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Title: 100 bits = $1 USD Post by: yogg on November 28, 2017, 09:31:00 PM I thought this thought is kinda amazing and felt like sharing. :)
100 bits = 10,000 satoshis. So .. 100 sat = $0.01 USD .. Who knows how many USD you'll need to afford a single satoshi in the future. :D What about faucets ? It's amazing. And Bitcoin is not even 10 years old ... ... Just my 2 sats. Title: Re: 100 bits = $1 USD Post by: AngelOnCrypto on November 30, 2017, 07:22:57 PM Yeah, some denomination will be needed in order to get mainstream adoption.
Paying for coffee with 0.0001 BTC? People will start making mistakes with all these nulls and will get pissed off. I am still flawless with my transactions and I think it's a miracle I haven't made a mistake, but I have accepted upfront that these days will come. Title: Re: 100 bits = $1 USD Post by: ralle14 on November 30, 2017, 07:54:48 PM Yeah, some denomination will be needed in order to get mainstream adoption. An exchange or some type of platform is needed if users want to send/receive amounts ranging from 0.0001 below because small inputs could start stacking up and miner fees will kill both sides if payments were sent on chain.Paying for coffee with 0.0001 BTC? People will start making mistakes with all these nulls and will get pissed off. I am still flawless with my transactions and I think it's a miracle I haven't made a mistake, but I have accepted upfront that these days will come. We'll see faucets rewarding 1 satoshi per captcha if bitcoin hits $100k and it'll take forever before reaching the faucet's minimum threshold. Title: Re: 100 bits = $1 USD Post by: seizetehday5 on November 30, 2017, 08:19:42 PM Yeah, some denomination will be needed in order to get mainstream adoption. Paying for coffee with 0.0001 BTC? People will start making mistakes with all these nulls and will get pissed off. I am still flawless with my transactions and I think it's a miracle I haven't made a mistake, but I have accepted upfront that these days will come. It is for that exact reason that this one trader thinks that bitcoin needs to be a million to be legit currency. I think it will be legitimate long before that but that is probably the tipping point between hoarding it and actually using it as everyday cash (granted the fees are nominal and not outrageous). https://www.marketwatch.com/story/bitcoin-needs-to-be-worth-1000000-to-be-a-legitimate-currency-2017-09-15 Title: Re: 100 bits = $1 USD Post by: hacker1001101001 on November 30, 2017, 08:23:22 PM I thought this thought is kinda amazing and felt like sharing. :) Yes one should now understand the capacity of bitcoin and start collecting it as much as you can and try not to sell in in some comming years this will surealy make them rich onces. BTC is a very high potential currency and it can make a big change in the global curency use. In coming years i think a sat will also cost very high so start investing now.100 bits = 10,000 satoshis. So .. 100 sat = $0.01 USD .. Who knows how many USD you'll need to afford a single satoshi in the future. :D What about faucets ? It's amazing. And Bitcoin is not even 10 years old ... ... Just my 2 sats. Title: Re: 100 bits = $1 USD Post by: shield132 on November 30, 2017, 08:35:43 PM I thought this thought is kinda amazing and felt like sharing. :) Man no one knew if price would skyrocket, now 0.0001btc =1$ and some years ago it was very easy to collect that 1$ by filling capture once in hour. And with 5-6 highpaying faucets and current price, it was very easy to earn 10$ in 4-5 hour. So I believe if anyone knew, no faucet would offer so big price and faucet users/abusers would be on it for 24 hour.100 bits = 10,000 satoshis. So .. 100 sat = $0.01 USD .. Who knows how many USD you'll need to afford a single satoshi in the future. :D What about faucets ? It's amazing. And Bitcoin is not even 10 years old ... ... Just my 2 sats. |