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Title: BIT parity - the rise of the BIT against world fiat currencies and other things Post by: molecular on July 13, 2014, 09:47:19 AM I found this gem: Bitcoin parity: what is a bitcoin worth? (https://bitcointalk.org/index.php?topic=27189.0)
Let's do this with the "bit". Here's the bit proposal again: Quote 1 satoshi = smallest unit, pretty much in general use today 1 bit = 100 satoshi, eventually every day use, coffee, sandwiches, etc. 1 XBT = 1 bit, should be the official symbol on all exchanges, forex, etc. 1 BTC = 1000000 bits = kept for dealing with larger amounts, may fade 1 Bitcoin/bitcoin as a currency unit fades away Bitcoin = the Bitcoin protocol Notice that 1 microBitcoin = 100 satoshi = 1 bit = 1 XBT So, what can you buy for 1 bit? Title: Re: BIT parity - the rise of the BIT against world fiat currencies and other things Post by: molecular on July 13, 2014, 09:50:31 AM For 1 bit, one can currently buy:
(it seems I'm missing some currencies here) next up in terms of world fiat currencies is the South Korean Won, which can be bought for 1 bit when the price of 1 Bitcoin reaches 981 USD. Title: Re: BIT parity - the rise of the BIT against world fiat currencies and other things Post by: theonewhowaskazu on July 14, 2014, 06:27:57 AM For 1 bit, one can currently buy:
(it seems I'm missing some currencies here) next up in terms of world fiat currencies is the South Korean Won, which can be bought for 1 bit when the price of 1 Bitcoin reaches 981 USD. How about yen? That seems like a rather convenient thong to compare to. Title: Re: BIT parity - the rise of the BIT against world fiat currencies and other things Post by: goxed on July 14, 2014, 06:41:37 AM note to myself, 1 bit = 0.000001 BTC(1e-6)
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