Quote from: Jackin Jill on April 25, 2013, 01:31:18 PM

Quote from: teodor87 on April 24, 2013, 06:13:51 PM

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.

Yes there is - it's called reality. It's a douche chill. It's even worse. It's not about fractions. It's about greed. That's what you people do not get.

You calculate formulaes and supply and demand, but no one mentions greed. When price skyrockets people sell and the price decreases. Then at a certain point everyone will start selling and there will be problems. That's a guarantee.