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Author Topic: Bitcoin's money supply is >$50M (first time since January).  (Read 726 times)
DeathAndTaxes
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Gerald Davis


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June 08, 2012, 04:20:49 PM
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How long before $100M?

http://blockchain.info/charts/market-cap
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June 08, 2012, 09:22:54 PM
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I like its angle of approach better this time.  We can do sanity checks along the way ... like,   how many more people are using bitcoin today as a currency versus a month ago when the exchange was nearly $1 less?

And the answer appears to be, a few more.

So here's the chart that to me, matters more:

 - http://blockchain.info/charts/n-transactions-excluding-popular


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June 08, 2012, 09:59:35 PM
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How long before $100M?

If the price doesn't change much...20 years or so.
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June 08, 2012, 10:06:51 PM
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The current fiat system is in its death throes. The people will one day realize that bitcoin is the safest asset - probably after there's a major bank run.

That's when our little currency will start to really become worth something...  Grin
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