Bitcoin Forum
April 29, 2017, 05:39:43 AM *
News: If the forum does not load normally for you, please send me a traceroute.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Why IS the bitcoin limited to 21 million?  (Read 9840 times)
Desu
Newbie
*
Offline Offline

Activity: 28



View Profile
June 28, 2011, 06:51:04 PM
 #21

Well, at the current market rate of 17.0397 the full amount of bitcoin equals to :$357,833,700
If certain ideals are correct that they will be worth 1,000 then:21,000,000,000.
That seems like a good number.

Tip me?
1KBuL4At3kKEsBbDwAqKa16CG4nbyjosdD
That's right, I'm a girl on the Interwebz
http://flipforbits.com/?id=1570
Spend cheaply, Win More. : ]
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1493444383
Hero Member
*
Offline Offline

Posts: 1493444383

View Profile Personal Message (Offline)

Ignore
1493444383
Reply with quote  #2

1493444383
Report to moderator
finnthecelt
Full Member
***
Offline Offline

Activity: 140


View Profile
June 28, 2011, 07:59:59 PM
 #22

Well, at the current market rate of 17.0397 the full amount of bitcoin equals to :$357,833,700
If certain ideals are correct that they will be worth 1,000 then:21,000,000,000.
That seems like a good number.

If BTC became the new world reserve currency, try: 2,000,000,000,000,000

2,000,000,000,000,000/21,000,000 = 95,238,095 per BTC.
flailing Junk
Member
**
Offline Offline

Activity: 92


View Profile
June 28, 2011, 08:49:36 PM
 #23

2,000,000,000,000,000/21,000,000 = 95,238,095 per BTC.

2,000 trillion? That's high I think. USD M3 estimates are like 15 trillion IIRC.
nazgulnarsil
Full Member
***
Offline Offline

Activity: 210


View Profile
June 28, 2011, 08:54:40 PM
 #24

eh, I think a market cap somewhere between 100 billion to 1 trillion is possible.  Not holding my breath of course.

It would mean the bitcoin economy was somewhere between morocco and south korea yearly GDP.  (of course that's not how calculations of GDP and market caps work, but it's fun to be lazy)
finnthecelt
Full Member
***
Offline Offline

Activity: 140


View Profile
June 28, 2011, 08:55:52 PM
 #25

2,000,000,000,000,000/21,000,000 = 95,238,095 per BTC.

2,000 trillion? That's high I think. USD M3 estimates are like 15 trillion IIRC.

I'm just playing with numbers but if you took all outstanding derivatives (1.4 quadrillion) and all money and debt instruments and collapsed them into BTC 2,000 trillion would be conservative.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!