Quote from: myrkul on June 25, 2011, 08:33:12 PM

Quote from: anna.murphy on June 25, 2011, 08:28:03 PM

Quote from: myrkul on June 25, 2011, 04:15:17 AM

Check your premises.

If the rest of the world assumes that there are 1000 Bitcoins out there, and I assume that there are 21 million, Prices would be lower than my expectations. I would be able to buy even more than I expected with the bitcoins I had.

...I don't see a problem with that.

...
And when you want to sell one hour of your time for 1BTC and everybody say no, it worth only 0.0000001 BTC. What will you do ?

If everybody think there is 21 000 000 BTC in world and there is only 1 000. What will happen ? BTC will be really rare, so they will worth a lot. It's stupid to assume there is 21 000 000BTC. You must only watch the flows and adapt to them.

I will either work for 1 satoshi an hour, or I won't work. More likely, though, I'll find someone willing to pay more, even if it is less than what I was asking.

As the recent instability has shown, It's stupid to think the bitcoins you see are the only ones there are.

Of course we must be watching sleeping wallet. But we have to adapt to market.

P.S: Everybody: don't panic about lost BTC, when computer will become more powerfull, we will upgrade all our addresses to prevent cracking. And addresses that were not updated will be cracked. So BTC will never be lost. That's my point. I want to break the myth about lost BTC.