The Target Value for Bitcoin is $100K to $1M

Re:The Target Value for Bitcoin is $100K to $1M by DanBlake on Wednesday March 06, 2013 @02:57AM (#5329970)

Just that the masses currently agree that bitcoin is 'the' current p2p currency. Nothing would stop the US Gov (or walmart!) from making/publicizing its own bitcoin competitor which would instantly, immediately, crush bitcoin. (Why use bitcoin when you can use usgovcoin, all other things being equal)

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Re:The Target Value for Bitcoin is $100K to $1M by ccozan on Wednesday March 06, 2013 @03:04AM (#5329987)

So my bitcoin-based new business will depend on a popularity contest??

I believe more in a energy-bound trading value for the future, much like the petro-dollar. Why not solar-coins, based on the value of solar energy ( GWh based ) traded on the markets? We all consume energy, right?

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Re:The Target Value for Bitcoin is $100K to $1M by scotty79 on Wednesday March 06, 2013 @04:00AM (#5330200)

All your web business depends on popularity of HTTP.

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Re:The Target Value for Bitcoin is $100K to $1M by quorn3000 on Wednesday March 06, 2013 @03:20AM (#5330040)

bitcoin has a global appeal, which usgovcoin wouldn't have.

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Re:The Target Value for Bitcoin is $100K to $1M by DanBlake on Wednesday March 06, 2013 @03:26AM (#5330063)

Maybe a walmartcoin then. Nothing like buying sporting goods with p2p currency. I think it would do pretty well!

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Re:The Target Value for Bitcoin is $100K to $1M by dworrad on Wednesday March 06, 2013 @07:30AM (#5330790)

In one word... Trust.

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