Calculating The Long-Term Value Of A Bitcoin
Editor’s note: Joshua Seims is an angel investor and entrepreneur based in San Francisco. He is currently building a company that provides secure storage of bitcoins. Follow him on Twitter @jseims.
A big question that’s debated in the Bitcoin community is “How much will Bitcoins be worth in the long term”.
Here’s how I approach this question. First, I agree with the common sentiment that in 10 years, bitcoins will either be worth nothing, or a lot more than they are now — there is no middle ground.
Arguments on the side that Bitcoin will succeed include: it’s incredibly viral — once you start using it, you want to use it as much as possible; you can use it to protect your wealth from government seizure, which is a big deal in many parts of the world; it has lots of great properties — negligible transaction fees, no regulatory contraints, anonymity…
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