Quote from: MNDan on July 18, 2014, 04:21:30 PM

Quote from: giveBTCpls on July 18, 2014, 02:32:02 PM

Quote from: manfred on July 18, 2014, 10:04:48 AM

Quote from: giveBTCpls on July 18, 2014, 09:32:29 AM

Quote from: rpietila on July 17, 2014, 09:24:47 PM

http://imgur.com/TYsKlqZ

Meanwhile in spain: Unemployed, barely can pay bills, my pet is sick to boot. On top of that: I learned about Bitcoin back in 2009 but didn't invest because it was always linked to criminal activity so didn't look into it, as a result, I see it on mainstream news 4 years later about how it went to 700 dollar a coin. Thank you Bitcoin for making me suicidal for life.

A lot of people have some heartbreak stories including myself, loosing 111 bitcoins for not taking proper care of them, but the bottom line is bitcoins are still cheap. Look at the microsoft price where it was after 5 years, $1 on beginning of 1991

But Bitcoin has already reached Gold-tier prices... can you really compare that graph to Bitcoin? What you are suggesting is Bitcoin has barely seen a rise in price yet compared to what's to come. I think this is plain insane and inceptions my mind. How could a single unit of something be so valuable? If we scalate your graph to Bitcoin what you are saying is that these stories about Bitcoin reaching 100K dollars will become true. I think this is plain nuts and delusional. How could a single BTC have the purchasing power of 100K dollars? Of course, it could always mean that Bitcoin goes to 100K and dollar decreases to the point 100K have the purchasing power of 10K... what im saying is, if what you say is right and taking into account the dollar doesn't collapse, and taking as a reference the current dollar purchasing power, one single BTC in that supossed future of yours would mean it can buy you a house. I don't really thing this is possible. How absurdly rich would be the guys that mined at the very early stages or invested when it was worth peanuts, and now have shit tons of BTC? They would become the new Rothchilds. That's just too nuts.

Someone needs to take a brief course on decimal points and how they can be used to divide up large things. Roll Eyes

+1

There are currently about 1.3 quadrillion units of BTC. Each one can be used as a unit of account, bit of currency, speculative investment, etc. Some services already have options to display account balances in mBTC. However, we need more services to implement such features as the default display for laypeople who might have a hard time understanding this concept.

The early miners will not become the Rothschilds. There are too many early miners and they have all sold or spent BTC along the way. BTC wealth distribution is more equal than fiat distribution, and there is still more to be distributed, more than 30% actually.