Re: Bitcoin Shrinking - The Long View

I'm not predicting the long term success of bitcoin I'm telling you that the market value relative to other currencies will continue to shrink until it reaches it's highest sustainable point somewhere below $10 and above $0.01. You're just twisting my observations relative to your own worthless antithetical agenda.

Bitcoin can be "successful" by a number of measures, yet still have little to no value in real currencies.

How do you arrive at those numbers?

Any valuation above relative parity with USD/EUR/AUD/GBP etc. is extremely suspect as there are absolutely zero real reasons for it to be above parity.

Another Godlike assertion, but no evidence whatsoever.

To repeat. How did you arrive at those numbers?

And after you've answered this question, I'll repeat the other questions that you've carefully avoided. One at a time though.

I'll just say:

Did you even bother to read the rest of the post?

Idiot...

Yes, I did read the rest of the post. How did you arrive at those numbers?

...

OK, let's start with this. At USD/BTC=1, the total value of bitcoins would currently be $6m. What are the pressures limiting the total value of bitcoins at $6m? What's to stop the total value of bitcoins going to $600m? or $6bn?