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Author Topic: Some quick math for fun: what if the total value of Bitcoin reaches X?  (Read 1743 times)
friedcat
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February 26, 2012, 06:44:39 AM
 #1

We assume that all of the following happens after the day when 21 million BTCs have all been issued.

X=$332.9 million (The price of a Boeing 747-8 in 2011)
each BTC will worth $15.85

X=$1billion (The construction cost of the Roscoe Wind Farm, estimated)
each BTC will worth $47.62

X=$27.320billion (Ebay's total assets in 2011)
each BTC will worth $1300.95

X=$121.6billion (Vietnam's GDP in 2011)
each BTC will worth $5790.5

X=$8.48trillion (Total price of mined gold in the end of 2011, estimated)
each BTC will worth $403809.5

Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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payb.tc
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February 26, 2012, 06:54:01 AM
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X=$0.05 (price of a lollipop in 1980's prices)
each BTC will be worth [not much]
ribuck
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February 26, 2012, 09:36:27 AM
 #3

X=$52,500
each BTC will worth $0.0025

Laszlo's payment of 10,000 BTC for a pizza will turn out to have been about right.
Kettenmonster
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February 26, 2012, 11:59:27 AM
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Laszlo's payment of 10,000 BTC for a pizza will turn out to have been about right.
What if $ turns towards worthless? Well this pizza probably already is worthless.  Grin

The paining (sic!) is done with the QPainter class inside the paintEvent() method.
(source: my internet)
istar
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February 26, 2012, 12:43:46 PM
 #5

If same as Facebook.

X=$100 Billion (Estimated value of Facebook in 2012)
One BTC $4761

Bitcoins - Because we should not pay to use our money
Cosbycoin
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March 07, 2012, 02:43:29 AM
 #6

X=$52,500
each BTC will worth $0.0025

Laszlo's payment of 10,000 BTC for a pizza will turn out to have been about right.

Where is this event documented when it happened?

That's still one expensive pizza today. >$50k  Shocked
proudhon
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March 07, 2012, 02:56:16 AM
 #7

X=$52,500
each BTC will worth $0.0025

Laszlo's payment of 10,000 BTC for a pizza will turn out to have been about right.

Where is this event documented when it happened?

That's still one expensive pizza today. >$50k  Shocked

I look back fondly on the few hours last year when a 10,000 BTC pizza would have cost $320,000.
ribuck
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March 07, 2012, 11:42:45 AM
 #8

Quote from: ribuck
Laszlo's payment of 10,000 BTC for a pizza will turn out to have been about right.
Where is this event documented when it happened?
The pizza purchase was co-ordinated in this forum's Marketplace:
https://bitcointalk.org/index.php?topic=137

It was actually two pizzas for 10,000 BTC. Here's a comparison of that purchase with other expensive pizzas:
What is the world's most expensive pizza?
PulsedMedia
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March 11, 2012, 07:34:38 PM
 #9

At least that pizza looks VERY delicious!
I wish one could get anywhere near like that around here in visual deliciousness factor at the very least.

http://PulsedMedia.com - Semidedicated rTorrent seedboxes
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