Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SPA] SpainCoin: freedom for Spain, LAUNCHED!
by
niothor
on 13/03/2014, 08:22:51 UTC
1SPA should be 1.5 to 3 BTC.  GDP of Spain is 1.35 Trillion USD while Iceland is only 14 Billion USD.

Hey I will sell you SPA coins for 0.5 BTC each so you can make much profit

Its a great deal for you, please contact me

 Grin

I predicted the value of Aurora to be 70 USD in another forum.  In fact Aurora touched 96 USD.  Now let me give you some facts.  The currency circulation of one country is about 6% of GDP. See this http://jerrykhachoyan.com/currency-in-circulation-as-a-percent-of-gdp/.  In 2012 GDP of Spain is 1.35 Trillion USD. See this http://en.wikipedia.org/wiki/Economy_of_Spain.  That means 6% of 1.35 Billion is 81Billion USD. If for example we just use 30% because Spain still have its own Fiat money in circulation now, that means 24.3 Billion USD.  Now divide that by 50Million coins. You will come up with 486 USD or .78 BTC. Now in the future if all will use this currency that means the value should be 81Billion divided by 50M coins which is 1620USD or 2.6 BTC at currenct exchange rate.

Since Spaincoin represts only Spain and Bitcoin is aimed for the world...
Spaincoin should be valued at 1/54 BTC Smiley