Quote from: European Central Bank on May 09, 2016, 01:21:45 AM

Quote from: Fakhoury on May 09, 2016, 01:16:05 AM

We are talking about $25K - $250K in the coming decade or so without taking into considerations non mathematical elements, am I right ?

This is theory and throwing figures around. What it truly requires is people. Alot of real people. Real people take alot of convincing and they usually don't do what you want them to.

I agree mate, we are in the "speculation" sub-forum Wink

I do understand also that theory is something, and putting it into works IRL is another thing, totally agree as well with convincing people with what you think.

Quote from: AZwarel on May 09, 2016, 01:33:55 AM

Quote from: European Central Bank on May 09, 2016, 01:21:45 AM

Quote from: Fakhoury on May 09, 2016, 01:16:05 AM

We are talking about $25K - $250K in the coming decade or so without taking into considerations non mathematical elements, am I right ?

This is theory and throwing figures around. What it truly requires is people. Alot of real people. Real people take alot of convincing and they usually don't do what you want them to.

Yes, and yes, for both of you

Btw, thats the chart i was looking for/based my raw calculation on, and thx for the original quote as well Fakhoury!

People never do want you want them to do

I was telling my dearest, old friend to postpone a house renovation last year, and get into BTC ffs. He did the renovation, spent the money. He would have basically get it for free this summer, with 240usd back than - 450 usd btc today, but hey, his loss.

Everyone in my social circle knows about bitcoin, i constantly bombard them with it:-) Yet, to this day, after 3 years of "harassing" none of my family/friends/employees bought a single satoshi. This is still innovator phase, not even "early adopters". But i know people enough, and they will TOTALLY FOMO with red eyed greed once we surpass the 1200$ ATH again, imagine the media frenzy and hysteria, like headless chickens. Because, as we know, "smart ones" buy the uptrend, and sell the downtrend. That is why i will retire at the age of 35-40, and they will work till their death Sad

edit: btw dear central bank :-D you are right, but do not forget, that in international export-import trade payment is a messed/fucked up s**t. Just imagine a Brazilian exporter asking bitcoin payment instead of their 20%+ inflating currency, from, like Europe, in EUR, which lost ~10% value vs USD in 2015. Both parties come out better, way less overhead, the 0-24 exchanges minimize arbitrage loss, if they use/hold BTC for the production/sales payments. They just do not know it yet. But, imagine if a few (i mean thousands) manufacturers, importers realize this, after being so blind, they will like "oh, i shall demand btc for my supply line, it would increase my margin way above market average!".

Like some businesses, i had to actually told them, that credit card payment is not "profit for them", if the tx costs for card payments is higher than their avg. marginal profit rate, which is common in many places. (A grocery shop paid 2,2% aggregated card fees, and they have a net profit rate of >2%. "But people spend more with CC," said the owner. I said, "no, people make more loss for you with CC payments, it is worse than not buying anything". She did not understand.)

That is why i think the next big wave will be institutions, and international businesses, and not "Joes". Joes will be the 3rd wave!

You are most welcome my new dear friend Tongue

I extremely enjoyed how deep into economics and math you are as well as your way of thinking.

Btw, I said earlier this exact same sentence (That is why i will retire at the age of 35-40, and they will work till their death Sad

).

What do you think about triple digit BTC value, way too much or ?