Post
Topic
Board Bitcoin Discussion
Re: Bitcoins: designed to fail
by
Verse
on 26/09/2014, 23:53:18 UTC
I just want to point out that using wealth is illogical.

GDP = Income. Income is expressed in currency. Wealth is expressed in goods, like houses, which may be sold for Bitcoin but are not themselves Bitcoin.

Therefore Bitcoin's maximum value should be calculated using world GDP rather than world wealth. I'm not going to calculate, it's a vapid chain of thought.