Quote from: proudhon on July 18, 2012, 04:37:49 PM

Quote from: Raize on July 18, 2012, 04:18:35 PM

I can't speak on the black market number because most measurements of the black market are very difficult to verify. However we can measure worldwide GDP and the supply and demand for currencies presently, and can represent them in USD.

If all 21 million Bitcoins were in circulation (which they are not, and over a million may simply be "lost") today, and only 1% of the World's GDP transferred through Bitcoin, the value of a single Bitcoin would be ~$2200/coin. These are using all the most conservative estimates, because we're obviously not at 21 million Bitcoin, and we're probably still a long way from 1% World GDP, but I do think that target is attainable in the next year, and, given the success of Silk Road, could be attainable within one year, we just can't measure it as legitimate world trade.

Wow. If you sincerely believe that's attainable and likely, then I hope you're the one buying lots of bitcoins right now. Also, I'll sell you all my bitcoins right now for $100/BTC so you can still make an absurd profit.

Just because he says that for the future doesnt mean he wants to buy now at a future predicted price.

I'm buying 50btc on halloween from a guy (cant remember his name) on October 31st, 2012. The deal is set. But I'm not going to give him anything until that day. Just like he isn't going to give me anything until then.

Call it "bitcoin futures" lol Cheesy

Edit: the price is at $11 per btc. But only on that day.