Jump to content
The World News Media

Late Hal Finney Predicted $10 Million Per BTC After Satoshi Release


Recommended Posts

  • Member

    Hello guest!

After congratulating Satoshi on the launch of the Bitcoin 0.1, Hal Finney wrote as part of what he termed an ‘amusing thought experiment,’

Imagine that Bitcoin is successful and becomes the dominant payment system in use throughout the world. Then the total value of the currency should be equal to the total value of all the wealth in the world.

Putting numbers into perspective, Hal Finney added,

Current estimates of total worldwide household wealth that I have found range from $300 trillion to $100 trillion. With 20 million coins, that gives each coin a value of about $10 million.

" Either way, the now-deceased genius programmer although at that point saw Bitcoin’s potential, may not have believed it would reach its current level of success for he also said in that email that the chance of Bitcoin succeeding was ‘very slim.’ "

Link to post
Share on other sites

  • Views 130
  • Replies 0
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic





×
×
  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.