Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

1 Bitcoin Worth 10 USD

bitcoincharts.com

Post reply on HN
Print view View original

1–10 of 134 posts

Re: 1 Bitcoin Worth 10 USD

#6

Post by Permit »

pizza wrote: post #4

This won't last; is a bitcoin at least as valuable as 10 USD for people who use BTC?

Most vendors simply convert their USD prices to BTC during the day so anyone who uses them gets ~10USD out of them for the time being.

Re: 1 Bitcoin Worth 10 USD

#7

Post by mrb »

pizza wrote: post #4

This won't last; is a bitcoin at least as valuable as 10 USD for people who use BTC?

As long as its crypto primitives remain secure (SHA-256, Elliptic Curve crypto, RIPEMD), if the Bitcoin economy continues to grow 5x, 10x, 20x, etc, then its value should increase 5x, 10x, 20x, etc, because there is a fixed number of coins available.

Both of these assumptions are likely. So I would say, yes, this exchange rate should last (of course there will be some bumps on the road, bubbles, crashes, etc).

Re: 1 Bitcoin Worth 10 USD

#8

Post by btdd »

pizza wrote: post #4

This won't last; is a bitcoin at least as valuable as 10 USD for people who use BTC?

SERIOUSLY, WHAT THE FUCK ARE YOU EVEN SAYING?

Who are you to make a claim as to if it will last or if it won't or how valuable bitcoins are.

>This won't last

We have no evidence to the contrary, and in fact, bitcoin being a deflationary currency by definition means it will likely increase in value and, what's more, if you look at the trend it has been increasing in value. If you were to use a single shred of logic then your conclusion would be "it might or might not last", but that's hardly a useful post.

>is a bitcoin at least as valuable as 10 USD for people who use BTC?

Well, since people are RIGHT NOW paying over 10 dollars for a bitcoin that indicates that yes, yes it is.

Seriously, this comment says nothing, provides no useful information, and is also probably wrong. It's one of the worse comments I've seen in my life. Please please please delete your account. Please don't buy a renewal for your internet connection. Please never interact with me, or anyone with an appreciable amount of intelligence, again.

Re: 1 Bitcoin Worth 10 USD

#9

Post by [deleted] »

btdd wrote: post #8
pizza wrote: post #4

This won't last; is a bitcoin at least as valuable as 10 USD for people who use BTC?

SERIOUSLY, WHAT THE FUCK ARE YOU EVEN SAYING? Who are you to make a claim as to if it will last or if it won't or how valuable bitcoins are. >This won't last We have no evidence to the contrary, and in fact, bitcoin being a deflationary currency by definition means it will likely increase in value and, what's more, if you look at the trend it has been increasing in value. If you were to use a single shred of logic th…

[deleted]

Re: 1 Bitcoin Worth 10 USD

#10

Post by mtgx »

mrb wrote: post #7
pizza wrote: post #4

This won't last; is a bitcoin at least as valuable as 10 USD for people who use BTC?

As long as its crypto primitives remain secure (SHA-256, Elliptic Curve crypto, RIPEMD), if the Bitcoin economy continues to grow 5x, 10x, 20x, etc, then its value should increase 5x, 10x, 20x, etc, because there is a fixed number of coins available. Both of these assumptions are likely. So I would say, yes, this exchange rate should last (of course there will be some bumps on the road, bubbles, crashes, etc).

That's exactly how it should grow - in relation to the growth of the economy. But I worry all these posts about the latest Bitcoin price will push it again on the speculation train.
Post reply on HN