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Hi Kelly,<br>
<br>
That is interesting to see this max valuation, but I think the
leading crypto currency could go way beyond this, simply because
of the hording factor. USD is a very poor investment, because of
inflation, and is only used because of it's safety. Also, China
hoards it so they can keep their exchange rates low, but that is a
different story, and they are about to pay for that Bigtime. But
people will want to hoard and invest in Bitcoin, much more so than
USD, simply because it will be a significantly better investment.<br>
<br>
Many People still think that Bitcoin is way more risky, so will
stay in USD for way to long. But volatility does not equal risk.
If, every Bitcoin valuation valey is an order of magnitude higher
than the previous one, in less than a year, and if Bitcoin has
less chance of default than USD, it is a way safer AND a way
better investment by any measure except volatility. People just
still place too much value on stability, and they will pay for
such dearly. Not smart.<br>
<br>
Brent Allsop<br>
<br>
<br>
<br>
<br>
On 12/18/2013 12:02 AM, Kelly Anderson wrote:<br>
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<blockquote
cite="mid:CAPy8RwZ55=d_=4g1MjxFw8frOjrWi5mp0_dL3rO0dJjj=S_nTw@mail.gmail.com"
type="cite">
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<div class="gmail_quote">On Tue, Dec 17, 2013 at 3:35 AM,
Brent Allsop <span dir="ltr"><<a moz-do-not-send="true"
href="mailto:brent.allsop@canonizer.com" target="_blank">brent.allsop@canonizer.com</a>></span>
wrote:<br>
<blockquote class="gmail_quote" style="margin:0px 0px 0px
0.8ex;border-left-width:1px;border-left-color:rgb(204,204,204);border-left-style:solid;padding-left:1ex">
Predicted Crypto Currency End Game<br>
<br>
<a moz-do-not-send="true"
href="https://docs.google.com/document/d/1G2NaqU2ut1yZOd-AT9an6OPlGZJMVGvr214JWtJ373k/edit?usp=sharing"
target="_blank">https://docs.google.com/document/d/1G2NaqU2ut1yZOd-AT9an6OPlGZJMVGvr214JWtJ373k/edit?usp=sharing</a><br>
<br>
</blockquote>
<div><br>
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<div>I agree that Bitcoin is highly likely to increase in
value exponentially at something close to the current rate
until the market cap of Bitcoin approaches somewhere
between 1 and 10 trillion dollars. The upper limit in my
mind is set by the fact that you don't need more money
than that to do the kinds of online transactions that
Bitcoin is good for. </div>
<div><br>
</div>
<div>Quoting from HowStuffWorks</div>
<div><span
style="color:rgb(51,51,51);font-family:arial,helvetica,clean,sans-serif;font-size:13px;line-height:20px">"All
told, anyone looking for all of the U.S. dollars in the
world in July 2013 could expect to find approximately
$10.5 trillion in existence, using the M2 money supply
definition. If you just want to count actual notes and
coins, there are about U.S. $1.2 trillion floating
around the globe."</span><br>
</div>
<div><span
style="color:rgb(51,51,51);font-family:arial,helvetica,clean,sans-serif;font-size:13px;line-height:20px"><br>
</span></div>
<div><span
style="color:rgb(51,51,51);font-family:arial,helvetica,clean,sans-serif;font-size:13px;line-height:20px">So
if we suppose that Bitcoin replaces the US dollar
ENTIRELY, we won't need much more than 10 trillion
(current value) dollars worth in order to transact
business.</span></div>
<div><span
style="color:rgb(51,51,51);font-family:arial,helvetica,clean,sans-serif;font-size:13px;line-height:20px"><br>
</span></div>
<div><span
style="color:rgb(51,51,51);font-family:arial,helvetica,clean,sans-serif;font-size:13px;line-height:20px">So
I predict as Bitcoin market cap exceeds 1 trillion
dollars it will have grown into its usefulness, and the
need for exponential growth in value will stop because
you'll be able to buy EVERYTHING that exists with the
then extant Bitcoin. There is absolutely NO POINT to
having more money than stuff to buy.</span></div>
<div><span
style="color:rgb(51,51,51);font-family:arial,helvetica,clean,sans-serif;font-size:13px;line-height:20px"><br>
</span></div>
<div><span
style="color:rgb(51,51,51);font-family:arial,helvetica,clean,sans-serif;font-size:13px;line-height:20px">So
I agree up to a point, but I don't think the economy of
the world will support a market cap of 100 trillion
dollars. I'd love to hear your argument against this
Brent, assuming you have one.</span></div>
<div><br>
</div>
<div>-Kelly</div>
<div><br>
</div>
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