Sunday, December 29, 2013

How much will a Bitcoin eventually be worth?

Bitcoin is the future of money.  No question.

Once the exchange rate settles down, and people realise they can make transactions without having to pay a bank or credit card company for the pleasure of pulsing some electrons down a wire, then it will be fait-acompli for the currency.

It is described as "deflationary", however this is only the case because the exchange rate against the fiat currencies is rising, so it appears so.  Once there is stability it will no longer appear deflationary.

They will then might also realise that they cannot be screwed over by their government by money printing.

So I've been thinking what will the eventual exchange rate be?

According to this Wiki article http://en.wikipedia.org/wiki/Circulation_(currency)  there was 4 trillion in circulation in 2008,  it is now 2013 and there has been a lot of money printing by the central banks so I'm guessing (I can't find any up-to-date figures) but say there is 8 trillion USD equivalent circulating now.

There is a hard limit on bitcoins of 21 million.

So simply divide one by the other:   8 Trillion divided by 21 Million.

8,000,000,000,000 / 21,000,000 =  380952.38

My estimate therefore is (at today's prices) that 1 Bitcoin will reach 380 thousand US Dollars.

So 1 bitcoin will be able to buy you something like this:

Photo: 1502 Manitou Blvd,Colorado Springs,
Colorado

1502 Manitou Blvd
Colorado Springs, Colorado

$381,000 List Price
$381,000 Converted Price *
Bedrooms
Bathrooms
4,129 Sq. Ft
40,511 Sq. Ft Lot Size


















Taken today from http://www.realtor.com/international/rdc/listing-detail/1502-Manitou-Blvd_Colorado-Springs_CO_80904_2170380371

Better get mining eh?  It would be great if a country decided to trash their currency and move completely to Bitcoin.  Maybe a country that is considering trashing all their notes, or a currency in trouble?

Now to the caveats:

1) Bitcoin is easily copiable.  E.g.  The US Government could easily say we only accept US-Bitcoins and prevent anyone else mining them.   Still not a bad outcome as all the banks are put out of business.

2) Bitcoin flaws could still be detected.

Tuesday, August 20, 2013

Nottingham Victoria Railway Station

Reading this article and the section on St Pancras I am reminded of another, albeit much smaller, station that appears to be architected in a similar style.  That is of my old University town of Nottingham.

 

I used to see the Viccy centre clock town and often would use it as a navigation point for meeting people or directions etc, however never realising that is was once part of a magnificent station.  Only now many years later did I read the truth.

 

How short-sighted, or ignorant, or both could the town planners, councillors etc. been from the 60s and 70s?   I think, damn the expense, we should knock down completely hideous disasters like the Victoria Centre and rebuild brick for brick only buildings like this.    The Germans have beautified many of their cities.   It works well for American and Japanese tourists, and with minor adjustments could make our City centres more livable places again.

 

Here are a couple of pictures showing the before and after results of Nottingham Victoria…

 

http://www.railwayarchive.org.uk/stories/pages.php?enum=LE129&pnum=3&maxp=3

 

http://homepage.ntlworld.com/nick.willis/1961/index.html

 

Saturday, August 3, 2013

Kids, LCD screens and Wii

If you have a seven year old boy, and a Wii my recommendation is that you mount the screen far away from him. Or your beautiful LCD display might look like mine very soon.

Sent from my Windows Phone

Tuesday, April 9, 2013

Foods and their Proteins, Fats and Sugars - In catalan.


Just been to the quacks.  Cholesterol and Triglycerides high.  Glucose at limit.  So thats the end.  40 years of eating what I want are over.

Wednesday, March 20, 2013

Comparison on BonArea and Pyrenees


So recently 'belle and I came back from Tarragona on our own.  It was quite hard for 'belle as we've had the same videos in the car for a while, and I could hear her sign heavily within about 45 mins.

We got as far as Guissona and I saw that the lights at BonArea were on.  So I figured a break was probably a good idea, although it was getting late.

The restaurant section was open, as was about half of the main shop.  There was a curtain placed what seem arbitrarily across the middle of the store.  In the UK we used have a similar thing when Sunday opening, but the supermarkets weren't allowed to sell booze.  But I could see all kinds of things behind the curtain, like cleaning products etc, things that certainly wouldn't come under any religious ban.  Anyway...

I kept the receipt and then some time later I went round the Pyrenees.  Bit of an unfair comparison I guess as we 20mins away from the Pyrenees and 2hrs from BonArea. Saying that there is a BonArea in La Vella and it has less product range, but identical prices.


BonArea2013


Bon Area Pyrenees % Increase Comments  
             
Oli Oliva Bon Area 1L 3.23 Carbonell Oli D'Olivia 3.69 14%

 

WP_001954
Galeta Xocolate 0.94 Cote D'Or 1.95 107% Much bigger brand, but the BonAreas did taste nice need to compare. WP_001953
Llet Sencera 0.57 Puleva Calci 1.22 86% This one is semi-skimmed but I don't think there was a price difference. WP_001955
Paper Alumini 30m 1.44 Videla Paper Alumini 2.68 86%   WP_001958
Nectar de Taronja 0.72 "Ready" Zumo de naraja 0.79 9.7%   WP_001972
Ous L Dotzena 1.22 Deu Ou L Rectractil 2.15 76%   WP_001962
Plantan Importac (per Kg) 0.97 Banana "Cabendish" Costa Rica (per Kg) 1.85 90%   WP_001967
Pistatxos 200g 1.95 Manazanares 175g 3.24 66% Less quanity. The BonArea ones weren´t the best ever. Need to compare. WP_001961
Tomaquet Cherry 0.53          
Enciam Iceberg 0.75 Enciam Iceberg 0.95 26.6%   WP_001965
Xoc amb llet Bonarea 150g 0.59 Casino Xoco Blanc 1.45 145% Need to taste compare. WP_001959
Mandarina 2kg 2.04 Taronja (was mandarins) 2K 2.75 34%   WP_001964
Albergina (per Kg) 0.70 Albergina (per Kg) 3.95 464% WHAT! WP_001966
Fromatge Porcions 0.95 Vaca qui rit 1,69 77% Taste test proved in favour of brand. However big difference in price. WP_001963

Tuesday, March 5, 2013

Short phone numbers Hall of Shame

Another common problem on the Internet I have often encountered (in addition to the apostrophe problem with my name) is web forms not accepting the very short phone numbers we have in Andorra, which is where I live.

So often the process of form filling is fraught with difficulties. Lots of times have I filled in forms only to find that the final step, maybe activation via SMS or phone call has failed.

So like my other Hall of Shame I get to let off steam by posting the failing websites addresses here.  First off a big one.  Twitter.


1)  Twitter does not accept short phone numbers for its "add mobile to account" form.


2) They even auto-detect my IP and give me STA Andorra Telecom (The only phone company) as a choice e.g. https://twitter.com/settings/devices?carrier_name=Andorra+Telecom   but lo and behold the short number still does not work.