environment != bitcoin itself. bitcoin companies can be profitable without bitcoin becoming extremely expensive. That's why VCs invest in companies, not the coin itself.

are we old school adatopers in 2015? 

I see. Good points. That said, I think everything here is solvable, as access to information gets faster. For larger transactions, people also have the choice of waiting for more confirmations as well, and with multi-sig technology, I can see this pretty much solved even without waiting for future technology.

However, it will still be a setback since it makes it more inconvenient and possibly more expensive to transact in bitcoin with protection.

is fungibility of ALL bitcoins really important though?

Consider that you own 50,000 bitcoins. If 1,000,000 bitcoins were found to be in the hands of ISIS, and blacklisted, what would that do to your bitcoins? Well, how would that be different, from 1,000,000 bitcoins that are simply lost forever? That some bitcoins are no longer fungible/available doesn't harm your coins in any way. In fact, it would benefit you, since the less coins in existence, the more valuable your coins are.

The only thing would be if blacklisting of coins is backtracked (dunno the term so I invented one). What I mean is, say you did business with a company, and your coins are connected to their addresses. That company then proceeds to scam people and engage in terrorist activity say a year later.

In such cases, I think that there would be laws that would prevent your coins from being blacklisted. It shouldn't be difficult to see that your coins were obtained before the time they engaged in illegal activities, or at least before the public was aware that they were engaged in illegal activities. In such cases, I would think that there would be laws preventing those coins from being blacklisted.

So unless you are planning to do something illegal yourself, other people's coins being not fungible doesn't harm your coins. It makes yours more valuable.

Why not?

It's possible...

Let's say a group of companies, for whatever purpose, require a blockchain to survive. Said group of companies then pool together resources to mine their own blockchain.

The reward, for the miners (aka themselves) would be the continued existence of their company, since we assumed that the company requires blockchain technology to survive, for whatever purpose.

If bitcoin is less than 5k in 10 years, pretty much that means it failed. At least in the sense of failing to get mainstream adoption, and that it will probably never get mainstream adoption. It may still survive for a niche group, but would never go to the moon.

Exactly! This is exactly what i'm talking about.

10k isn't that exciting at all. If you have ~$10k in bitcoins (~50 coins) it would take a 100x increase to get to a million. That would be ~25k/coin. At least.

it would suck if it was only 5k/coin. Well, actually it doesn't really matter. I hope to see at least 30k/coin at some point in time in the next 5 years. It can drop right down like it did when it reached 1.2k.

but to go back to the OP:

I'm just gonna say 225k for the heck of it. possibly achieved through semi hyperinflation

dunno why people quote the 10k/per coin figure as some sort of a holy grail. Not enough. I wouldn't be satisfied with less than 30k/coin

Why does this sound exactly like ryan pumper in the alt section?

I guess this is where ryan got his material

*Not supporting ryan, I think he's a scammer. All fluff, no real substance on HOW to see the supposed movements.

I think my questions in the OP were very clear; I don't know why people keep trying to misinterpret it.

I think we can nominate this as one of the all time most accurate bitcoin predictions.

this guy started a thread that has one of the most number of views in the speculation subforum. That's something. One, it shows despite people laughing, people are actually interested in becoming a millionaire with 100 dollars as well.

Also, being able to get people to view and comment on your material in itself is valuable. That's why pewdiepie can make so much money.

screw singularity. I prefer individuality.

And obviously it would use whatever currency is actually generally accepted.

start a somewhat shady exchange like btc-e, and put your own coins on the orderbooks.

There's no mobile based transportation network without uber. There's no social media without facebook.

See how ridiculous that claim is? Please stop regurgitating logical fallacies and read (and think).

Why? because within the system, you can save on transaction fees. They might also offer some sort of a bonus, or claim they can store your keys with more safety than you can. May sound outrageous to some of the extreme techies here, or those who cannot trust anyone. But I'm sure for a fair number of people, this would be totally true.

Also, I'm not looking for a store of value. I'm wondering how bitcoin will survive in various scenarios, and how the altscene will develop in the future.

@Snail: what's the intrinsic value of gold? And yet it keeps keeping up with inflation.

In a castle he hasn't bought yet.

You know, it's funny, because I opened this thread right after going for a walk with my Grandfather. I told him that I expect that in 3 years I expect to make a sizable amount from bitcoin, and that I think there is at least a 50% chance of success. Being in early-mid stage dementia, he asked "what year is it now? 2014?" I told him it's April 2015.

but you know, it's hard to give a time for these kinds of things. I expect that even if bitcoin's price goes way up in 3 years, and the amount of people accepting it as a legitimate currency increases significantly, there will still be great doubt whether this technology is scalable, whether it's secure, and whether it's just a ponzi. I don't think we can see such a significant shift in the mentality of the masses in just 3 years. Maybe 30.

I also wouldn't do this, since if I was able to become a multi-decamillionaire (screw millionaire, 1mil usd isn't even a lot these days, and bitcoin's going to the moon, right?) I'd totally want to remain as anonymous as possible. In fact, I'd probably keep it a secret even from my parents, for the first year or so. It'd be fun knowing that you're actually a decamillionaire and those around you didn't realize it, and it'd be an unique opportunity too. What other way can you make 10s of millions in secret without anyone knowing?

Uh, can you read? I said the value is in the network effects. The hash rate isn't built into the blockchain... it's accumulated from the network effects, where the value lies.

It's the same with uber, facebook, and whatever else. They're valuable because people use it. The actual "technology" is not difficult to replicate. Learn to read, man.