pennies: Micropayments to people in poor countries who somehow have computers.
...or, you prefer to not see the upper-limit of $1Million USD ($1,000,000)/BTC
Topic: Maximum value of a single bitcoin - page 2. (Read 7611 times)
^^^
pennies: Micropayments to people in poor countries who somehow have computers.
...or, you prefer to not see the upper-limit of $1Million USD ($1,000,000)/BTC
pennies: Micropayments to people in poor countries who somehow have computers.
...or, you prefer to not see the upper-limit of $1Million USD ($1,000,000)/BTC
I think there is an upper limit in the current implementation of bitcoin
1 BTC @ 1Million USD makes 1 Satoshi worth 1 USD which makes commerce difficult.
Imagin if you couldn't buy anything under $1 or somthing worth $1.50 would have to be rounded to $2.
1 BTC @ 1Million USD makes 1 Satoshi worth 1 USD which makes commerce difficult.
Imagin if you couldn't buy anything under $1 or somthing worth $1.50 would have to be rounded to $2.
.00000001BTC = $1 means .00001BTC = $1000 means .01BTC = $1M
Satoshi was no dummy.
That's worth completing:
0.00000001BTC = $1 means 1BTC = $100Million USD ($100,000,000)
Bit more realistic:
If 'pennies' are still needed:
0.00000001BTC = $0.01 means 1BTC = $1Million USD ($1,000,000)
"Still needed" as if anything has cost a penny in two decades.
I think there is an upper limit in the current implementation of bitcoin
1 BTC @ 1Million USD makes 1 Satoshi worth 1 USD which makes commerce difficult.
Imagin if you couldn't buy anything under $1 or somthing worth $1.50 would have to be rounded to $2.
1 BTC @ 1Million USD makes 1 Satoshi worth 1 USD which makes commerce difficult.
Imagin if you couldn't buy anything under $1 or somthing worth $1.50 would have to be rounded to $2.
.00000001BTC = $1 means .00001BTC = $1000 means .01BTC = $1M
Satoshi was no dummy.
That's worth completing:
0.00000001BTC = $1 means 1BTC = $100Million USD ($100,000,000)
Bit more realistic:
If 'pennies' are still needed:
0.00000001BTC = $0.01 means 1BTC = $1Million USD ($1,000,000)
I think there is an upper limit in the current implementation of bitcoin
1 BTC @ 1Million USD makes 1 Satoshi worth 1 USD which makes commerce difficult.
Imagin if you couldn't buy anything under $1 or somthing worth $1.50 would have to be rounded to $2.
1 BTC @ 1Million USD makes 1 Satoshi worth 1 USD which makes commerce difficult.
Imagin if you couldn't buy anything under $1 or somthing worth $1.50 would have to be rounded to $2.
.00000001BTC = $1 means .00001BTC = $1000 means .01BTC = $1M
Satoshi was no dummy.
I think there is an upper limit in the current implementation of bitcoin
1 BTC @ 1Million USD makes 1 Satoshi worth 1 USD which makes commerce difficult.
Imagin if you couldn't buy anything under $1 or somthing worth $1.50 would have to be rounded to $2.
1 BTC @ 1Million USD makes 1 Satoshi worth 1 USD which makes commerce difficult.
Imagin if you couldn't buy anything under $1 or somthing worth $1.50 would have to be rounded to $2.
The maximum amount of mini-bits Happy-bits can be determined, but not the maximum value.
Maximum value relative to what?
For example: BTC/Gold might eventually stabilize, much more than BTC/USD.
EDIT
The answer:
0.00000001 "=" 100 Millionmini-bitsHappy-bits/BTC
If I'm wrong I'm sure someone will let us know.
Maximum value relative to what?
For example: BTC/Gold might eventually stabilize, much more than BTC/USD.
EDIT
The answer:
0.00000001 "=" 100 Million
If I'm wrong I'm sure someone will let us know.
i think you forgot the two places to the left of the decimal... no?
EDIT: oh - sorry - "single Bitcoin".
Zero added to the left, thanks.
I also added "=" around the equal sign, so now it doesn't look so much like an equation.
"how can it be worth anything when there will only be like 20 million of them ever?"
that doesn't make much sense.... they're worth something if there are not many of them (or the demand is huge). The maximum amount of mini-bits Happy-bits can be determined, but not the maximum value.
Maximum value relative to what?
For example: BTC/Gold might eventually stabilize, much more than BTC/USD.
EDIT
The answer:
.00000001 = 100 Millionmini-bitsHappy-bits/BTC
If I'm wrong I'm sure someone will let us know.
Maximum value relative to what?
For example: BTC/Gold might eventually stabilize, much more than BTC/USD.
EDIT
The answer:
.00000001 = 100 Million
If I'm wrong I'm sure someone will let us know.
i think you forgot the two places to the left of the decimal... no?
EDIT: oh - sorry - "single Bitcoin".
The maximum amount of mini-bits Happy-bits can be determined, but not the maximum value.
Maximum value relative to what?
For example: BTC/Gold might eventually stabilize, much more than BTC/USD.
EDIT
The answer:
0.00000001 "=" 100 Millionmini-bitsHappy-bits/BTC
If I'm wrong I'm sure someone will let us know.
Maximum value relative to what?
For example: BTC/Gold might eventually stabilize, much more than BTC/USD.
EDIT
The answer:
0.00000001 "=" 100 Million
If I'm wrong I'm sure someone will let us know.
I was trying to explain bitcoin to a friend today and they asked "how can it be worth anything when there will only be like 20 million of them ever?" That's when I went into explaining how bitcoins can be divided down to the eighth decimal place which makes a single bitcoin worth a LOT of money.
How much is a lot?
Well, I couldn't answer because I forgot the basic math behind it! So, assuming we're dividing a single bitcoin down to the eighth decimal place, what is the maximum value of a single coin? Yes, I realize that might not be a totally easy to answer statement because they value fluctuates but let's talk generally.
Thanks!
Rage
How much is a lot?
Well, I couldn't answer because I forgot the basic math behind it! So, assuming we're dividing a single bitcoin down to the eighth decimal place, what is the maximum value of a single coin? Yes, I realize that might not be a totally easy to answer statement because they value fluctuates but let's talk generally.
Thanks!
Rage
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