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Topic: Alt killer (drop Bitcoin to satoshi) - page 2. (Read 756 times)

sr. member
Activity: 404
Merit: 253
August 15, 2017, 11:15:35 PM
#11
I'm very bullish on BTC but what you're saying here isn't really true. satoshi obviously hasn't provided 1000x returns like Ethereum, the thing is that Ethereum is an extreme outlier among altcoins.

That's hilarious, how long have you been around!? At one point someone spent what 10,000 BITCOINS on a pizza! On this board there's a thread where someone is trying to sell a picture they drew to Satoshi for what is now 2 Million dollars worth of Bitcoin!

You realize a short while ago Bitcoin was nearly worthless right? Etherium started out around 10 cents each, how much was a bitcoin when a pizza cost 10,000 Bitcoins? The satoshi has absolutely appreciated MORE than 1000x by a lot! The Satoshi has appreciated as percentage exactly as much as bitcoin going from extreme fractions of a cent per Bitcoin to $4,000!

By comparison Ether started really high and hasn't appreciated as much. The cost of that pizza put the price of Bitcoin around 1/10 of a cent at the time.
full member
Activity: 140
Merit: 100
Snip CEO
August 15, 2017, 10:50:27 PM
#10
I'm very bullish on BTC but what you're saying here isn't really true. satoshi obviously hasn't provided 1000x returns like Ethereum, the thing is that Ethereum is an extreme outlier among altcoins.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
August 15, 2017, 10:24:37 PM
#9
i always like this proposal not just because of the "psychological" stuff and for getting more people to invest, but i like it mostly because it reminds people that there are smaller units than 1 whole bitcoin and you can buy them.

in this particular case it is like gold! your only option in buying gold is not a 12.4 kg (438.9 ounces) gold bar! you can in fact buy smaller amounts, 1 gr, ... are also an option.

Except the fact that gold is very hard to break down physically whereas Bitcoin is easy. Wink
well going to your logic maybe as of now yes bitcoin still possible to be break if something really bad news forces it to break out unlike gold which physically you need some equipment to crash it but time will come when stability and full support coming from adoption comes bitcoin will be much harder than anything.
sr. member
Activity: 490
Merit: 255
August 15, 2017, 09:57:42 PM
#8
i always like this proposal not just because of the "psychological" stuff and for getting more people to invest, but i like it mostly because it reminds people that there are smaller units than 1 whole bitcoin and you can buy them.

in this particular case it is like gold! your only option in buying gold is not a 12.4 kg (438.9 ounces) gold bar! you can in fact buy smaller amounts, 1 gr, ... are also an option.

Except the fact that gold is very hard to break down physically whereas Bitcoin is easy. Wink
legendary
Activity: 3472
Merit: 10611
August 15, 2017, 09:47:50 PM
#7
i always like this proposal not just because of the "psychological" stuff and for getting more people to invest, but i like it mostly because it reminds people that there are smaller units than 1 whole bitcoin and you can buy them.

in this particular case it is like gold! your only option in buying gold is not a 12.4 kg (438.9 ounces) gold bar! you can in fact buy smaller amounts, 1 gr, ... are also an option.
sr. member
Activity: 404
Merit: 253
August 15, 2017, 09:33:57 PM
#6
This dead horse has already been beat into hamburger, eaten, cropped out, eaten by flies and turned white at this point. If your moron friends can't figure out that a bitcoin can be divided to 8 decimal places how would you expect them to be smart enough to hold their own money? If googling is hard for them I'd hate to see what their struggles in life are. Grocery shopping must be like calculus to them.

Yea so that's the thing. He's just finishing up a PHD in Bioinformatics. (so half comp-sci half Biology) That's why I realize it's just a strange social psychology. Just like my wife's farmer parents who wont buy 'expensive' stocks. Folks just see high prices and think something can't get much higher because it 'feels weird'

Right now if you had a Satoshi exchange (and coinmarketcap etc) you could buy 25000 Satoshis for 1$. For whatever reason that's exciting to people, your wallet would show amounts also in Satoshis. Yes it seems like 'financial engineering' and is to some degree but I can promise you people are turning their backs because no matter how you slice it a $4,000 or $10,000 bitcoin doesn't fit well with our idea of currency. Our highest denomination in the US is 100$!

But yes I know for the folks that live and breath Bitcoin, a lot understand the rarity but honestly it's not really spelled out in most places. You have to really give a shit to start turning the wheels and realize, wait a bitcoin should and will be a fortune someday!
U2
hero member
Activity: 676
Merit: 503
I used to be indecisive, but now I'm not sure...
August 15, 2017, 09:30:10 PM
#5
This dead horse has already been beat into hamburger, eaten, cropped out, eaten by flies and turned white at this point. If your moron friends can't figure out that a bitcoin can be divided to 8 decimal places how would you expect them to be smart enough to hold their own money? If googling is hard for them I'd hate to see what their struggles in life are. Grocery shopping must be like calculus to them.
sr. member
Activity: 588
Merit: 250
August 15, 2017, 09:28:48 PM
#4
There seems to be this odd psychology at work where folks think there are 'cheap' tokens and expensive tokens. It would be amazing if they just started reporting a new kid on the block, the Satoshi, you can buy one for .00004 cents and some day they might be worth 10 cents or a dollar who knows.

You could see the history of the satoshi and while it was once very cheap and has appreciated more than anything else, it's still insanely cheap! You can buy millions for next to nothing! I have this strange suspicion that if coinmarketcap did this and a lot of the exchanges folks, folks would start buying like mad. As soon as I introduce someone to bitcoin their first thought is, "yes but it's so expensive can I just buy a cheaper alt?"

Clearly bitcoin doesn't have to change, just the reporting of it's total numbers and the value. That's it.

I am all for starting to use the term Satoshi instead of mBTC or Bits, as some are proposing.

Don't get me wrong, I think Bits is alright (not mBTC so much, though), but Satoshis just makes so much more sense.
sr. member
Activity: 404
Merit: 253
August 15, 2017, 09:24:46 PM
#3
You could almost launch it like it was a completely new project. Create a website, show the price movement of the satoshi, show how cheap it is. Then make some comparisons from the number of existing grams of gold and number of Satoshis and how much room it has to run.

Honestly, the math is confusing to most people they don't realize how scarce 21 million of something is. There's like 300 million lbs of gold in the world. We can't all expect to own a lb of gold. (at >20,000$). Folks are starting to think that it's too expensive which is crazy but I understand the confusion. The solution is to start showing bitcoin prices in Satoshis, buying it in units of Satoshis and reporting is value in terms of Satoshis.

I would kill to see the Satoshi under bitcoin as the 1.5 spot at .00004 cents. People would eat that up! Maybe we'd get to a point where even the satoshi seemed expensive but that would leave anyone who owns any bitcoin insanely rich. Smiley
legendary
Activity: 1414
Merit: 1000
August 15, 2017, 09:19:28 PM
#2
Wow you are right, that's the next step!
sr. member
Activity: 404
Merit: 253
August 15, 2017, 09:08:12 PM
#1
There seems to be this odd psychology at work where folks think there are 'cheap' tokens and expensive tokens. It would be amazing if they just started reporting a new kid on the block, the Satoshi, you can buy one for .00004 cents and some day they might be worth 10 cents or a dollar who knows.

You could see the history of the satoshi and while it was once very cheap and has appreciated more than anything else, it's still insanely cheap! You can buy millions for next to nothing! I have this strange suspicion that if coinmarketcap did this and a lot of the exchanges folks, folks would start buying like mad. As soon as I introduce someone to bitcoin their first thought is, "yes but it's so expensive can I just buy a cheaper alt?"

Clearly bitcoin doesn't have to change, just the reporting of it's total numbers and the value. That's it.
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