Have that happen enough and there goes your bitcoin cap of 21mil coins. Can't make anymore, and if that doesn't get fixed prices will skyrocket once enough have been taken out of circulation.
Does anyone else see a problem here?
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See now THIS is an awesome site. This is what I am looking for, not some blogspam bs. I will shoot you a PM here in just one second bud. Thanks for your interest in being added to my site. |
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earnbit.blogspot.com
Sorry, not really legitimate. Most of those sites are already on my site. Plus, I am against blogspot on principle. It looks better than most blogspam though! Great Job! |
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This has been working out great. Got quite a few new, and awesome, btc related services added! Don't hesitate to post if you run a site  |
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Last issue of the original release of Hammerhead-Head. A dark and fucked up telling of the life of a hardware store owner who is a hammerhead shark with a hammer on his head.Bidding in increments of BTC0.01USPS First Class shipping will be BTC0.036
International shipping is available.Enjoy, -battmann 
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http://fs.thebutterzone.com (may point tbz1.com to the same content once I get both domains on namecheap, and give those RPG books back to their consignor) All items priced in BTC, and the checkout automatically applies a 10% discount below fiat price right now. PM sent! |
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PM sent  |
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Down to one last book. I wonder who will be the lucky recipient?
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