Bitcoin Hits $1 Billion

#1

Post by sangfroid » Fri, Mar 29, 2013, 4:12 PM UTC

Bitcoin Hits $1 Billion
spectrum.ieee.org

Re: Bitcoin Hits $1 Billion

#2

Post by jstalin » Fri, Mar 29, 2013, 4:28 PM UTC

That article is incorrect, it says there are 109,000 BTC in circulation. It's more like 11 million.

http://bitcoincharts.com/bitcoin/

Re: Bitcoin Hits $1 Billion

#3

Post by Alphasite_ » Fri, Mar 29, 2013, 4:31 PM UTC

jstalin wrote: post #2

That article is incorrect, it says there are 109,000 BTC in circulation. It's more like 11 million. http://bitcoincharts.com/bitcoin/

I think he meant this figure "1,019,672,546 USD".

Re: Bitcoin Hits $1 Billion

#4

Post by andrewljohnson » Fri, Mar 29, 2013, 4:32 PM UTC

jstalin wrote: post #2

That article is incorrect, it says there are 109,000 BTC in circulation. It's more like 11 million. http://bitcoincharts.com/bitcoin/

Correct, about half of all bitcoins have been mined, 11 million to go!

I wish someone would make a drop in widget for me to sell android apps for bitcoins and PayPal on my website.

Re: Bitcoin Hits $1 Billion

#5

Post by niggler » Fri, Mar 29, 2013, 4:35 PM UTC

Anyone have statistics on the total size of BTC transactions? Has BTC 1B in trade occurred yet?

Re: Bitcoin Hits $1 Billion

#6

Post by psycr » Fri, Mar 29, 2013, 4:37 PM UTC

I particularly enjoyed this line:

"For a bit of perspective, that's how much Facebook spent on its acquisition of Instagram last April."

Some might argue that the comparison employed distinctly encourages a lack of perspective.

Re: Bitcoin Hits $1 Billion

#7

Post by [deleted] » Fri, Mar 29, 2013, 4:38 PM UTC

[deleted]

Re: Bitcoin Hits $1 Billion

#8

Post by VMG » Fri, Mar 29, 2013, 4:42 PM UTC

niggler wrote: post #5

Anyone have statistics on the total size of BTC transactions? Has BTC 1B in trade occurred yet?

There are all kinds of charts under http://blockchain.info/. I guess it would be possible deduce a trade that occurred at a price that put the value over $1B but that depends on your exact definition.

Also the valuation might go over and under $1B multiple times in the future.