Topic: Could 1 satoshi become worth $1? - page 3. (Read 5383 times)
I read somewhere that if all the currencies around the world (USD,GBP,Euro, Peso, ect) were to be combined and Bitcoin was given the same value as that, then one Satoshi would equal around .02 cents. So no, I don't think one satoshi will ever be worth $1.00
If 1 sat happens to be worth $1 at a certain date, then I need to do everything to find my old wallet files that I probably deleted.
They contain like 1k-200k sat each
But I'm glad I will not need to do so.
If that time comes, you still won't need to find your 1k Satoshi wallets, just as you won't waste time trying to find a lost penny now. Or 1/100th of a penny. They contain like 1k-200k sat each
But I'm glad I will not need to do so.
If 1 sat happens to be worth $1 at a certain date, then I need to do everything to find my old wallet files that I probably deleted.
They contain like 1k-200k sat each But I'm glad I will not need to do so.
They contain like 1k-200k sat each
But I'm glad I will not need to do so. Anyone who has one Satoshi could sell it for a dollar this afternoon. All we need now is to find an escrow and this thread is fulfilled.
Good idea! Here is my post:
https://bitcointalksearch.org/topic/btc-for-paypal-986653
Anyone who has one Satoshi could sell it for a dollar this afternoon. All we need now is to find an escrow and this thread is fulfilled.
not sure if you're serious but that would not happen. not in thousand years.
if 1 satoshi equals $1 then 1btc is worth $100.000.000 which is something you only can fantasy about.
And when it happens even a novice can get rich quick in the first day of the faucet. After that bitcoin will disappear and stay memorable if 1 satoshi equals $1 then 1btc is worth $100.000.000 which is something you only can fantasy about.
Quote from: stonerider
I AM SATOSHI NAKAMOTO!!!
Damn, I had you pictured more like this
than this.
Still just as badass, though.
Damn, I didn't know it was to be set in stone, stonerider.
I AM SATOSHI NAKAMOTO!!!
Damn, I didn't know it was to be set in stone, stonerider.
1 satoshi will eventually achieve parity with US$0.01, in the future. No more, no less.
And if it does, that is the lowest amount you could send. See a problem?
No other solution except a hard fork to add decimals.
Most probably the hard fork will become the accepted version of Bitcoin.
When this happens, the block reward will most probably be zero or close to zero.
Apart from this being the lowest amount to send, transaction fees might also become uncompetitive (they can't be below 1 satoshi.
) not sure if you're serious but that would not happen. not in thousand years.
if 1 satoshi equals $1 then 1btc is worth $100.000.000 which is something you only can fantasy about.
That, I can deal with.if 1 satoshi equals $1 then 1btc is worth $100.000.000 which is something you only can fantasy about.
OP, technically is possible, if it ever happens we can have bitcoin to be divisible beyond 8 decimal places, but like the poster said, it's not going to happen realistically.
If the dollar hyperinflates, yes, of course, in the same way that a satoshi is now already worth more than a Reichsmark.
However, if you mean: can a satoshi ever be worth more than what a dollar is worth NOW, then definitely no.
Because it would mean that the market cap of bitcoin would be 2 000 trillion $
Now, the current WORLD market cap of M2 money is estimated to be of the order of 50 trillion $.
However, if you mean: can a satoshi ever be worth more than what a dollar is worth NOW, then definitely no.
Because it would mean that the market cap of bitcoin would be 2 000 trillion $
Now, the current WORLD market cap of M2 money is estimated to be of the order of 50 trillion $.
Only when a loaf of bread costs $1,000,000, so not until USD completely hyper inflates and widespread uprising happens. So, not likely during our lifetime. If it did happen, would it be a problem? no because $1 won't buy anything anyway, so it won't pose any problems
Sure, anything is possible or so they say. But may be at that time the value of $ 1 won't be the same as it is now.
See what I mean.. ?
See what I mean.. ?
And if it does, that is the lowest amount you could send. See a problem?
As mentioned, it would take a while to get there (if ever). At that point, Bitcoin being digital, if more decimal places are needed they can very easily be added.
And if it does, that is the lowest amount you could send. See a problem?
It could. But it probably wont. But if it did below is a solution:
I think that after 1 satoshi worth $1, then the bitcoin system will be upgraded that the min. amount will not be 0.00000001 BTC.
Some people have said 1 bitcoin could be worth a million, but I doubt it. I'm hoping for a few thousand dollars at least.
at that point, a can of pop will cost a few thousand dollars at least, so there really is very little use for cents. So it's not a problem.
No I do not think that 1 satoshi will be valuable 1 dollar (at least not in 5-10 years). I think instead in the next 50-60 years maybe we can talk 1 satoshi = ~ 0.25 dollar (but it is only a simple supposition we cannot anticipate the future).
I think before we are talking about adding so many zeros and worrying about such a thing, it would be more sensible to talk about whether and when will it ever go to 1000. I'm not denying that it could never happen as anything is possible with bitcoin, but would just like to be realistic for now even with the slightest possibility
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