[ExI] "Law of the Crypto Coin" proven by new data point?

[Tomasz Rola]

On Tue, 17 Dec 2013, Mirco Romanato wrote:

> Il 17/12/2013 17:33, Tomasz Rola ha scritto:
> 
> > If anyone seriously considers there will be time (say, a year or three 
> > from now) when current US debt could be paid off by sum of 14BTC (or make 
> > it 1400 if you will) donated by some benevolent owner, I'd like to hear 
> > about it. I'm not ruling this out completely, but it sounds rather 
> > ridiculous to me, right now.
> 
> Who would had think one loaf of bread in 1923 Wiemar would be worth more
> Marks than all Marks existing in 1919?
> 
> I'm not in the "Law of Bitcoin" camp, but what you say happened before
> already.

I consider hyperinflation an extreme case. In such case, perhaps one could 
have paid current US debt by selling some well located 5-bedroom house (or 
a loaf of bread). If "Law of Bitcoin" requires extreme cases to work, I am 
not going to invest in this. Outcomes of extremes are too unpredictable 
and I don't like it. Extremes do happen from time to time, but I don't 
want to make bets based on some extreme going to happen.

Regards,
Tomasz Rola

--
** A C programmer asked whether computer had Buddha's nature.      **
** As the answer, master did "rm -rif" on the programmer's home    **
** directory. And then the C programmer became enlightened...      **
**                                                                 **
** Tomasz Rola          mailto:tomasz_rola at bigfoot.com             **