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For the value of bitcoins to go up the world at large has to have a reason to leave conventional currencies and jump to it.

When bitcoins become rare why won't someone else start a new bitcoin2? I think there's an asymptotic max price that can't be crossed.

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I've already started a bitcoin2 (actually it's called Bitcoin Prime).

The rules are as follows:

1. Every string of bits that is a bitcoin is also a Bitcoin Prime.

2. Currently I own all extant Bitcoins Prime, but I'm willing to sell them. Right now I am willing to sell them at a 50% discount relative to Bitcoins, so you can get twice the Bitcoins Prime for your US dollars.

You'd be an idiot to buy Bitcoin when you can buy Bitcoin Prime at half the price, right?

Do you take Bitcoin?

You should be asking if I take Bitcoin Double-Prime.

starting a new bitcoin is the best way to deflate bitcoins that I've encountered so far. What do you suspect the max price would be?

I don't know. The breakeven point would be where others start to jump in to take advantage of the high prices.

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