Venture Capitalist Chris Dixon Believes Bitcoin Will Hit $100,000

[BTCisthefuture]

I like his comparison to domain names back in the 90s. So true that buying up domains back in the 90s would/has been a insanely profitable invstment for quiet a few people.

Given the fact that bitcoin is deflationary by nature I could certainly see someday a single bitcoin being worth $10,000 . I would hope they have moved the decimal place over by then so its not so confusion but we will see.

Actually the deflationary aspect is one part of bitcoin that a lot of people think might ultimate doom bitcoin being used as a day to day means for transaction.  People do have a valid point when they say a lot of people won't spend something if they expect it to go up in value.

[williecity]

Maybe the guy as invested and this is his wish

[jwray]

Lots of places already quote prices in mBTC (milli-bitcoins, 1/1000 of a bitcoin).  That makes it easier.

USD hyperinflation will never happen as long as the fed abides by its own rules (the Taylor rule, specifically).

Aside from fed intervention, all fiat currencies' and cryptos' ability to store value despite a lack of any intrinsic value flows primarily from the anchoring bias in the minds of the users.  If everybody woke up tomorrow and decided the dollar (or bitcoin) was worthless then it would actually be worthless, but that's never gonna happen because people are extremely stubborn in holding on to their biases about what something is worth.  Cryptos have a great way of bootstrapping that anchoring bias by getting people involved in mining, where they make lots of decisions based on the current price of the coin and the price gets burned into their memory.  Bigger currencies and bigger stocks are more stable partly because they draw on a larger reservoir of people with anchoring bias who help to smooth out the noise by buying and selling when the price deviates much from what they think it should be.

[Sutters Mill]

I guess the reason we draw value in a USD comparison at the moment is because there's not an alternative. In the UK, we can determine how well our currency is dong by product cost.

When 'us Brits' go abroad, you are likely to hear someone talk about the price of a pint; "It's only 40p a pint!". We naturally measure our currencies strength by what it can afford. The places we can buy products with bitcoin online determine the cost by comparing it to USD or otherwise, meaning that's all wwe have to go on at this point, publicly anyway.

Overstock's success on the first day of accepting Bitcoin was again measured in dollar worth.

Me, I'm drawing my value from cock pushups. 1 BTC = 1.3 cock pushups at the moment but it's on the up

[bitrage42]

You never know.  I didn't think it would pass $1, then $32, then $265. And, well here we are.  See you at 100,000

[hilariousandco]

I guess the reason we draw value in a USD comparison at the moment is because there's not an alternative. In the UK, we can determine how well our currency is dong by product cost.

When 'us Brits' go abroad, you are likely to hear someone talk about the price of a pint; "It's only 40p a pint!". We naturally measure our currencies strength by what it can afford. The places we can buy products with bitcoin online determine the cost by comparing it to USD or otherwise, meaning that's all wwe have to go on at this point, publicly anyway.

Overstock's success on the first day of accepting Bitcoin was again measured in dollar worth.

Me, I'm drawing my value from cock pushups. 1 BTC = 1.3 cock pushups at the moment but it's on the up

One is all you need. Just like Bitcoin. Anyone who doesn't have 1 Bitcoin is a cryptopleb.

[Cryptopher]

I guess the reason we draw value in a USD comparison at the moment is because there's not an alternative. In the UK, we can determine how well our currency is dong by product cost.

When 'us Brits' go abroad, you are likely to hear someone talk about the price of a pint; "It's only 40p a pint!". We naturally measure our currencies strength by what it can afford. The places we can buy products with bitcoin online determine the cost by comparing it to USD or otherwise, meaning that's all wwe have to go on at this point, publicly anyway.

Overstock's success on the first day of accepting Bitcoin was again measured in dollar worth.

Me, I'm drawing my value from cock pushups. 1 BTC = 1.3 cock pushups at the moment but it's on the up

One is all you need. Just like Bitcoin. Anyone who doesn't have 1 Bitcoin is a cryptopleb.

I'm currently parked in fiat, with 0.5 BTC (plus a little change in another wallet). I guess that makes me a cryptopleb (again). Maybe this time I'm a cryptopleb with intention.

[hilariousandco]

I guess the reason we draw value in a USD comparison at the moment is because there's not an alternative. In the UK, we can determine how well our currency is dong by product cost.

When 'us Brits' go abroad, you are likely to hear someone talk about the price of a pint; "It's only 40p a pint!". We naturally measure our currencies strength by what it can afford. The places we can buy products with bitcoin online determine the cost by comparing it to USD or otherwise, meaning that's all wwe have to go on at this point, publicly anyway.

Overstock's success on the first day of accepting Bitcoin was again measured in dollar worth.

Me, I'm drawing my value from cock pushups. 1 BTC = 1.3 cock pushups at the moment but it's on the up

One is all you need. Just like Bitcoin. Anyone who doesn't have 1 Bitcoin is a cryptopleb.

I'm currently parked in fiat, with 0.5 BTC (plus a little change in another wallet). I guess that makes me a cryptopleb (again). Maybe this time I'm a cryptopleb with intention.

All of us live in constant fear of becoming a cryptopleb once again. You could lose your coins in a hack or do something truly plebby like lose them gambling. I would advise staying away from such pleb activities.

[Cryptopher]

All of us live in constant fear of becoming a cryptopleb once again. You could lose your coins in a hack or do something truly plebby like lose them gambling. I would advise staying away from such pleb activities.

He says with a PrimeDice sig lol

[hilariousandco]

All of us live in constant fear of becoming a cryptopleb once again. You could lose your coins in a hack or do something truly plebby like lose them gambling. I would advise staying away from such pleb activities.

He says with a PrimeDice sig lol

I don't mind ushering plebs in to the gutter. And plebs could also shed their pauperness and become a cryptonoble by gambling, but they must know when to quit or be prepared to be a cryptopeasent once again.

[Cryptopher]

All of us live in constant fear of becoming a cryptopleb once again. You could lose your coins in a hack or do something truly plebby like lose them gambling. I would advise staying away from such pleb activities.

He says with a PrimeDice sig lol

I don't mind ushering plebs in to the gutter. And plebs could also shed their pauperness and become a cryptonoble by gambling, but they must know when to quit or be prepared to be a cryptopeasent once again.

Haha, there's a fine line between cryptoplebeian and cryptonoble when gambling.

Even if BTC were to hit $100k, how many people would sell their precious along the way. People who sold their BTC for $1 way back when must have felt like gods at the time. It's all about context.