Poll :: When will Bitcoin reach $1 Billion total value

[Otoh]

WOW! This is really amazing

I obviously thought it so unlikely that I would win either prize, let alone standing a chance of winning the 20 BTC!!

Thank you, Otoh - this was a really fun competition and is very generous of you

Sending to this address would be great - 1ScottJJpqTCBbTqnPa7Dyak5cfBPhtdh

My pleasure: https://blockchain.info/tx/a6b9e02b65c77883c7c8a32ff39678dfd05f421797d51fec55b4aa2285cf7adf
 
Good luck for the $1B double prize, you should make some headlines if you've predicted that one correctly too

[Scott J]

WOW! This is really amazing

I obviously thought it so unlikely that I would win either prize, let alone standing a chance of winning the 20 BTC!!

Thank you, Otoh - this was a really fun competition and is very generous of you

Sending to this address would be great - 1ScottJJpqTCBbTqnPa7Dyak5cfBPhtdh

My pleasure: https://blockchain.info/tx/a6b9e02b65c77883c7c8a32ff39678dfd05f421797d51fec55b4aa2285cf7adf
 
Good luck for the $1B double prize, you should make some headlines if you've predicted that one correctly too

I can but hope

I love that there's a public note on the blockchain.info transaction - I assume you have added this somehow?

Thanks again 

[Otoh]

Yep, it's a feature of the excellent blockchain.info wallets, I expect that you'll need a price of at least $100 if not over by mid April (coins issued to date times value) for $1B, if we hit $100 though I expect that 'the over' part will not be a problem with the news splash that will make, anyway should be a fun month to watch, good luck!

[Bennmann]

I realize the party is over, but here's a guess $1bil on 2013.4.10

Just for my own personal satisfaction.

[Otoh]

You're welcome, you could try & guess also when/if 1,000 BTC will equal a London Good Delivery Bar of say 12.5 Kg, so at present gold prices it would need a Bitcoin price of $646.47 per bitcoin.



I like to collect 1 gram gold bars from different manufactures & just like Casascius coins you pay a premium for this, the melt value atm is $51.72 & the premium is usually less than 80% making them very comparable with the Casascius 1 BTC physical coins atm. I guess if you peal a Casascius coin that too is a bit like then getting the melt or scrap value - ie just the actual bitcoins from the private key.


 =    =    =  

[Bennmann]

1 BTC = 12.5kg gold bar 2014.9.13

Edit: same hour as original post for typo

[Otoh]

1 BTC = 12.5kg gold bar 2014.9.13

Edit: same hour as original post for typo

I expect that you meant 1,000 BTC = 12.5 Kg of gold here, yes? May as well make this a competition as well then, I'll have a think about an appropriate prize - maybe a couple of 1 BTC Casascius coins, also I've just started a competition thread similar to the one here but for litecoins this time, with a total of up to 500 LTC being offered in prizes.

https://bitcointalk.org/index.php?topic=157448.0

[Scott J]

for the $1B prize we would need a BTC price of approx $95 if it was to be in 2013 which seems possible now, if over $100 (?) happens before mid April roughly (need to calculate coins issued times price) then Scott J would win the times two doubling prize for a total of 20 BTC all together.

If anyone wants to make a massive purchase and push the price over $100, I'll be happy to part with 1 BTC of the prize as compensation.

Surely that's enough incentive

[MarlboroMan]

May 4th!

[Otoh]

Update on $1B

At the time of writing (about 4 hours ago) 228,251 blocks have been mined for a total of 10,956,300 Bitcoins. Multiplied by the price of $89.245 per bitcoin, brings us to a Market capitalization of $977,794,993.50

Data from: http://www.reddit.com/r/Bitcoin/comments/1b3w7h/so_close_to_1_billion_what_happens_afterwards/ & Gox highest price today.

(In the approx 4 hours since the Reddit OP I think that's about 600 bitcoins extra mined, which I haven't included)

[Scott J]

Sorry, Otoh!

Looks like this might just happen 

[Otoh]

Sorry, Otoh!

Looks like this might just happen  

It's all good 

[jubalix]

Sorry, Otoh!

Looks like this might just happen  

It's all good 

what do u mean in your sig

 LTC = $c³

[Otoh]

Sorry, Otoh!

Looks like this might just happen  

It's all good  

what do u mean in your sig

 LTC = $c³

It's a play on E= Mc² with BTC as energy being = to old fiat $ & cents to the power of 2, ie squared, or in another dimension of functionality, speed, freedom, appreciation, adaption, independence & security.

&/or BTC as equivalent to energy being = in comparison to old fiat $ represented as mass, times the speed of light squared, which to me is the difference between government/central bank currencies & the first really functioning P2P open source virtual currency with a fixed known total number being generated, ie Bitcoin, is in a totally different league in other words.

Re LTC = $c³  It's a bit tongue in cheek, but I'm a great fan of the main BTC Alt & see enormous potential for it's adaption & growth, especially in niche markets where ppl need faster confirmations & where it's more user friendly to have units worth closer to $1 - $10 each say than stratospheric as BTC may become & then having to deal is small fractions of a coin for most uses, so I called it to the power of 3, ie cubed, which I also believe may be the potential investment returns from it in comparison to bitcoins as things stand atm. I think that it compliments Bitcoin fantastically & is the ideal backup up currency. As soon as Armory wallet is forked for use with LTC or any number of other possible Apps or uses I expect to see the LTC price at around 1/10 of BTC's, there are 4 times as many LTC due to exist so this is quite a modest possibility for competitive price if things roll out well.

In this world everything is duality, nothing comes in to existence without it's counterpart, day - night, male - female, energy - matter, yang - yin, life - death, if you like then, Coke - Pepsi, PC - Mac, Etc Etc, I see LTC as being the natural & ideal counterpart to BTC atm., like a piece of paper always has two sides - that's how things are on the Elementry school of Earth & it's what we're here to master IMO..

While two represents duality, three shows the evolution of this, it's offspring or product if you like & so progress.

0. Cowrie shells, etc
1. Fiat
2. BTC
3. LTC

[jubalix]

2013 04 13 proudhon


--->

[oakpacific]

YES

[BitPirate]

Congratulations Scott J!

[Spaceman_Spiff]

https://www.youtube.com/watch?v=_MjelxPz5Og

https://www.youtube.com/watch?v=FMrIy9zm7QY

[Scott J]

2013 04 13 proudhon


--->

I think that guess was for the gold competition.

Congratulations Scott J!

Thank you!

Though I am not going to celebrate until I get confirmation from the man himself 

[Bowjob]

Wow.. how'd you guess that