What will happen when 1 satoshi is $ 1? - page 19.

Zadicar

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Quote from: Soul Reaper on March 06, 2017, 11:36:33 PM

Even though this will definitely happen,
But I don't think that the day is so near.
1 satoshi = 1$ means that,
1 Bitcoin = 100 million dollars.
That quite a number to be reached so early,
You will have to wait at least 4- 5 decades to see this.

Talking about what will happen,
Bitcoin will definitely gain more acceptance among people.
Even local traders or small scale traders will start accepting bitcoin,
And also people like us earning bitcoins now will definitely get Overwhelmingly rich. Cool

Bitcoin could really make us rich unless we are holding lots of it and tend to hold it for how many years but basing on the assumption of having $1 per satoshi is really an impossible thing to happen and if it does then it wont happen on our lifetime,it would really take full adoption and making it as a main currency for bitcoin would able to achieved this.

BlendCraft

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Quote from: HarringtonStark on March 07, 2017, 12:10:20 AM

That will not happen not in 10 to 30 years.

Agreed. Yes it unrealistic for bitcoin to reach that high. Maybe 0.01btc for $30 but 1 satoshi for $1 it's obviously impossible.

PS - Thanks for promoting my site BlendCraft

HarringtonStark

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That will not happen not in 10 to 30 years.

Soul Reaper

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Even though this will definitely happen,
But I don't think that the day is so near.
1 satoshi = 1$ means that,
1 Bitcoin = 100 million dollars.
That quite a number to be reached so early,
You will have to wait at least 4- 5 decades to see this.

Talking about what will happen,
Bitcoin will definitely gain more acceptance among people.
Even local traders or small scale traders will start accepting bitcoin,
And also people like us earning bitcoins now will definitely get Overwhelmingly rich. Cool

ufaiz50

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bitcoin will be the highest peak of the currency, I think it will be many who don't support bitcoin and was too expensive for a cryptocurrency even surpassing fiat, gold, etc. sometimes if the price is too high and unreasonable will be many who leave

Question123

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I don't think it will happen even if after 100-1000 years . 1 satoshi is equal $1 is very impossible to happen because if you have 1 Bitcoin you have $100,000,000 and that's do big. I think the possible price that will happen its $10k but it is very difficult to reach that price because if Bitcoin reach $2000 I think many people sell their bitcoin. The price of bitcoin is $1284 as of now and many people undecided if the bitcoin in their wallet is hold or sell . So may be the price decrease and no one knows what will happen.

Pejoh Asu

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Bitcoin owner hope 1 satosi equals $1, if there is certainly bitcoin is the biggest marketcap beat USD. that will certainly be a lot of new conglomerates including me. Grin

CROYA86

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Quote from: LibreMan on February 27, 2017, 01:23:25 AM

What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?

this is what I wait if this is the case then I would be rich because I save a lot of sathosi in my wallet, I guess it sepertini 1 sathosi = 1 $ it will take a long time can be up to 10-20 years

hurain

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Quote from: deadpoolx on March 05, 2017, 03:22:56 PM

Quote from: LibreMan on February 27, 2017, 01:23:25 AM

What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?

The only thing that could make it happen would be a collapse in the economy, something unprecedented. In this case there would be a chance that fiat currencies would lose much value, and people would migrate to a more efficient currency. But as we all know, the Bitcoin network is not yet ready to deal with such traffic.

although it is not such an easy job, but still the possibilities are there and if all the people will start buying bitcoin then the supply will decrease and the price of bitcoin will increase.

andrei56

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Quote from: rozee on March 05, 2017, 02:06:16 PM

thats too much to expected that amount is very big, i dont think if it will happen in the near future or on next 5 or 6 years but maybe if it will happen, it will happen at 20-30 years again and if 1 satoshi worth $1 i am sure all of bitcointalk members will be rich man and buy some lambo Cheesy

If bitcoin reached that price I think we should be more worried about buying food, water and guns, since that means the economy will be in such a terrible state that we will need to guarantee our own safety.

dimonstration

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Dimon69

Quote from: jak3 on March 05, 2017, 02:41:11 PM

its purly impossible and it that ever happens i do not think the market will alive at that rate. that will be possible at the universal height not at our earths height example: try to fill 3-5 Earths With 1Dollars then you will see that much money, Anyway if bitcoin really reached that scale then we all will be the richest persons of the earth on current century

I also agree that's impossible to happen. the problem I see if how much is needed to pay for fee if 1 satoshi is equal to $1 ? Honestly I don't want it to happen Grin

.

deadpoolx

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Quote from: BitcoinPanther on March 05, 2017, 03:26:18 PM

Quote from: deadpoolx on March 05, 2017, 03:22:56 PM

Quote from: LibreMan on February 27, 2017, 01:23:25 AM

What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?

The only thing that could make it happen would be a collapse in the economy, something unprecedented. In this case there would be a chance that fiat currencies would lose much value, and people would migrate to a more efficient currency. But as we all know, the Bitcoin network is not yet ready to deal with such traffic.

I do not see people moving to Bitcoin once the economy collapse. And if ever I think fiat currency is the most efficient currency to be used. It does not need internet to be used. Easily accepted by the shop and store and the convenience of transacting with fiat currency had not been achieved with using Bitcoin.

I think there will come a point where using it over the internet will not be a problem. Nowadays almost everyone has a smartphone, and there are many apps that simplify things. I also think that rates for Bitcoin debit cards will decrease as competition increases among the companies that provide such services.

BitcoinPanther

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Quote from: deadpoolx on March 05, 2017, 03:22:56 PM

Quote from: LibreMan on February 27, 2017, 01:23:25 AM

What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?

The only thing that could make it happen would be a collapse in the economy, something unprecedented. In this case there would be a chance that fiat currencies would lose much value, and people would migrate to a more efficient currency. But as we all know, the Bitcoin network is not yet ready to deal with such traffic.

I do not see people moving to Bitcoin once the economy collapse. And if ever I think fiat currency is the most efficient currency to be used. It does not need internet to be used. Easily accepted by the shop and store and the convenience of transacting with fiat currency had not been achieved with using Bitcoin.

deadpoolx

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Quote from: LibreMan on February 27, 2017, 01:23:25 AM

What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?

The only thing that could make it happen would be a collapse in the economy, something unprecedented. In this case there would be a chance that fiat currencies would lose much value, and people would migrate to a more efficient currency. But as we all know, the Bitcoin network is not yet ready to deal with such traffic.

Mometaskers

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Though it's easy to think of this because of the current price hikes, I just don't see this happening. That would make the value of each bitcoin to about a billion dollars and the total value of all bitcoins could exceed the entire world economy. Bitcoin was envisioned as a currency that would be divisible into very small amounts and easily exchanged so devs would probably do something before satoshis become that expensive.

jak3

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its purly impossible and it that ever happens i do not think the market will alive at that rate. that will be possible at the universal height not at our earths height example: try to fill 3-5 Earths With 1Dollars then you will see that much money, Anyway if bitcoin really reached that scale then we all will be the richest persons of the earth on current century

rozee

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thats too much to expected that amount is very big, i dont think if it will happen in the near future or on next 5 or 6 years but maybe if it will happen, it will happen at 20-30 years again and if 1 satoshi worth $1 i am sure all of bitcointalk members will be rich man and buy some lambo Cheesy

South Park

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Quote from: S_D on March 05, 2017, 09:03:28 AM

That is indeed possible if $ has left no value xD

There is simple maths to it there could be only 2,100,000,000,000,000 satoshi's and the earth holds approx. 256,000,000,000 USD.
So assuming 1 satoshi's value turns to be 1 USD. Then either USD has devalued to being worthless.
So sorry to shatter everyones dreams but technically most of us wont be rich then!

It could still be possible to be rich with bitcoin in that scenario, if the dollar were to become worthless as you state, then it is reasonable to think the whole world will be facing an enormous economic crisis and people will try to do anything to get some stability, they will try to get gold and silver but a new player is in town in the form of bitcoin so you could exchange your bitcoin for big material gain.

Blawpaw

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Don't think 1 satoshi will ever be worth $1 man. Bitcoin will go up indeed but not like that. I don't even think it will ever reach $10k, but only the future will say

mornabo

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Quote from: requester on March 04, 2017, 08:44:22 AM

Yes the day is not too far away because the price is up soaring like rocket. And its already like gold a digital gold. And I think we will use satoshi as the unit of bitcoin.

Lol what will happen to the world if one satoshi costs $1. whereas to get 1 satoshi in a very easy thing right,
That will never happen. for the balance of the world

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