What will happen when 1 satoshi is $ 1? - page 16.

Qunenin

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Quote from: bitcoinissatan on March 13, 2017, 05:01:43 PM

if I say one satoshi for $ 1, I said "YES" for a lot of paper currency printed I think there is no problem for 1 satoshi $ 1

Exactly, me too it is in favor to me. That would be great and everyone will be rich then. I do not have 1btc but lots of satoshi.
Seeing this in reality, i think it may take decades reaching this high price.

thisappointed

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Quote from: LTU_btc on March 13, 2017, 04:35:51 PM

Wow, this thread gave me good laugh Cheesy

. Guys, do you seriously discussing about it? 12 pages of discussions about impossible thing. 1 satoshi = $1. 1 Bitcoin = $100 000 000, yeah, it's a real thing, let's dream about it Cheesy

. But offcourse, this thread is perfect place for signature spammers.

It is not impossible to happen, though it might take some time before this thing going to happen. OP was just trying to have our thoughts about this, because it is really great if this dream will come true, this could make us millionaires or even billionaires if we are holding large amount of bitcoins. If the SEC will approved bitcoin ETF, let's just say that they gave it another shot, then it will surely happens that 1 satoshi will become $1, and the bitcoins price would continue to rise until it reach its highest peak.

supto005

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I don't believe satoshi's such an expanded esteem. If it's happen then a bitcoin rate may be 100,000,000$ Shocked

GreenBits

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Quote from: ASHLIUSZ on March 13, 2017, 08:54:13 PM

Quote from: Rinder on March 13, 2017, 07:54:22 PM

This wont hapen, its impossible such value at bitcoin, bitcoin might reach 20k-50k dollars for single unit but above those i really doubt someone will support such prices, would mean almost 10% more new bilionaires without any effort.

To reach $20-$50k itself not realistic, because if something gets a much increased value compared to all the currencies as well investment assets the system should be able to give cent percent outcome which is not possible. If you consider gold one can assure with its value backed system that the growth might happen.

Have to agree. If we get this much confidence in bitcoin, I feel we would be using other cryptos, and the total market capitalization wouldn't be so focused on bitcoin (or whatever happened to her the price so high). Also, fees become an issue at this point, if it's feasible to send a single satoshi (hell, it's worth a buck) will we need sub satoshi bitcoin values to address the fees? Even at a one satoshi fee, we are looking at a 100 percent commission on transactions, which is absolute insanity.

ASHLIUSZ

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Quote from: Rinder on March 13, 2017, 07:54:22 PM

This wont hapen, its impossible such value at bitcoin, bitcoin might reach 20k-50k dollars for single unit but above those i really doubt someone will support such prices, would mean almost 10% more new bilionaires without any effort.

To reach $20-$50k itself not realistic, because if something gets a much increased value compared to all the currencies as well investment assets the system should be able to give cent percent outcome which is not possible. If you consider gold one can assure with its value backed system that the growth might happen.

jacktheking

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If one Satoshi is to be valued at 1 USD, then I guess a lot of us here will be very rich. I am getting so many Satoshi for making this post while wearing BitMixer signature tag. Well, however I really doubts if anyone of us will be able to enjoy those coins when the hypothetical scenario really happen - it may happen, but probably not in our lifetime, or when we are old.

On the business/economy side, there will be two after-scenarios.

1. Bitcoin become an investment scheme
2. Bitcoin become the world's currency.

I hope for the latter as I do not want to see Bitcoin becoming just an investment tool. I wish to see Bitcoin as a form of currency.
And that's why I have set-up http://www.thebitzone.com/, a forums to discuss Bitcoin for it general uses and not it technical side - sorry for the "shameless" promotion.

UCHCHILD

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This will be great a 1:1 ratio will makes satoshi holder rich if so

Rinder

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This wont hapen, its impossible such value at bitcoin, bitcoin might reach 20k-50k dollars for single unit but above those i really doubt someone will support such prices, would mean almost 10% more new bilionaires without any effort.

shield132

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If you know how bitcoin's price is determined, than simply that seems impossible nowdays. That means everyone will go and sell their bitcoin for 1 dollar. I say that impossible because now people wants to get rised bitcoin.
If we still think bitcoin is 1$, from nowdays reality, it will be hype and fall of bitcoin's reputation, consume.

THEmoro

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i think it's not possible cuz that's will mean 200 Trillion dollar marketcap when btc amount hit 20 million pieces ...its like 200 time US budget
i think that's can happen only if no paper money used / only btc

traderethereum

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Quote from: LTU_btc on March 13, 2017, 04:35:51 PM

Wow, this thread gave me good laugh Cheesy

. Guys, do you seriously discussing about it? 12 pages of discussions about impossible thing. 1 satoshi = $1. 1 Bitcoin = $100 000 000, yeah, it's a real thing, let's dream about it Cheesy

. But offcourse, this thread is perfect place for signature spammers.

so i am sure that there will be many bitcoin user is going to be a richer person in the earth and they can buy everything they want without nothing to lose. they can have enjoy their time without working and they can spend their money in every place. i imagine this will realize in the future and there will be no more poor people in the world.

RealPhotoshoper

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Quote from: tyz on March 13, 2017, 04:58:37 PM

Just make a simple calculation to figure out that this would never happen.

There will be 21,000,000 Bitcoins x 100,000,000 Satoshi what is 2,100,000,000,000,000 Satoshi at maximum. Divided through approx. 10 billion people in 2140, this would be a average wealth of $210,000 of each human-being in the world.

Not to mention the technical side. You have to pay at least 1 Satoshi (=$1) in fee. Nobody would accept those high fees.

Quite simple, we will need various denomination after satoshi , it could be milisatoshi? Etc
The scenario such as this one is anticipatef already since long time ago.
As this matter is a basic issue about currency, nothing to worry.

bitcoinissatan

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if I say one satoshi for $ 1, I said "YES" for a lot of paper currency printed I think there is no problem for 1 satoshi $ 1

tyz

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Just make a simple calculation to figure out that this would never happen.

There will be 21,000,000 Bitcoins x 100,000,000 Satoshi what is 2,100,000,000,000,000 Satoshi at maximum. Divided through approx. 10 billion people in 2140, this would be a average wealth of $210,000 of each human-being in the world.

Not to mention the technical side. You have to pay at least 1 Satoshi (=$1) in fee. Nobody would accept those high fees.

LTU_btc

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Wow, this thread gave me good laugh Cheesy

. Guys, do you seriously discussing about it? 12 pages of discussions about impossible thing. 1 satoshi = $1. 1 Bitcoin = $100 000 000, yeah, it's a real thing, let's dream about it Cheesy

. But offcourse, this thread is perfect place for signature spammers.

chixka000

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Lucky are those who were holding their bitcoin they must be a billionaire or millionaire on those times. However for now that was merely possible yet not impossible as well.

paul gatt

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Quote from: Minimii on March 13, 2017, 06:17:40 AM

Quote from: boyptc on March 13, 2017, 06:12:19 AM

Quote from: Barbut on March 13, 2017, 04:26:39 AM

Quote from: boyptc on March 13, 2017, 04:13:04 AM

If satoshi is equivalent to $1 then most of people here will not work anymore. They can become rich on a very easy way by selling the bitcoins they've got. And I wish that this will happen very soon so that I can buy the things that I keep on dreaming on. Most of the bitcoin users will be rich enough and have a decent life to live.

You will be rich, I will be rich, mostly people from here and few others. In this case current faucet prize at 200 satoshis per claim would be equivalent to 200 dollars in some moment in future. From this angle we cam became rich just from faucets.
Who knows when will this happen, price needs to be 100 millions for one btc, that even sounds impossible, but if that happen bitcoin code can be broken to more decimals, maybe we should try to create new name for new smallest bitcoin unit.

Basically all of us who are into bitcoin will become rich. Even there are a lot that aren't getting enough bitcoin / mBTC then most of us will be rich on the easiest and fastest way that way. I'm waiting for this day to happen and if that happens then there's no need to think about where we should get the money that we need to spend and buy our needs.

But do you really think it will happen? Kindly see my posts above.

Best Regards,

I can not believe that that can happen, it's just a dream, and that dream never existed. Bitcoins are always produced in large quantities every year, so if the price goes up dramatically, an economic crisis can happen. Moreover, the value of bitcoin depends on cash, and cash is always a decisive factor; the government will not let that bitcoin rise so much, because if it does, cash will eventually lose value, and The government can not manage the economy. Legally, bitcoin is still not recognized as the main currency, it is only applicable in some countries. I assert: that value is unlikely

Minimii

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Quote from: boyptc on March 13, 2017, 06:12:19 AM

Quote from: Barbut on March 13, 2017, 04:26:39 AM

Quote from: boyptc on March 13, 2017, 04:13:04 AM

If satoshi is equivalent to $1 then most of people here will not work anymore. They can become rich on a very easy way by selling the bitcoins they've got. And I wish that this will happen very soon so that I can buy the things that I keep on dreaming on. Most of the bitcoin users will be rich enough and have a decent life to live.

You will be rich, I will be rich, mostly people from here and few others. In this case current faucet prize at 200 satoshis per claim would be equivalent to 200 dollars in some moment in future. From this angle we cam became rich just from faucets.
Who knows when will this happen, price needs to be 100 millions for one btc, that even sounds impossible, but if that happen bitcoin code can be broken to more decimals, maybe we should try to create new name for new smallest bitcoin unit.

Basically all of us who are into bitcoin will become rich. Even there are a lot that aren't getting enough bitcoin / mBTC then most of us will be rich on the easiest and fastest way that way. I'm waiting for this day to happen and if that happens then there's no need to think about where we should get the money that we need to spend and buy our needs.

But do you really think it will happen? Kindly see my posts above.

Best Regards,

boyptc

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Quote from: Barbut on March 13, 2017, 04:26:39 AM

Quote from: boyptc on March 13, 2017, 04:13:04 AM

If satoshi is equivalent to $1 then most of people here will not work anymore. They can become rich on a very easy way by selling the bitcoins they've got. And I wish that this will happen very soon so that I can buy the things that I keep on dreaming on. Most of the bitcoin users will be rich enough and have a decent life to live.

You will be rich, I will be rich, mostly people from here and few others. In this case current faucet prize at 200 satoshis per claim would be equivalent to 200 dollars in some moment in future. From this angle we cam became rich just from faucets.
Who knows when will this happen, price needs to be 100 millions for one btc, that even sounds impossible, but if that happen bitcoin code can be broken to more decimals, maybe we should try to create new name for new smallest bitcoin unit.

Basically all of us who are into bitcoin will become rich. Even there are a lot that aren't getting enough bitcoin / mBTC then most of us will be rich on the easiest and fastest way that way. I'm waiting for this day to happen and if that happens then there's no need to think about where we should get the money that we need to spend and buy our needs.

Minimii

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Quote from: JanisPetke on March 13, 2017, 05:58:01 AM

Quote from: NEWGOODOUBLE on March 13, 2017, 04:30:09 AM

Quote from: Text on March 13, 2017, 03:15:51 AM

I wish it happens for an instant then I'll be a millionire in no time just like winning the lottery jackpot. No other altcoin can beat BTC, it would be more popular and the population would get bigger. Early adopters would be desperate on how to get a single satoshi.

logically it might not happen mate because you know get 1 satoshi is very easy thing right ?
surely everyone in the world would be rich if this happens?

Some people were utterly delighted in the past, when they managed to convince someone to sell them two pizzas for 10,000 Bitcoins.

Even a minimum wage employee could have bought tens of thousands of bitcoins per year, had they so desired.
Surely everyone in the western world would have become rich if that were the case....

Though these Bitcoins still exists so someone has prolly made some nice profits Wink

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