SATOSHI AS THE UNIT OF COUNT - page 2.

Dunamisx

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Quote from: rowtiz on November 11, 2024, 11:38:55 AM

Don't you think that bitcoin as a unit already has too high a value compared to fiat currencies? For example, in Philippine pesos 1 btc = 4 million pesos... do you see that in the future we will be comparing 1 satoshi = 1 dollar?

Maybe we don't even have to go by far in this, there is a simple example to make in clarifying to the rise in bitcoin value, which is the initial worth of bitcoin itself ever since it was launched to what it is now, there was upon a time bitcoin worth nothing, but now, it is what every other person is aiming to have, if satoshi could be a smaller unit of bitcoin an the market rises, then indirectly the value of satoshi must follow suite by rising with the same speed in value.

AVE5

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Quote from: rowtiz on November 11, 2024, 11:38:55 AM

Don't you think that bitcoin as a unit already has too high a value compared to fiat currencies? For example, in Philippine pesos 1 btc = 4 million pesos... do you see that in the future we will be comparing 1 satoshi = 1 dollar?

You're getting it wrong. Bitcoin is literally an asset as it's volatile and so potential it's for investment and source of income. So there's no way it can be compared to the fiats. You can only make it a comparison with any commodity that has potential of yielding increments of values such as trading or or investment commodities.
It's rather alternatively served as digital currency because it's a uniform value that can be served as global exchange for payments and services.
Satoshi is potential to surpass the US $ in years ahead since it's volatile.

Mia Chloe

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Crypto Casino and Sportsbook

Almost every crypto currency has a base unit for calculation. It's mostly common for those with high value. The point is to be able to calculate easily with it when dealing with small fractions just to avoid too many decimal zeros. Take bitcoin fees for example, it's measured in sats/vbyte because it's more convenient to say 3 sats/ vbytes than to say 0.000000003 BTC/vbyte.
There are a couple of other units bitcoin is measured in the most common ones are:

Satoshis( sats) which approximately , 100 million SATs = 1BTC
mili BTC (mBtc) 1000 mBtc is simply 1BTC

Other units like ( micro BTC, nano BTC, picto BTC and many others) you may find in different articles are just simple 4th grade conversions.

rowtiz

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Don't you think that bitcoin as a unit already has too high a value compared to fiat currencies? For example, in Philippine pesos 1 btc = 4 million pesos... do you see that in the future we will be comparing 1 satoshi = 1 dollar?

Topic: SATOSHI AS THE UNIT OF COUNT - page 2. (Read 245 times)