Topic: Bitcoin is the biggest financial system yet 2.1 quadrillion units, Fiat Gold? (Read 798 times)
January 25, 2014, 11:06:55 PM
There are roughly the same number of satoshis as grains of rice eaten in China each year.
January 25, 2014, 10:29:27 PM
2.1 quadrillion satoshis is nothing compared to the 5 x 10 32 atoms of gold!
January 25, 2014, 09:41:45 PM
If a satoshi ever achieves a competing value to the smallest unit in the dollar, a penny, in some notion bitcoin almost seems foolish compared to the amount the Federal reserve is printing.... Yet this may also be a strength, an economy needs an increasing amount of tradable units and A LOT of them.. There is no magic number, just A LOT. But also a limited amount, 2.1quadrillion units... It almost seems hard to fathom bitcoin not crushing all fiat, and or fiat collapses under its own false claims.
However external threats such as solar flares pose VERY VERY large threats to much of all modern society, bitcoins getting wiped out by the masses, internet filtering/shutdown, martial law.
What are your thoughts on these extremes I mention, are there other extremes I have not thought of?
However external threats such as solar flares pose VERY VERY large threats to much of all modern society, bitcoins getting wiped out by the masses, internet filtering/shutdown, martial law.
What are your thoughts on these extremes I mention, are there other extremes I have not thought of?
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