Bitcoin and everything associated with it. The home of cryptomaniacs and their adversaries. - page 138

 
sergeev:

how much should 1 bit essentially equal?

About $100k, which is a conservative estimate.
 
TheXpert:
About $100k based on a fairly conservative estimate.
Well, that's not the right way to look at it.
 
TheXpert:


Almost.

in shorts about where I am )
 

here is some information from the wiki

As of 30 September 2006 , there were $971 billion 922 million 146,480 worth of banknotes and coins in the world

to roughly 1e13

that's 1e13/21e6 = $500K

:)

 
sanyooooook:
All right, give me the bitcoin address, I'll transfer it to a half and a half.)
Samuel Adams' Utopias Roughly about a buck and a half
 

which means 2 bits should equal $1 billion.

That's not counting the fact that the bitcoin is a cross-national currency, and not only quid should be counted, but also goods of other countries.

Probably a staggering sum then.

----

Andrey, how much bitcoins do you have?

Maybe you are a billionaire?

 
Yoschik:
Samuel Adams' Utopias Roughly about half a beat

heh, you'll be fine with the baltiqa.)

go install your wallet for now )

 
sanyooooook:
That's not the right way to count.

Don't tell me how to count) you're confusing the bit with the payment card.

sergeev:

maybe you are a billionaire?

Nah, I'm modest :) I spend too much on experiments.
 
sanyooooook:
That's not the right way to look at it.

It depends on what it is used for. If we believe (it is impossible) that the bitcoin will become the world's only currency, we may calculate it that way.

That is, the bitcoin equals the value of something worth $500K (remember, the dollar is gone).

 
TheXpert:
Don't tell me how to count ) you're confusing bitcoin with payment system in general.

you're euphoric too, it's time to flush ))

I'm not confused, but as long as you can't buy basic necessities at your local village shop with bitcoins

it'll be a payment system, and for me it's just a way to play around )