super computers
somebody just announced a supercomputer that hits 8 petaflops. which makes it the fastest super computer ever assembled. that's pretty incredible. in fact it's faster than the next three combined. damn huh? yeay, that's pretty yawn. the bitcoin community has dedicated a total of 125 petaflops to servicing this e-currency. that's more than the top 100 supercomputers in the world put together. damn. the currency still only has a $100 million market capitalization. but it's still pretty new. like just over a year old. it could crash. on the other hand, assume 1% of the world's trade would prefer to be under the big brother's radar. that's some $600 billion with a b. if bitcoins capture 0.1% of that... that's a $600 million valuation. ergo, bitcoins easily have room to appreciate by 6x. or... it could crash.