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Re:For Sale: 29,656.51306529 Bitcoins by PeterisP on Thursday June 12, 2014 @07:24PM (#7886606)
My analogy doesn't seem flawed to me- that's exactly what I meant:

1. printing a billion dollars should be approximately just as [in]significant to USD supply as the 30k BTC to the BTC supply in circulation; that's why I said a billion, but not a million or a trillion;

2. market fluctions over/undershooting any corrections is reasonable, but not exaggerating them by multiple orders of magnitude - it may react to a 0.1% change as a 0.2% change, but not as 10% change;

3. a market that's "functioning properly" would be expected to correct for so huge overexaggerations - if some people get a little silly from time to time, then the market should (and would) take their money from them; but if most of the people get very silly frequently, then that's not a properly functioning market.

Re:For Sale: 29,656.51306529 Bitcoins by fancyketchup on Friday June 13, 2014 @05:05AM (#7887933)
Well, the sort of obvious explanation is that amount of BTC in active circulation is much smaller than bitcoin proponents claim.