[spiderice]

That part made me chuckle.

> At the current ~$0.70 / bitcoin, this means that every American will be able to have ~$0.05 in his or her electronic wallet, once all bitcoins are generated. Assuming that the rest of the world does not participate at all and that bitcoins are evenly distributed.

> Sure, you could imagine an instant dollar-to-bitcoin-to-dollar conversion at the point of payment. Or you could imagine a bitcoin2.org that generates more coins. Or you could hope for a massive surge in the value of the bitcoin.

> I'd put my money on Paypal sticking around, though.

Even back that people pointed out the obvious flaw of Bitcoin remaining at $0.70. But I wonder if any of them believed it would be at $100,000 in 14 years

https://news.ycombinator.com/item?id=2407998