On: Bitcoin falls from $266

[cpressey]

I wonder if the value would ever fall to precisely zero. Mightn't they still have value as a novelty or collector's item? Like, "Hey, a Bitcoin! I remember those... sure, I'll buy one, just to say I have one." It's unfortunate that you couldn't mount it in a decorative frame, though.

[DanBC → cpressey]

One guy made physical coins for bitcoin:

(https://www.casascius.com/)

[vyrotek → DanBC]

Indeed. My friend knows the man behind this. He owns another software company in Utah and gives his employees bonuses in BitCoin.

[nekgrim → DanBC]

or http://www.coinedbits.com/

[phreeza → cpressey]

At some point it would probably be easier to mine one, if the value and interest drops low enough.

[jdludlow → phreeza]

That's backwards. As the value approaches zero, the relative cost of mining grows not shrinks.

[entropy_ → jdludlow]

That's true, but as value drops, there is less incentive to mine bitcoin so there'll be a lot less mining going on(not cost-effective with respect to the cost of electricity).

[mynameisvlad → phreeza]

Unless we reach the mining gives you 0BTC limit.

[lwat → cpressey]

It will never fall to zero, I'll personally buy every last one of them at $0.0001 each.

[fnayr → lwat]

It would not make sense to buy EVERY one of them, as then you're guaranteeing they won't have value to anyone else.

[thatthatis → fnayr]

Once you own 50% can't you create fake transactions to transfer the rest of the BTC to yourself?

[lwat → thatthatis]

No you need 50% of the mining capacity, not the bitcoins

[jlgreco → fnayr]

Perhaps he sees minimal value in being the only person that has any.

[lwat → fnayr]

I don't care, I'll buy them all. I'd be the sole owner of a piece of internet history.