Author Topic: Today 10 years ago, Bitcoin can go to 10 million Dollars one day!  (Read 31 times)

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The Bitcoin Blockchain was only a week old when Hal Finney, who was one of the Bitcoin pioneers together with Satoshi Nakamoto, In a private e-mail to Satoshi Nakamoto wrote that Bitcoin one day cut have a value of $10.000.000 for one Bitcoin.

There is no timeframe for that prediction and Bitcoins are still very far away from being that dominant payment system in the world  Hal Finney was dreaming about. But Hal Finney cut really see the potential for Bitcoins as a store of wealth and as a payment system for a decentralizes future, before anybody else.

"Hal Finney" Sun, 11 Jan 2009 10:22:14 -0800

"As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world.  Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.

So the possibility of generating coins today with a few cents of compute
time may be quite a good bet, with a payoff of something like 100 million
to 1! Even if the odds of Bitcoin succeeding to this degree are slim,
are they really 100 million to one against? Something to think about...