Post
Topic
Board Speculation
Re: Nobody owns any bitcoin (well basically nobody!)
by
danielW
on 05/06/2014, 22:19:44 UTC
People look at the price which seems very high compared to the things they are used to, i.e. shares, other currencies.

But thats totally irrelevant, its just a question of decimal places, an arbitrary decision by Satoshi of how many bitcoins there will be.


What matters is the market capitalisation which is tiny in the global scale of things.

Bitcoin could go to $10 000 just on the back of geeks and libertarians worldwide.


btw.

I went to my local hackerspace and from the ten people there most knew a bit about bitcoin but I dont think they owned any  and did not seem too interested. They had not caught the bug yet. I was a bit disappointed tbh.