It's interesting to see the growth in the US, Argentina, Poland, Russia, Sweden. I'm surprised there's so little use in Israel.

Is the x-axis in total value of transactions (i.e., total fiat amount in local fiat)? Not count of transactions, right? So there's some element of currency exchange that may impact these charts, if we could see the volume in a standard measure we could really see where the differences are.

It would also be cool to see this as a line chart, to see the volume by country side by side. Thanks for sharing this, cool chart.

I can answer the how: When the pricer per bitcoin x the number of bitcoins that exist = $1,000,000,000,000.

The when is a lot harder to answer, although some people could speculate. For example, if all 21 million bitcoins were mined, the price per bitcoin would need to be just over $47,619. Today, with ~14 million bitcoins mined, the price would need to be just over $71,428.

At $244 per bitcoin today, the market cap is about $3,416,000,000 (so $3.4B...which is kind of astonishing, when I think about it.)

If you don't want to do the math you can find the market cap by day here: https://blockchain.info/charts/market-cap

Making things cheaper doesn't mean they will be sold for cheaper. Usually the difference becomes greater profit for companies. And next year's profit always needs to be more than today's profit, otherwise manager's lose their jobs.

E.g., automation has been added to the manufacture of cars for decades, has the cost of cars gone down over decades? No, the cost has gone up...and up...and up.

By your equation to solve 7% of unemployment we just need to make everyone work 7% less and thus create 7% more work. That math doesn't actually add up, want to try again? Explain to us how solving unemployment is so simple.

A bottle of 805. Firestone Walker Brewing Company, from the Central Coast.

This thread is a sly way to find out where people live. Coffee, juice, tea, alcohol...all imply a certain time of day.

Why are you selling if it's only two days old?

Sounds a bit suspect.

Do you have any free range snails? The snails in the pic, in the aquarium look caged in. Free range snails make for a much tastier escargot!

I think perspective plays a big role in this. It's still at $250, which compared to 2012 is a fine, fine price. For people that were introduced to Bitcoin at the end of 2013 or early 2014, this would feel like a "dive for the worse" but it's really not. This is the settled price after the initial boom in speculation. The cool thing is that there's a lot of room to grow...all the talk in this thread about "not many people use it" means there's a lot of room for growth.

It's important for us to use it, show the retailers that we want it as a payment option, keep it alive.

What does color have to do with this?

These options are necessarily mutually exclusive and collectively exhaustive, I voted for less secure. Obviously a lot of people voted for BTC is decentralized and different, which is probably the most accurate answer. The thing about banks is that if there's fraud that goes on at the bank one can get their money back. If there's fraud at Mt Gox or some other institution anyone who has the wallet with them is f**ked.

I feel like Jennifer Lopez would have been a better analogy because she's much harder to bed than Carmen Electra, I mean wasn't Electra a stripper at one point?

Seriously though, this IS a big deal that some old school banking/insurance agency would pay attention to this "little project". The big question I have is does anyone have the link to the actual study? I'd like to see the charts and graphs the article in the OP references.

Cheers.

I wonder how ISIS would respond to this news. Would they consider the startup owner the infidel or Bitcoin as well? Anything that goes against sharia law would be considered a great sin to those devote muslims.

How are people so sure that the price per bitcoin will be so great? There's not analysis that say this is likely to happen, right? If so, can someone share it with me? PM me...seriously, I'd love to read it!

Why would we want to sign a petition against this? What's wrong with the DMV using facial recognition? If you want to follow your cause, sell us on why!

Why do you say the activity has potential to reach 150+? Doesn't the account have the potential to reach activity levels much higher than that, endless?

I wouldn't buy an account unless the person selling was using the account being sold. Some Newbie trying to hawk and account makes zero sense...why would he/she do that if he/she owns a Legendary account. Why would they create a new one to sell an account?

How much do Legendary accounts usually go for?

What are you trying to show with the circles? Some of them are when BTC is oversold and some of them are when BTC is still overbought but after a decline. I don't understand your point. Thanks.

Education to income generating work is very important, it's literally the way out of poverty.

I'd try to help the people's voice be heard more clearly by politicians, so governments aren't seen as this big imposing thing. I'd also try to help small businesses in poorer areas. Better business in a community can help improve the community.

Giving back to social causes would be another important thing I'd do. In some cases I'd get really involved in the cause and in other cases I'd just write the check.

Finally, I'd keep my consumption dialed back. I would become some massive spender...stealth wealth is where it's at, after the contributions and giving of course.

That's a good question. I think it's a really cool plan. It's possible that since it's still in the early phase of the idea of the project that people aren't willing to consider it a reality yet. So much can happen in 10 years that can put this project to an end. Also, people could be more concerned with the reality of life rather than lofty science goals.

I hope the world makes it there.

I'm not sure that length of life always correlates to quality of life. I also don't think that comparing today with 115 years ago is fair either.

Yes but will the medical community be able to improve the quality of life at that age? Living that long would be great! Spending 30+ years as very elderly with limited mobility or freedom would be a challenge. (Not awful, just a challenge).

How long could you, would you want to, live elderly?

I think they may do it to give the inmates another avenue to stay calm. I imagine tensions can run pretty high in prison, which could lead to fights and general violence. Let some of these guys knock one off every month and you may have a more chill community inside the bars. Just a guess...