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Question: what do you consider to be a shit-ton of bitcoin?
1 - 4 (4%)
10 - 1 (1%)
100 - 16 (15.8%)
1k - 34 (33.7%)
10k - 30 (29.7%)
100k - 8 (7.9%)
1 million - 8 (7.9%)
Total Voters: 101

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Author Topic: what do you consider to be a shit-ton of bitcoin?  (Read 1389 times)
wolverine.ks (OP)
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November 24, 2013, 03:34:38 PM
 #1

Comments...
Rez
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November 24, 2013, 03:46:32 PM
 #2

For me ... 1,000 is a shit-ton.

Mostly because it's an unattainable goal for most at this point.

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November 24, 2013, 03:50:42 PM
 #3

We know 200k bitcoins are a shitload of money
https://blockchain.info/address/12sENwECeRSmTeDwyLNqwh47JistZqFmW8

so a shit-ton would be 100k or 10k? =)))))


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Johnny Bitcoinseed
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November 24, 2013, 04:24:03 PM
Last edit: November 24, 2013, 07:43:46 PM by Johnny Bitcoinseed
 #4

Well according to the votes so far, I may have about a quarter of a shit-ton.  

Now is that metric shit-ton or and English measure shit-ton?  We need to be more specific on units here.

Sincerely I am, Johnny BitcoinSeed .com
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November 24, 2013, 07:36:37 PM
 #5

At this point, I'm pretty sure that even a hundred is more than the average income of a US household. Multiplying that by ten surely results in a guaranteed "shit-ton".

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SquashJ
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November 24, 2013, 07:38:46 PM
 #6

With the current rate, I'd be more than happy with 100 BTC...
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November 24, 2013, 07:40:13 PM
 #7

Answer is 1.

What's 1/21 millionth of the world money supply? Absolute trucks-full, that's how much. If (and I should maybe say "when") Bitcoin realises it's potential, anyone with >1 will be rich.

Vires in numeris
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November 24, 2013, 07:48:07 PM
 #8

Answer is 1.

What's 1/21 millionth of the world money supply? Absolute trucks-full, that's how much. If (and I should maybe say "when") Bitcoin realises it's potential, anyone with >1 will be rich.

1 BTC is not "trucks-full" of money, even under the most optimistic assumptions.
The global money supply is ~$8T. Divide that by 21M, assuming BTC has dominated the entire market, and you get ~$380K per BTC.
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November 24, 2013, 07:54:48 PM
 #9

I took a stab at it...

From one source there is something like $46.513 trillion dollars worth of money in the world (note: this is very difficult to measure as there are several types of "money")
There are about 7-billion people

This comes to an average of $6644 per person

$46.513 trillion dollars divided by 21-million bitcoins = $2,214,904 per bitcoin.

That is what dreams of made of.  Half a bitcoin could be $1 Million dollars US currency.  While not a truck full of money (unless it is in pennies) it certainly is a lifetime supply if used efficiently.

Ah, pipe dreams....

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November 24, 2013, 08:03:07 PM
 #10

Answer is 1.

What's 1/21 millionth of the world money supply? Absolute trucks-full, that's how much. If (and I should maybe say "when") Bitcoin realises it's potential, anyone with >1 will be rich.

1 BTC is not "trucks-full" of money, even under the most optimistic assumptions.
The global money supply is ~$8T. Divide that by 21M, assuming BTC has dominated the entire market, and you get ~$380K per BTC.

Yup, $380,000 would be a terrible outcome. I totally agree.

Vires in numeris
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November 24, 2013, 08:22:32 PM
 #11

At current price I vote for 1k, simply because it would be impossible for me to obtain, ever, unless I won a lottery or something.

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