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btcprospecter
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January 05, 2016, 12:26:12 AM
 #61
Like most people said why the need for a whole bitcoin when fractions of one can be used no different
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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January 05, 2016, 12:31:42 AM
 #62
Some currencies are worth more than others. Just like the 1 Iranian Rial only worth about 0.08 bit, while 1 British Pound worth about 3,400 bits.
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January 05, 2016, 08:19:04 AM
 #63
In the near future when bitcoins will be widely and globally accepted and adopted by every single people around the world. even 1 satoshi will have its value. cant for the time that 1 satoshi can get me a cone of ice cream, well im hoping i will live long enough to witness it.

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January 11, 2016, 09:01:42 PM
 #64
Quote from: pinoycash on January 05, 2016, 08:19:04 AM
In the near future when bitcoins will be widely and globally accepted and adopted by every single people around the world. even 1 satoshi will have its value. cant for the time that 1 satoshi can get me a cone of ice cream, well im hoping i will live long enough to witness it.

If the bitcoin price is $1m, 1 Satoshi is worth about a cent. We need the bitcoin price to be $100 million for a satoshi to buy a cone of ice cream.
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March 23, 2016, 04:30:03 AM
 #65
Quote from: Holliday on December 02, 2015, 08:19:43 PM
Why does everyone need a whole Bitcoin?

Because you cannot do much with less than $400 and people need to do lots of things in their day-to-day activities.
25hashcoin
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March 23, 2016, 05:23:15 AM
 #66
Quote from: Goms on March 23, 2016, 04:30:03 AM
Quote from: Holliday on December 02, 2015, 08:19:43 PM
Why does everyone need a whole Bitcoin?

Because you cannot do much with less than $400 and people need to do lots of things in their day-to-day activities.
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March 23, 2016, 05:55:51 AM
 #67
There are also other CC, that would add value
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March 23, 2016, 07:18:41 AM
 #68
it will all come down to how many people are going to be using bitcoin in the end (7 billion or just a couple million) and also bitcoin price.
and both of these two have a hand in hand relationship. higher price will make more people use it and more people using it will lead to higher prices.
and high price means 1 satoshi is worth something, and as it was pointed out earlier there is 8 decimals after bitcoin.
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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