Quote from: WynX on February 15, 2014, 10:04:25 AM

Yeah thats right, appreciation in fiat would happen. Maybe there is no difference whatever currency we're looking at. If you buy a house of $500.000 now, and bitcoin adoption *happens* (lets say 15 year), you can sell the house for either 5BTC or $2.000.000. Wealth is preserved then.
However I still can't get my head around the 'new' to be notorious bitcoin ultra-rich just being added to the pool of rich people just out of thin air, it must come from somewhere. If I have the 5BTC now and hold them, I would be able to buy your house in 15 years, while currently it's almost worth nothing (lolz...well getting close).

Obviously, it can come from new real wealth being created through the economy expansion (bitcoin or dollar is not actually relevant here). Without bitcoin, this would necessitate the fiat money supply growth; with bitcoin, this is no longer necessary (otherwise, it would cause devaluation of the fiat currency). If we don't expect the economic growth to fill bitcoin with real wealth, then, no, you won't be able to buy anything with it in however significant amounts, despite its apparent market cap or exchange rate...