Post
Topic
Board Economics
Re: What happens if the US bans the use of bitcoins?
by
mestar
on 23/05/2011, 16:06:36 UTC
Before e-gold was shut down, it has ~$600 million in their accounts.  In order for Bitcoin to become a similarly sized threat each coin would have to be valued at $82US.


But, e-gold had no mining aspect, so all the $600 million was actually paid for, no?  And the actual amount of bitcoins *bought* would be much less that total value of all bitcoins, because most of them were mined and parked somewhere.

What was the typical usage for e-gold?  How many vendors accepted it?  In what industries?