2,000,000,000,000,000/21,000,000 = 95,238,095 per BTC.
2,000 trillion? That's high I think. USD M3 estimates are like 15 trillion IIRC. I'm just playing with numbers but if you took all outstanding derivatives (1.4 quadrillion) and all money and debt instruments and collapsed them into BTC 2,000 trillion would be conservative. |
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I waisted 10 minutes reading that ****! Can we get a mod to delete this thread please.
I recommend you read "The Art of War". Or do you like being in the dark? |
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I really wish I'd checked this site out better before I posted it. Apologies!
No we need to be aware of this stuff. You made no error other than perhaps starting out with a skeptical tone. Thx for the heads up. |
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And about the blogger of OP, I think he just wants to provoke bitcoin enthusiasts to see their reactions.
Agreed. It did get me thinking though. If the US Gov were to go after BTC and put US miners 'out of biz" and push all that mining activitiy over seas, there would be blowback. The rest of the world would love to get off the USD and giving them access to a viable currency may just hurt them more in the long run than help them. It wouldn't give the USD any credibility as the damage is done. People are already stocking up on gold and silver in case of currency collapse.... Anyway, how can they prove BTC is being mined as a currency if it comes to it? I heard it was a novelty item....  |
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Nothing. Wait, the Rapture? Yes, the Rapture. I would be forced to put my faith elsewhere.
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The movie is very misleading, has big errors, just like the previous one from the same guy.
Yes its not perfect but I use that documentary because its pretty much the only one which says that the power to print money should be returned to the us treasury. Most of the other documentaries basically say we should use gold and silver which for our modern digital/global economy is not suitable. And how would you answer me if I said that gold can be divided up just like BTC can? If you had a GoldMoney account I could right now pay you $3.50. Digitally, instantly. There may well be a future like that awaiting us. The next great currency event (upon us) will have people flocking to gold and silver moreso than to BTC. Doesn't mean BTC will go away and it may thrive as digital money will become familiar.... But people will want what they know and understand. This will all happen in stages. |
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But those are all translated and initiated with a dollar transaction. BTC is independent of the US Dollar in it's origin. Exactly right. And since there is no real BTC economy, every merchant-like transaction is essentially being done at dollar amounts with BTC being used as an intermediary either for the sake of novelty or to anonymize illegal transactions - in either case, having the BTC converted into dollars almost immediately. Not necessarily. Most merchants will be receiving currency and BTC and would apply Gresham's law. They would use the currency for operating expenses and save the BTC according to their own risk appetite and expectations. Liquidating BTC as needed. |
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Well, at the current market rate of 17.0397 the full amount of bitcoin equals to :$357,833,700
If certain ideals are correct that they will be worth 1,000 then:21,000,000,000.
That seems like a good number.
If BTC became the new world reserve currency, try: 2,000,000,000,000,000 2,000,000,000,000,000/21,000,000 = 95,238,095 per BTC. |
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Demand for the Bitcoin bank is staggering as company officials are being inundated with requests for the service. The bank doesn’t expect any issues, however it’s better to be safe than sorry. I find this staggering to believe; so a vast amount of people are interested to hand over Bitcoins to an entity of which next to nothing is known, apart from that is says it will pay interest. There is a reason as to why people deposit money in a high street bank instead of with a street vendor who also promises to pay interest on any funds received. Right, the forum is discussing who they are and where they came from but there is a "vast amount of people" interested..... Are we in a bubble in here? Seriously. |
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Oh man, it would suck so hard if every major corporation like Amazon or whatever started using their own virtual currency...
Like these:  So there are already a lot of corporate currency-like things out there. But those are all translated and initiated with a dollar transaction. BTC is independent of the US Dollar in it's origin. |
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First Bitcoin Bank now taking Invites | Flexcoin June 27, 2011 The world’s first Bitcoin Bank, Flexcoin.com is now taking invites for people to use it’s banking services for bitcoins. It’s scheduled for a July 1st, 2011 launch, but already some people are able to use the service via invite only. It’s being allocated on a per request basis as room is made available and the infrastructure is being built out. The new design of the site was launched a few hours ago and it’s receiving positive response in terms of usefulness and eye appeal. The invite only process was selected to stagger the growth to accommodate security related issues to ensure that everyone’s coins are safe as well as work out any potential bugs in the system (hence it’s limited rollout). Demand for the Bitcoin bank is staggering as company officials are being inundated with requests for the service. The bank doesn’t expect any issues, however it’s better to be safe than sorry. Feel free to put yourself on the invite list http://www.tribbleagency.com/?p=8102 |
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not exactly the buttoned-down, confidence-inspiring, banker image to which i am accustomed.
You don't think he looks powerful in his Might Mouse t-shirt?  |
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I always wonder how any company that pays interest gets the money to PAY that interest....? we pay interest on a positive bitcoin balance at the end of each month. So are they charging a holding fee or a transaction fee? Might be important to know. Can only join with an invite? Do you have to be screened to be sufficiently dupable or what? |
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Well congrats on finding me. Most likely you did a Google search for my name… Which is perfectly fine. Here are a few things you most likely want to know about me. I am President and CEO of Yooter InterActive Marketing http://www.yooter.com (hence the joke of a theme I have running on this site). I live in Pottsville, PA.  http://rogerwehbe.com/edit: addtnl info: My company is located there. I am 34, my degree is in International Business with a minor in computer information systems. you can reach me anytime at president at yooter period com Have a great day! |
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It's easy, all you have to do is google it....
Search Results
Immigration increases Australian population - 21,000,000
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Who are they? What do we know about them?
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@ DamienBlack
I want to see you put your foot down firmly. You guys are the main beneficiary of these scam threads, so if you don't make it clear and public policy that anyone who commits these types of scams is going to have their commission privileges 100% revoked, then I consider you responsible for these thread. As long as that is the case I will never consider signing up with you. Which is a shame, because I want to see more exchanges succeed.
That's not fair at all. They can't stop people from doing this! Yes they can pull their commissions but they have to be informed of it and they have just stated that they will investigate all reports. Some guy in the world wants to deceive people and you are going to blame B7 for any thread that arises from here on out? So while they're out to breakfast and having a coffee and some guy at his computer terminal concocts some plan to deceive others the B7 team is responsible?!? How old are you? Perhaps you are feeling a little jaded still since your childhood when you learned that the Easter Bunny and Santa weren't real and now you are hypersensitive to a con....? Tradehill has been very proactive in making it very clear that their policy is to disable commission on any account that scams or spams. This has significantly reduced both because the scammers/spammers have no incentive. They know that if they spam, their commission will be taken away from them. Bitcoin7 has been less clear that scammers and spammers will be treated like they should, and that is why they continue to crop up. In the meantime, bitcoins7s lack of strict enforcement is benefiting them as they continue to get users signing up because of these scams. Bitcoin7 has the responsibility to do everything in its power to discourage scammers. If they don't, then I don't see the difference between them and the scammer, because they are effectively encouraging it. From Chris: @ DamienBlack "We have deactivated already some of these spammers. For some of them we have at least removed the referral IDs of the users who complained they didn't get anything. We even had cases where it was not a scam and some BTCs have been exchanged. If you have been scammed please let us know the exact details at info@bitcoin7.com and we will act accordingly and immediately." Your logic is flawed and I'll not address you again. |
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48 percent of Americans say another great depression is likely? Hmmm... 48 percent of Americans also don't believe in evolution... Jus sayin'
48% of people are not very smart apparently. Nope, and it reminds me of when president Eisenhower flew into a rage when he was told by his advisors that 50% percent of Americans were of below average intelligence... Seems I recall in the US 2000 census that 13% of the population did not know who the President of the US was.....  |
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