Topic: BIT parity - the rise of the BIT against world fiat currencies and other things (Read 870 times)
July 14, 2014, 02:41:37 AM
note to myself, 1 bit = 0.000001 BTC(1e-6)
July 14, 2014, 02:27:57 AM
For 1 bit, one can currently buy:
(it seems I'm missing some currencies here)
next up in terms of world fiat currencies is the South Korean Won, which can be bought for 1 bit when the price of 1 Bitcoin reaches 981 USD.
- 16 Iranian Rial
- 13 Viet Nam Dong
- 7 Indonesian Rupiah
- 1.17 Colombian Peso
(it seems I'm missing some currencies here)
next up in terms of world fiat currencies is the South Korean Won, which can be bought for 1 bit when the price of 1 Bitcoin reaches 981 USD.
How about yen? That seems like a rather convenient thong to compare to.
July 13, 2014, 05:50:31 AM
For 1 bit, one can currently buy:
(it seems I'm missing some currencies here)
next up in terms of world fiat currencies is the South Korean Won, which can be bought for 1 bit when the price of 1 Bitcoin reaches 981 USD.
- 16 Iranian Rial
- 13 Viet Nam Dong
- 7 Indonesian Rupiah
- 1.17 Colombian Peso
(it seems I'm missing some currencies here)
next up in terms of world fiat currencies is the South Korean Won, which can be bought for 1 bit when the price of 1 Bitcoin reaches 981 USD.
July 13, 2014, 05:47:19 AM
I found this gem: Bitcoin parity: what is a bitcoin worth?
Let's do this with the "bit".
Here's the bit proposal again:
So, what can you buy for 1 bit?
Let's do this with the "bit".
Here's the bit proposal again:
Quote
1 satoshi = smallest unit, pretty much in general use today
1 bit = 100 satoshi, eventually every day use, coffee, sandwiches, etc.
1 XBT = 1 bit, should be the official symbol on all exchanges, forex, etc.
1 BTC = 1000000 bits = kept for dealing with larger amounts, may fade
1 Bitcoin/bitcoin as a currency unit fades away
Bitcoin = the Bitcoin protocol
Notice that 1 microBitcoin = 100 satoshi = 1 bit = 1 XBT
1 bit = 100 satoshi, eventually every day use, coffee, sandwiches, etc.
1 XBT = 1 bit, should be the official symbol on all exchanges, forex, etc.
1 BTC = 1000000 bits = kept for dealing with larger amounts, may fade
1 Bitcoin/bitcoin as a currency unit fades away
Bitcoin = the Bitcoin protocol
Notice that 1 microBitcoin = 100 satoshi = 1 bit = 1 XBT
So, what can you buy for 1 bit?
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