Quote from: Siegfried on December 11, 2013, 07:39:33 AM

Quote from: Zangelbert Bingledack on December 11, 2013, 07:16:27 AM

Not included are all the efficiencies Bitcoin will introduce into the economy if it goes mainstream. A fully internationalized, frictionless division of labor will be an incredible boon to the economy. And there's so much more. I think a price target of $100 million, conservatively, is more realistic.

If Bitcoin goes big, it pretty much has to go whole hog. We are witnessing nothing less than a global transition from physical goods and trust-based money to an unimpeachable universal asset ledger. Anything else will look archaic by comparison, and the value added to the economy in the next 10 years will blow even these first 20 years of the modern Internet out of the water.

100 million dollars per bitcoin is ridiculous, in my opinion. Given that there are 10,000 people with over 100 bitcoins, there would be 10,000 people worth over 10 billion dollars. Today, there are only 1,500 people in the world worth one billion dollars or more.

And how many of them have all this wealth in the form of money at that? What meaning would all that bitcoin "paper" wealth have if you won't be able to exchange that bitcoin for 100 million dollars of goods? How are you going to deprive those billionaires of their property with bitcoins?

What is it, wishful thinking?