Post
Topic
Board Economics
Re: Bitcoin market cap is now almost... [mona lisa reached]
by
Fiery Winds
on 09/04/2013, 05:35:14 UTC
It's a race with the FED. And BTC is losing:
http://en.wikipedia.org/wiki/Zeno%27s_paradoxes#Achilles_and_the_tortoise

3600 BTC printed daily? need to have a $500,000 per BTC to reach the printing frenzy of the FED.

But by the time we have $500,000 per BTC. The FED will have accelerated to ten-fold.

You do know that the paradox you linked to is a paradox because it's false?  It wasn't until the advent of Algebra that it was able to be mathematically proven false (it's obviously false in real life).  Distance = Rate x Time.  Setting a system of two equations for both racers, it's easy to calculate who wins, and at what point Achilles overtakes the tortoise.