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I think once the bitcoins are mined 75%, that's when the dollar value price will start to rise. By that time the world should have more experience using a decentralized currency and governments would figure out how they plan to deal with it.
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So you're saying in just a bit over 3 years?I think once the bitcoins are mined 75%, that's when the dollar value price will start to rise. By that time the world should have more experience using a decentralized currency and governments would figure out how they plan to deal with it.
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The difficulty self-adjusts every 2106 blocks based on the mining hash speed (or more specifically based on the average time between those 2016 blocks) to keep the average blocks per day at 144. Since there are 25 new bitcoins mined every block, we can calculate that 75% of the blocks will be mined by autumn of 2016. If you think "the dollar value will start to rise in general" once 75% of the blocks are mined, then you are saying before the end of 2016 (just a bit over 3 years from now).
Thank you for the figures and clarification.