2013-03-05 Falkvinge: Target Value for Bitcoin is $100K to $1M

[n8rwJeTt8TrrLKPa55eU]

http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/

[justusranvier]

I agree that 20 years from now one Bitcoin will either be worth $1x10^6 +/-$1x10^1 or worth nothing.

[bbit]

I agree that 20 years from now one Bitcoin will either be worth $1x10^6 +/-$1x10^1 or worth nothing.

One of the two is correct.

[FreeMoney]

I agree that 20 years from now one Bitcoin will either be worth $1x10^6 +/-$1x10^1 or worth nothing.

I think that's more specific than you intended. I read it as $999990-$1000010. 

[justusranvier]

I think that's more specific than you intended. I read it as $999990-$1000010. 

I know, but I think most people can figure it out.

[Dusty]

I think that's more specific than you intended. I read it as $999990-$1000010. 

I know, but I think most people can figure it out.

Just write it as 10^(6 +/- 1)

[marcus_of_augustus]

I think that's more specific than you intended. I read it as $999990-$1000010. 

I know, but I think most people can figure it out.

Just write it as 10^(6 +/- 1)

Yeah, what's an order of magnitude amongst friends anyway? Either way it would be wild ride.

You have got to admire Falkvinge's cahajone's for going all-in way back when he did .... but I think his estimates are heavily discounting the risk from bitcoin2.0-like competition.