Re: What would happen to Bitcoin if the World Echnomy went over to Bitcoins
If bitcoin replaced the worlds currency, a lot of people would be screwed as they have no computers, though we an print bitcoins, it would take time to go over.
there is over 4 trillion dollars in circulation there are 6842600 bitcoins, so each coin would be would be worth $580,000. Which means miners would find about 1.2billion every week, leading to a soaring crime rate in stolen ATI cards. Satoshi would instantly be the richest man that ever lived.
Per this Wikipedia article, "According to the Bank for International Settlements, the total outstanding notional amount is US$684 trillion (as of June 2008)."
Apportioning $685 trillion among 6.85 million bitcoins works out at $100,000,000 per bitcoin.
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Micropayments in 3rd world countries are widely done using mobile phones (and not smart phones). See the article at http://en.wikipedia.org/wiki/Mobile_payment and this PDF report: http://www.infodev.org/en/Document.43.html