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Author Topic: [2014-07-16] The price of Bitcoin will hit $9 trillions by 2140! Great news;)  (Read 2489 times)
erre
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January 09, 2015, 10:45:57 PM
 #21

$9 trln for one BTC, how will it work?


Cheaper than coal.


Cheaper than wallpaper.


Cheaper than toys.


Cheaper than toilet paper.

That's my main concern, if btc fails you can't use it as fuel or toilet paper!
But it would still be cheaper than video games...

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January 10, 2015, 03:58:45 AM
 #22

In essence it already is.  For every single physical $1 USD bill, you can rest assured there are at least 5 equivalent 'digidollars' somewhere in some high-risk derivative of some sort, or being loaned out in humongous to foreign central banks, or pretty much anything else you can think of other than it actually being loaned out to it's own citizens.

Somebody's debt is somebody else fortune. If you hold e.g. a treasury bill (government's debt) in your hands, you can sell it for cash. All debt, public and private, is about 350% of GDP. GDP is about 16 trln Dollar. Reserves of the banks and currency in circulation is about 1,7 trln Dollars. Now do the math.

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January 10, 2015, 11:49:33 AM
 #23

In essence it already is.  For every single physical $1 USD bill, you can rest assured there are at least 5 equivalent 'digidollars' somewhere in some high-risk derivative of some sort, or being loaned out in humongous to foreign central banks, or pretty much anything else you can think of other than it actually being loaned out to it's own citizens.

Somebody's debt is somebody else fortune. If you hold e.g. a treasury bill (government's debt) in your hands, you can sell it for cash. All debt, public and private, is about 350% of GDP. GDP is about 16 trln Dollar. Reserves of the banks and currency in circulation is about 1,7 trln Dollars. Now do the math.
Absolutely Wink
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January 10, 2015, 07:08:42 PM
 #24

$9 trillion zimbabwe dollars.

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January 11, 2015, 07:09:09 AM
 #25

$9 trillion zimbabwe dollars.
Whichever has the highest value by then Wink
BTW, if you don't believe in Bitcoin you SHOULD NOT be here in the first place!
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