What will happen when 1 satoshi is $ 1? - page 2.

Karie_Legend

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Quote from: Dfinest on May 12, 2018, 04:45:44 PM

If 1 satoshi would be this pricey, i would be a very rich man Grin

, but i don't think it will ever reach a price like this. It's simply way too much or at least not achievable in the near future. The transaction fees would be also extremely high in this case.

Almost everyone who holds their tokens will become rich if that happens, but it seems like a good thing if that happens. Grin

Xenrise

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And then 1 bitcoin is equivalent to 10,000,000 usd. It's so great if the price of 1 bitcoin is that. Many people especially satoshi whose holding 1,000,000 bitcoin will be rich af.

Marcsymon

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Quote from: Andika23 on May 12, 2018, 05:31:40 PM

if it really happens the price of 1 satoshi equals 1 $ each person will get rich, and people will work hard to get it, hope it can happen, our whole life will be guaranteed in the future

In addition, if happens that 1 satoshi equals to 1 dollar many people will become billionaire instantly if they owned a lot of bitcoin in their wallet right now. But it takes times to make this in reality because satoshi (cents) is very far in value compared to dollars. We could not really imagined how the world economics stands in this new era of technology.

jekanmasin

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Quote from: Bitfling on May 12, 2018, 09:40:00 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?

If I am not mistake, if 1 sats = $1 thats mean 1 bitcoin = $100million. I wont say its impossibe but its almost impossible but i will be glad if that happen Grin

. I dont think bitcoin can be modified but anything can be possible

then we all in here will be a millionire and billionaire members..haha.. and the fees for each transaction will be $100000 dollar everytime we want to buy and sell.. too much ridiculous but not impossible. maybe for 100 years to come it will be dream come true. for now make some reasonable price for bitcoin..

Bitfling

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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?

If I am not mistake, if 1 sats = $1 thats mean 1 bitcoin = $100million. I wont say its impossibe but its almost impossible but i will be glad if that happen Grin

. I dont think bitcoin can be modified but anything can be possible

fortunecrypto

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Quote from: noictib on February 27, 2017, 01:33:08 AM

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?

In my opinion it will not happens .
Because about 100000 satoshi is equal to 1$ then you can think that if it will happen only when the price of bitcoin increase about one lakh time the current price . Which is Impossible for about 10-20 years .
But.if it would be then surely we will restricted to make transaction of minimum 10$ with 0.25satoshi fee of transaction

If adoption continues it will likely to happen, and we will have to transact a minimum amount at that rate, but if that finally happen 1 bitcoin will make one guy a millionaire already I hope that day will come many will become a millionaire among us, these are those who holds their bitcoin even if the price is crashing.

reynilynedago

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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?

1 satoshi - 1 dollar will be fine as a "wish" every cryptographer becomes infact wealthy,but the value of currency in this condition will bring adverse effect on other trades and involved economy. Its more good to hold it.

jumail

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Quote from: missyqt29 on May 12, 2018, 04:33:43 PM

If that will happen, bitcoin will be too much expensive for almost everyone. It os because satoshis are like cents of cents of bitcoin. But if this will happen, those who have bitcoin will be the richest persons in the world. Though this event will take decades or even more than one century in my opinion.

You are right and for anyone who has bitcoin even in small quantities will surely become rich. It will also have an impact on transaction fees that will certainly be more expensive. On the other hand, if bitcoin prices jumped sharply, then sure things will happen to most altcoins, surely the holder will profit big. However, does that mean bubble bitcoin becomes so big?

Jaemouns

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Quote from: ASHLIUSZ on February 27, 2017, 01:55:26 AM

I don't think satoshi's such an increased value. If such a growth happens sure most of us will become rich. The faucets sites will be encountering high traffic and can see people using faucets more than our forum.

If that will happen I guarantee all of satoshi coin holders will be rich and multi millionaire as well . Ecause many of us have that kind of coins in our wallet . So great if that will happen .

adjudicator

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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?

If one satoshi will reaches the price of one dollar then definitely many people especially a satoshi holders may become a millionaire. And I think it is another big news in our society and it can belong or list with the name of bitcoin.

pugi2

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Quote from: umbara ardian on May 03, 2018, 11:02:31 AM

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?

if 1 satoshi for $ 1 then bitcoin price will be very expensive and it is sure will be many people who become rich and will many people who regret it because it sells bitcoin quickly at cheap price when bitcoin price can berpotnesi at that price.

Then there are many people also will be poor suddenly if the price go back like today price.
$1 for 1 satoshi is very big price and i dont think bitcoin will have that power to gains that price. I know we are bitcoin real supporter but i prefer to think realistic now. Not imagination

kendra1107

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Just to radar on to the subject, if this happens (which is quite a fantasy), then a lot of us will be filthy rich! Filthy!
Yeah, that's the word to describe it. The number of millionaires worldwide will dramatically increase! But of course, what are the odds of Bitcoin reaching or attaining this much value? Is it even mathematically possible? I know that we usually say that anything is possible. But this one, well, it's off the list!

Zin-Zang

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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?

If 1 sat reaches $1 , then all of us that had a million sat , will be rich. Wink

Bitcoin Core Plan is for all transactions to move offchain to the LN Network, so your cent transfers would happen there.

The only real issue, is can Bitcoin Core Coin actually reach $1 per sat and anyone be able to pay an Onchain transaction fees, which would be astronomical. Tongue

Andika23

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if it really happens the price of 1 satoshi equals 1 $ each person will get rich, and people will work hard to get it, hope it can happen, our whole life will be guaranteed in the future

Kita Kita

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Quote from: Dfinest on May 12, 2018, 04:45:44 PM

If 1 satoshi would be this pricey, i would be a very rich man Grin

, but i don't think it will ever reach a price like this. It's simply way too much or at least not achievable in the near future. The transaction fees would be also extremely high in this case.

I will also be very rich when the price of 1satoshi will be $1 and there is no doubt that almost all peole here in crypto will be very rich if that will happen and i will sell all of my satoshi immediately so i can be millionaire.

Dfinest

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If 1 satoshi would be this pricey, i would be a very rich man Grin

, but i don't think it will ever reach a price like this. It's simply way too much or at least not achievable in the near future. The transaction fees would be also extremely high in this case.

DisWhale

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Improve your mode of payment with crypto

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?

Impressive amount which sounds so soothing to the ears but do you ever think that is realistic? I don't think so so i can't anticipate any arrangements for that. Bitcoin will go up though.

missyqt29

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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?

If that will happen, bitcoin will be too much expensive for almost everyone. It os because satoshis are like cents of cents of bitcoin. But if this will happen, those who have bitcoin will be the richest persons in the world. Though this event will take decades or even more than one century in my opinion.

yuukireit

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it was very hard to take that, and if 1 satoshi reach 1$ it can make a toll fee for a transaction can very high to pay and i think that very worse to knowing that anyway

Jerzzz

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I will waiting for this and i am sure that we all here is the multi millionaire because we have much of bitcoin in our wallet. maybe it could be happen but not in short time, we need more than 20 years to see this thing is happen. but still its really worth to waiting this and maybe our grant children that will see this price.

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