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Author Topic: What are 10,000 BTC worth?  (Read 3051 times)
S3052
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November 05, 2011, 07:23:35 PM
 #21

here the latest outlook. its quite possible to soon be able to get 10,000 BTC for less than 20$k

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November 05, 2011, 07:27:58 PM
 #22

Thanks, but as stated in my OP I am mainly interested in the value that is derived by it's usefulness as for market prices in fiat...

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November 05, 2011, 08:53:00 PM
 #23

I know, but this is all priced in into the current exchange rate (existing and expected future use of bitcoin are included already).

This means that currently, there is no big belief that it will become mainstream. If it would we'd see massively rising prices in anticipation of this.

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November 05, 2011, 09:03:24 PM
 #24

I agree, and from the current outlook I even find it questionable if it succeeds at all. Most technologies fail during this period of the hype cycle.
As for it's value it depends on whenever assuming a success of the technology itself it will be based on the current blockchain or if people who will lead it's way to mainstream adaptation start over.

I consider both options a possibility as I strongly believe in this concept. There are also alot of technical issues to be answered, from the current trend I think the big push will be some sort of web of trust adaptation, so the question remains if it will be included as a "merged" service similar to namecoin or if the technical limitations or other concerns such as insufficient liquidity among the masses will lead to a start over.

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