1 BTC = 1,000,000 usd

[pabloangello]

impossible

thats why

21 millions btc  *   1 000 000 dollars equals 21 trillion dollars.  its not reasonable lololol

The US national debt worth $17 trillion.

The American financial markets, derivatives and unfunded liabilities exceeded $1 quadrillion.

However all that can be paid off by minting a quadrillion-dollar platinum coin.

No need for quadrillion-dollar platinum coin, steady inflation will do the trick and interest from quadrillion-dollar debt can be payed. This infation trick is cheat, but you should never ever save USD as investment 

So far dollar is more stable than btc ;p

[aminorex]

If btc users save their coins, and they do not circulate, then btc which circulate gain in purchasing power.  When I last checked, the velocity of btc was 5.93, which is comparable to usd.  However, since btc is a superior  saving instrument, being deflationary, this velocity is likely to go down, driving up the value of a btc relative to goods and services.  You can't compare money supplies to estimate relative valuations.  You have to estimate money flows, M*V.

[pabloangello]

If btc users save their coins, and they do not circulate, then btc which circulate gain in purchasing power.  When I last checked, the velocity of btc was 5.93, which is comparable to usd.  However, since btc is a superior  saving instrument, being deflationary, this velocity is likely to go down, driving up the value of a btc relative to goods and services.  You can't compare money supplies to estimate relative valuations.  You have to estimate money flows, M*V.

What is the velocity you are talking about? Any sources, explanations?

[piramida]

impossible

thats why

21 millions btc  *   1 000 000 dollars equals 21 trillion dollars.  its not reasonable lololol

US external debt is almost equal to 21 trillion, or soon would be. and it's just one country. So in case US decides to pay off its debt in BTC (much more convenient than sending boatloads of gold), value would have to be at least 1 mil each.

[BarsMonster]

America can seize natural assets by using its military.

Currently imported resources are free for US (payed with printed paper). Any military operation will be much more expensive than that.

[notme]

If btc users save their coins, and they do not circulate, then btc which circulate gain in purchasing power.  When I last checked, the velocity of btc was 5.93, which is comparable to usd.  However, since btc is a superior  saving instrument, being deflationary, this velocity is likely to go down, driving up the value of a btc relative to goods and services.  You can't compare money supplies to estimate relative valuations.  You have to estimate money flows, M*V.

What is the velocity you are talking about? Any sources, explanations?

http://en.wikipedia.org/wiki/Velocity_of_money