Quote from: Sonny on February 12, 2014, 04:14:49 PM

Quote from: empoweoqwj on February 12, 2014, 05:34:15 AM

Quote from: ndrmutz on February 12, 2014, 05:16:29 AM

Yes, it will pass $10,000, but I can't tell you exactly when lest I get droned. Never forget that BTC are constantly being destroyed as holders of them die, forget passwords, watch as their disk drives die, or whatever. I cannot quantity this but it's certain to be happening. As the number of users rises the rate at which coins die, never to be resurrected, will surpass the quantity created via mining. Therefore the total quantity of BTC will begin to decline.

You've obviously never heard of hardware wallets like trezor. Nobody will be using software wallets in 12-18 months time. Won't eliminate "bitcoin loss" completely but will go a long way to reducing it. Might like to check how it works:

http://www.bitcointrezor.com/faq/

They will have several competitors in 2014. Everyone knows storing bitcoins on virus-infected PCs is a weakness of the current bitcoin ecosystem.

Those hardware wallets are cool of course, but why do you predict no one will be using software wallet 1 year later?

Because software wallets have a host of problems that hardware wallets solve. A hardware wallet is like a dedicated offline computer, which is exactly what people need to run safe wallets. I bet you 99.9% of software wallets running today are on computers connected to the Net. With software wallets, you have to constantly worry about malware / trojans / keyloggers etc.

The thought of losing / corrupting / having their wallet stolen puts lots of people off using bitcoins. And so it should.

Maybe the 1st Gen hardware wallets won't solve all security issues, but they will reduce bitcoin loss substantially.

As for price, it will be a very competitive market. There is no reason to think hardware wallets won't be knocking around for under $100 in 2014. Heck, you can build a functioning bitcoin ATM machine for a couple of hundred bucks. There is no reason for hardware wallets to be expensive.