How big could bit coin really be if integrated into the browser and adopted by all the users on the internet.

Now just pause a moment internet did not exist before 1991 for most of us. Major inventions in the physical world weather they be the combustion engine, the car, the phone, the plane took many decades to be adopted on a mass scale they did not really benefit from the internet any viral effect tended to be spread by TV and radio and newspapers.

Now we have the internet the number of users on the internet is currently 2.4 billion which is 34% of the world population.

Now just pause a moment and think about the speed of adoption of some recent software innovations like skype, face book or twitter.

Twitter Monthly Users

The viral network effect for face book to reach over 1 billion active users per quarter was 5 years.


Now pause a moment and lets take a look at money supply M2

Bit coin is destined to supplant these behemoths, it is automobile in a transportation saturated by horse breeders.!!!

"Now the advent of the Information Age implies another revolution in the character of money. As cybercommerce begins, it will lead inevitably to cybermoney. This new form of money will reset the odds, reducing the capacity of the world's nation-states to determine who becomes a Sovereign Individual. A crucial part of this change will come about because of the effect of information technology in liberating the holders of wealth from expropriation through inflation. Soon, you will pay for almost any transaction over the Net or World Wide Web at the same time you place it, using cybercash.

This new digital form of money is destined to play a pivotal role in cybercommerce. It will consist of encrypted sequences of multihundred-digit prime numbers. Unique, anonymous, and verifiable, this money will accommodate the largest transactions. It will also be divisible in to the tiniest fraction of value. It will be tradable at a keystroke in a multitrillion-dollar wholesale market without borders." (The Sovereign Individual)

Current payment systems simply can’t compete with bitcoin’s fees, security and convenience.  Why spend hundreds of thousands of dollars on bank fees per year and lose hair as money transfers bounce from bank to bank during a wire transfer sometimes taking days to reach its destination, when it can clear within minutes and for mere pennies?  As a currency, no sovereign can match it.  As a payment system, no financial institution can compete with it.  As a distributed network, no government can stop it.

Therein lays the real power of bitcoin; by granting individual businesses the ability to instantly settle international transactions the creative destruction of the marketplace has obliterated the hold that banks have over these long-distance payments through the SWIFT, TIPANET or any of the dozens of RTGS networks around the world.  As adoption of bitcoin grows, it will displace more and more of the global M2 supply and, consequently, grow exponentially in value.  Below you will see the value of bitcoin in today’s dollars should it expand to a certain portion of the whole of M2.  For convenience, I’ve also put in the fractional units of bitcoin; milli and microbitcoins as you will soon be denominating bitcoin transactions in that manner so best to start familiarizing yourself with them now.

Some of these numbers may seem crazy, but they don’t lie. Keep in mind that if a 25% share seems optimistically high to you, remember that China currently holds a 27.8% share of global M2 and they got there in a relatively short time span.

Banks should not fight this transition. They should however sack anyone older than 30 or who is not part of the internet generation or they will go the way of dinosaurs. 

Their core operations as borrowing and lending centers will remain unmolested by the expansion of the new Bitcoin economy. There is much they can do to capitalize on it as well as further its implementation. By granting BTC-denominated letters of credit, providing escrow services, integrating Bitcoin wallet software in to their online portals and connecting Bitcoin to existing capital markets, banks could bring new profits in to their traditional lines of business. There is a very bright future ahead indeed for Bitcoin and for us all.

Pause for another moment if bticoin takes 1% of M2 it would have a value of $52,942.81 per bit coin current at $850.00 

Now sit down if bitcoin takes 25% of M2 it would have a value of $1,323,570.36

10,000 bit coins would have a value of $1.3b

The question is with the internet penetration we now have will this take 12 months , 36 months or 60 months???

10,000 bit coins 1 year ago would have cost you  $56k