Post
Topic
Board Economics
Re: Bitcoin Economic Numbers
by
maxkoda
on 24/07/2011, 05:22:55 UTC
Your not considering the fact Bitcoin  goes to 8 decimal places. When all Bitcoins are finally issued , there will be 2,100,000,000,000,000 units. That's more than enough.

I'm not saying that Bitcoin is not divisible and therefore there will not be enough to go around. I'm thinking about the potential value of 1.00 Bitcoin as we move forward. My expectation is that the value of a single Bitcoin must go significantly higher than the current exchange rate values. What I was hoping to get out of this post was opinions from others as to their expectations for the value of a single Bitcoin as we move forward with this experiment.

Initial discussions had it at 10x, 100x its current value. The $10 million number from the first post could suggest a much higher valuation.

Cheers!

maxkoda