Topic: Will Dollar worth 0.0001 BTC one day - page 5. (Read 5605 times)
Might happen for the simple reason that they keep printing money and BitCoins cannot be printed (and mining is increasingly limited).
gold is inflating ? 
If we find a huge deposit of gold that equals 5% or even 10% of the total gold supply , how would you call that?
Perhaps in the future bitcoins will reach $10,000 or even more but in this time it's difficult to see this happening as bitcoins is in the $1000 and little above and below area,and jumping in price (after already reaching a large amount) ten times is difficult.
of course and even higher. As faith and the subsequent value drains from fiat after each bail in (Cyprus), currency collapse (Argentina), QE(Japan, US, UK) etc etc, more faith and its value will flow into BTC and probably WDC as well as gold and silver and other tangibles. Value will be split into totallt tangibles, and total intangibles, everything else in the middle, paper with an open end like hospital pants will be crapped out.
gold is inflating ?
A dollar can't be worth BTC0.00001, dollars aren't backed by anything. 
They will be backed by bitcoins!
Actually the US government is the only one that currently holds some and has stated that.
You cant back dollar with something else than trust, because dollar is inflating
A dollar can't be worth BTC0.00001, dollars aren't backed by anything.
They will be backed by bitcoins!
Actually the US government is the only one that currently holds some and has stated that.
They didn't buy it on gox but they still hold some bitcoins
Hmmm. Well, if they are backed by bitcoin i may have the give these dollar-coin things another look.
It wasn't about facilitating tax evasion , but it was supposed to be a safe way of storing your wealth against idiots running the government.
I dont think you can evade tax with Bitcoin, it is the same as dealing with cash only.
but I have never paid any tax on bitcoins its doing for me tax free and going ok in last 4 months happy to join this
It wasn't about facilitating tax evasion , but it was supposed to be a safe way of storing your wealth against idiots running the government.
I dont think you can evade tax with Bitcoin, it is the same as dealing with cash only.
Well , wasn't bitcoin supposed to be a savior because the government can't impose this called tax on something that they can't prove it's yours?
I don't know, was it? Facilitating tax evasion certainly wasn't the explicit goal.
If it was the goal, presumably Satoshi is building an army in some gulch somewhere. Or at least a bomb shelter.
I don't know. I haven't been invited. Have you?
And I don't envision the FBI running into every house and confiscate everything that could hold a wallet digital or physical.
There was a person who thought about having his pkey carved on a stone in the yard))
There was a person who thought about having his pkey carved on a stone in the yard
))They won't have to run into every house and confiscate everything, because most people will comply out of fear, just like they currently do with the income tax (which is probably the type of tax the US would impose anyway; among other things that saves them from having to deal with those constitutional issues given the 16th Amendment and everything).
It wasn't about facilitating tax evasion , but it was supposed to be a safe way of storing your wealth against idiots running the government.
And if it doesn't do that either , and this is demonstrated in the public , well... the future isn't looking too god.
If Bitcoin will be still alive, definitively possible 0.0001 BTC per dollar.
All you need is better infrastructure, like biggest merchants or poker sites accepting Bitcoin
All you need is better infrastructure, like biggest merchants or poker sites accepting Bitcoin
And if the government decides to shave 10% of bitcoin deposits , all banks will comply.
So , back to the Cyprus story but not with euros , with bitcoins
So , back to the Cyprus story but not with euros , with bitcoins
Well, that'd be unconstitutional here in the US, at least for the federal government, but assuming they got around the constitutional issues:
If the government imposes 10% intangible property tax on all citizens, I'm going to comply anyway.
If you already are or plan on engaging in criminal activity, then yeah, you probably shouldn't keep your money in the bank.
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Well , wasn't bitcoin supposed to be a savior because the government can't impose this called tax on something that they can't prove it's yours?
And I don't envision the FBI running into every house and confiscate everything that could hold a wallet digital or physical.
There was a person who thought about having his pkey carved on a stone in the yard
)) In the Future there should be something like bitcoin banks, for easy use.
For to use for normal people and not only nerds...
But is a long way to that.
Maybe in around 5-10 years, in case it will ever happen...
For to use for normal people and not only nerds...
But is a long way to that.
Maybe in around 5-10 years, in case it will ever happen...
Already a bank has been around and It din't go well at all.
Also , why entrust all the bitcoins with a bank?
Isn't that against everything bitcoins stands for?
I don't think so. Bitcoin stands against central banks, but not necessarily against decentralized banks.
Most of the problems we have in the banking industry are due to central banks, not due to the concept of having a place to securely store money.
And to answer Hermann, yeah, I do trust Coinbase. More than I trust the locks on my front door or my virus-protection software, anyway. Not to mention more than the average non-techie should trust him/herself. And in the future we'll have easy access to split-key technologies, so you don't have to trust Coinbase 100%.
You can't deposit money to your central bank.The central bank , well in most countries, is not taking deposits from people.
They deal only with private owned banks and enforce decisions.
And if the government decides to shave 10% of bitcoin deposits , all banks will comply.
So , back to the Cyprus story but not with euros , with bitcoins
In the Future there should be something like bitcoin banks, for easy use.
For to use for normal people and not only nerds...
But is a long way to that.
Maybe in around 5-10 years, in case it will ever happen...
For to use for normal people and not only nerds...
But is a long way to that.
Maybe in around 5-10 years, in case it will ever happen...
Already a bank has been around and It din't go well at all.
Also , why entrust all the bitcoins with a bank?
Isn't that against everything bitcoins stands for?
In the whole Cyprus hype , people tried to see bitcoin as a safe value that the government can't get their hands on. And how were doing the opposite?
In the Future there should be something like bitcoin banks, for easy use.
For to use for normal people and not only nerds...
But is a long way to that.
Maybe in around 5-10 years, in case it will ever happen...
For to use for normal people and not only nerds...
But is a long way to that.
Maybe in around 5-10 years, in case it will ever happen...
This reminds me of coinlenders
Traditional Banks cannot offer this service I believe, so what company would you trust with your Bitcoins ? Coinbase? I dont.
One us $ will be 1 uBTC :-)
This I doubt, it would mean 10 million USD / BTC. Even wall street analys showed max value to 0.1 million USD / BTC
ooops : 1µBTC = 10^-6 BTC thus 1BTC would be 1 Million $, not 10. Just for clarification.
Thanks for correction, makes it bit more likely, but still most likely not possible
1 Satoshi = $0.01. Why isn't that possible?
I even guess, that this was the initial plan:
1 Satoshi = $0.01
And it's very handy for calculating ;-)
In the Future there should be something like bitcoin banks, for easy use.
For to use for normal people and not only nerds...
But is a long way to that.
Maybe in around 5-10 years, in case it will ever happen...
For to use for normal people and not only nerds...
But is a long way to that.
Maybe in around 5-10 years, in case it will ever happen...
I think BTC will become a widely accepted form of payment as well as other online coins. But this is down the road, It currently helps us but as for the masses it has some growing to do and I believe it will.
A dollar can't be worth BTC0.00001, dollars aren't backed by anything.
They will be backed by bitcoins!
Actually the US government is the only one that currently holds some and has stated that.
They didn't buy it on gox but they still hold some bitcoins
One us $ will be 1 uBTC :-)
This I doubt, it would mean 10 million USD / BTC. Even wall street analys showed max value to 0.1 million USD / BTC
ooops : 1µBTC = 10^-6 BTC thus 1BTC would be 1 Million $, not 10. Just for clarification.
I see 2 possibilities
Prize 1BTC <10$ in case it will forbidden all over the world or. The system will crash
Or 1 BTC > 10 000$ up to 1 000 000$ depends on timetable :-)
Nothing in between
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