A question about BTC - page 2. | Bitcointalksearch.org

El Emperador

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Quote from: princesocapuyo on December 21, 2014, 02:39:46 AM

My question is, why was each BTC made to be worth so much? is it something about the way it's coded that doesn't let you make more BTC than the 21 million there are? would've it been possible for BTC to be valued like dollars or other currencies? I don't know so much about the technical system behind BTC so...

Thanks

Bitcoin couldn't be made to be worth so much in a specifical way. Anyway the fact that there will be a maximum of only 21 millions of units in the long period will determine a rise of its price, in relation with the increasing demand.

ikydesu

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Quote from: princesocapuyo on December 21, 2014, 02:39:46 AM

Hey people. Today I had a couple of dollars in my pocket, and I stopped to think how easy it is to work with dollars compared to BTC. I mean, you can count $25.1 really easily in units and cents, while with BTC you have to get the long decimal 0.07739. Of course this is not a problem for most people in these forums who work with BTC, but when BTC becomes viral (if it succeeds) it would be a little pain for common people to check their transactions like that...

My question is, why was each BTC made to be worth so much? is it something about the way it's coded that doesn't let you make more BTC than the 21 million there are? would've it been possible for BTC to be valued like dollars or other currencies? I don't know so much about the technical system behind BTC so...

Thanks

Yes bitcoin is worth and have a value like currency(indeed this is currency).
And 1 bitcoin is more valuable than 1 dollar Cheesy

Wusolini

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Quote from: princesocapuyo on December 21, 2014, 02:39:46 AM

Hey people. Today I had a couple of dollars in my pocket, and I stopped to think how easy it is to work with dollars compared to BTC. I mean, you can count $25.1 really easily in units and cents, while with BTC you have to get the long decimal 0.07739. Of course this is not a problem for most people in these forums who work with BTC, but when BTC becomes viral (if it succeeds) it would be a little pain for common people to check their transactions like that...

My question is, why was each BTC made to be worth so much? is it something about the way it's coded that doesn't let you make more BTC than the 21 million there are? would've it been possible for BTC to be valued like dollars or other currencies? I don't know so much about the technical system behind BTC so...

Thanks

Hi, try using miliBitcoins-mBTC) or microBitcoins-μBTC (microbitcoins are also known as BITs)

yes, max count of 21 million is given by the code but bitcoin price not .... price is affected by supply and demand like all other valuables.
Of course 21 million border has certain price impact also, but I think its minor now.

Farmer17

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Quote from: princesocapuyo on December 21, 2014, 02:39:46 AM

Hey people. Today I had a couple of dollars in my pocket, and I stopped to think how easy it is to work with dollars compared to BTC. I mean, you can count $25.1 really easily in units and cents, while with BTC you have to get the long decimal 0.07739. Of course this is not a problem for most people in these forums who work with BTC, but when BTC becomes viral (if it succeeds) it would be a little pain for common people to check their transactions like that...

My question is, why was each BTC made to be worth so much? is it something about the way it's coded that doesn't let you make more BTC than the 21 million there are? would've it been possible for BTC to be valued like dollars or other currencies? I don't know so much about the technical system behind BTC so...

Thanks

Bitcoin wasn't made to be worth so much, but the price is determined by demand and supply.

1 bitcoin was worth less than a cent a few years ago, and someone paid 10000 bitcoin for 2 pizzas.

princesocapuyo

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Hey people. Today I had a couple of dollars in my pocket, and I stopped to think how easy it is to work with dollars compared to BTC. I mean, you can count $25.1 really easily in units and cents, while with BTC you have to get the long decimal 0.07739. Of course this is not a problem for most people in these forums who work with BTC, but when BTC becomes viral (if it succeeds) it would be a little pain for common people to check their transactions like that...

My question is, why was each BTC made to be worth so much? is it something about the way it's coded that doesn't let you make more BTC than the 21 million there are? would've it been possible for BTC to be valued like dollars or other currencies? I don't know so much about the technical system behind BTC so...

Thanks

Topic: A question about BTC - page 2. (Read 1612 times)