Post
Topic
Board Economics
Re: Tool: Calculate the future value of a single Bitcoin
by
Jackin Jill
on 25/04/2013, 13:31:18 UTC
Again - get real. 1% of the world economy is ~ 300,000,000,000.00USD.

That's 300 billion. The total amount of coins ever is going to be 84 million.

It means that in that rate a coin will be worth ~3571.42$ per coin.

If it goes so high inflation will destroy world's economy. It might go to 1000000$ per coin, then drop to 1000$ because there are no real money to cash you out!

Do you get it or shall I explain in more detail?

Let's get it a bit easier.


I honestly stopped reading the thread after I read to this part.

Firstly, how does 21M btc turn into 84M?

Secondly, those 21,000,000btc have 8 decimal places of fractions behind them making 2.1 quadrillion fractions that can be used for currency.

Let me make this a bit easier for you.

Your math is off. There is not enough currency on the planet to cover 2.1 quadrillion.
Btc for the win.