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Author Topic: [2015-06-07] Video: The Age of Factory Banking: What's A Bitcoin Worth?  (Read 512 times)
LiteCoinGuy (OP)
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June 07, 2015, 12:09:26 PM
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The Age of Factory Banking: What's A Bitcoin Worth?

https://www.youtube.com/watch?v=tBeVd-kaGB4

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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June 07, 2015, 12:59:22 PM
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The only truth we can take out of all of this is this : "In the internet of things, we want a quicker and improved payment alternative"

The formula they use there to calculate the value of Bitcoin is flawed. You cannot do a valuation of Bitcoin based on the percentage of people using it on a global basis.

So if 20% of people in the world use Bitcoin and the total value of all payment methods is X... then the 20% is equal to...Huh??

I like the valuation of $7500 ..... not the $ 11 925 over the last 25 years.  Roll Eyes  ... We can just dream.

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June 08, 2015, 04:27:16 PM
Last edit: June 08, 2015, 04:47:44 PM by LiteCoinGuy
 #3

"$ 11 925 over the last 25 years..."



that seems pretty unlikely to me. it will be over 10k within the next 10-15 years or zero i guess.

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