What will happen when 1 satoshi is $ 1? - page 5.

Swanh

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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?

Pretty sure everyone wants to own satoshi and most probably there will be no more free mining and faucets if satoshi would be that expensive and existing coins also become expensive and profitable.Bitcoin holders will not just double but triple the profit when 1 satoshi would be equivalent to 1$.

digaran2

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i now have i btc, if 1 satoshi is $ 1,wow, i will have so many money. Grin

i think it will happen after 20 years or more! then may be 1$ is very cheap!

jake zyrus

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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?

I think Satoshi can climb the market also. Remember back then that bitcoin was discarded because they don't believe that it will grow? Well look at the tides now. And if bitcoin can be so expensive, then people will refer the common cryptocurrency to Satoshi. Surely this will be along shot and will surely take years and years with very little chance to happen but we can all dream.

Dobmader

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when it will happen then we all are become billianer. and it will happen in 20 years it will take time.

Carlton Banks

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Maybe the "it'll never happen" people are all forgetting something:

$1 dollar is about 10,000 satoshis now

(and $1 dollar was worth only 5000 satoshis when BTC was $20,000)

1 BTC = $1 dollar? People said "it'll never happen"
1 BTC = $100 dollars? People said "it'll never happen"
1 BTC = $1,000 dollars? People said "it'll never happen"
1 BTC = $10,000 dollars? People said "it'll never happen"

With the continuing improvements in Bitcoin tech (and the continuing deterioration in democracy), BTC will break $100,000 dollars in the next few years, maybe even in 2019. What will you guys all be saying then (when $1 dollar will be just 1000 satoshis...)

bitcoinman93

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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?

then people who are in the community today, investing in very early stage, will be very very happy, probably not need to work anymore in their life, same will go for their children either

Amakwah

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I think if 1 satoshi equals $ 1 is the number of new millionaires emerging because of the number of people who still hold crypto.

CryptopreneurBrainboss

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eXch.cx - Automatic crypto Swap Exchange.

I don't think BItcoin will ever cross $100k value. I mean just imagine what you explained above, truly that will end bitcoin for good. I see Cryptocurrency as a means of circulating money among investors. Correction will endure BItcoin dont become too costly for new investors to jump in

BillyTalent

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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?

as for me it's just a dream. it seems even if this happens, it is not very soon and not in this century most likely.

DropBombzENT

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By the time when 1 satoshi will stand 1 dollar fiat will no longer be. In all spheres of our life, bitcoin and crypto-currencies will be. Bitcoin will change the very understanding of money. Money will no longer be subject to inflation

Akupuniard

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We can easily calculate everything because 1 satoshi is 0.00000001 it means 1 bitcoin would cost 10000000$, it's impossible because we have no enough money in the world to make it real.

Nahl

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the price might be so high if 1 satoshi equal to $1 but how about the transactions fees because bitcoin transactions will be so expensive at that price and this is impossible for me to see bitcoin price reach to $100 millions and indeed i expect to see bitcoin price high but $100 millions is looks impossible

Sirokoshi

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Quote from: p i e c e on May 08, 2018, 06:35:46 AM

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.

That is why I do believe that we will never see that 1 Satoshi price is a dollar. It is difficult to imagine that somebody will buy BTC for such a great sum of money.

Unfortunately or fortunately it is impossible. I think that bitcoin will lose its leadership rather than become so expensive.

p i e c e

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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.

That is why I do believe that we will never see that 1 Satoshi price is a dollar. It is difficult to imagine that somebody will buy BTC for such a great sum of money.

wdelius

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Open and Transparent Science Powered By Blockchain

There have been several proposals for denomination. I believe Jimmy Song is putting forth the idea of bits.

Big Show

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I think it's hard and probably will not happen. If that happens then the possibility in the near future bitcoin will experience bubble and erupt.

criss ronaldo

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Almost impossible to happen if that happen just go in many faucets and your already rich without doing any effort at all.
But for example this happened probably there will be a value lower than satoshi example 1000 nakamoto is equal to 1 satoshi ..
Also there bitcoin price is where increace it's price so high about million dollars or billion. But this post is really unrealistic at all im sure this will never happened

jayveerastrullo

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This scenario is impossible to happen. If this happen there is must be a problem with the system. You need a lot of satoshi to make $1, A LOT.

mkcube

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But,however if it is does maybe the national currency will arrange by creating cents so that to accomodate the exchange if goods and money. It is great that satoshi will cost $1. Bitxoin this time will be considered more precious than gold.

vnck25

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If this happens bitcoin would be more valuable than gold in my opinion. Due to the limited amount of bitcoins (21 million in total supply) this could happen very well in the future. If you think about the dramatic fluctuations in bitcoin price, 1 sat = 1 USD is plausible.
One crucial think about cryptocurrencies that they are decentralized so that means the entire community needs to agree on a change or a modification. If the community thinks that such a change is needed for the betterment of the coin, then I will that change/modification will happen. Hope this answers both your questions.

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