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Author Topic: What will happen when 1 satoshi is $ 1?  (Read 16137 times)
andrei56
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March 10, 2017, 03:30:41 AM
 #201

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?
The only thing that could make it happen would be a collapse in the economy, something unprecedented. In this case there would be a chance that fiat currencies would lose much value, and people would migrate to a more efficient currency. But as we all know, the Bitcoin network is not yet ready to deal with such traffic.
While the economies will need to collapse to see that kind of price, it is not as difficult to believe since the economies are as vulnerable as they have ever been, so while it is unlikely, it is possible.

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March 10, 2017, 06:57:17 PM
 #202

Probably might not happen.. but if it happens might take over 100 years or another 2 world war..
of course, will never happen. Imagine how easy it is to earn $ 1 when 1 satoshi worth $ 1. I thought this would never happen. despite the war going on though dollar was the strongest currency so it is unlikely the dollar will be worth very cheap
If a satoshi was equivalent to 1 dollar you can bet that obtaining a satoshi will not be as easy as it is today, you can earn a few hundreds of satoshis through faucets, but if satoshi was worth a dollar and faucets still existed by that time you can be sure you will need to claim hundreds of time from the faucet just to get 1 satoshi.



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March 10, 2017, 07:02:07 PM
 #203

Probably might not happen.. but if it happens might take over 100 years or another 2 world war..
of course, will never happen. Imagine how easy it is to earn $ 1 when 1 satoshi worth $ 1. I thought this would never happen. despite the war going on though dollar was the strongest currency so it is unlikely the dollar will be worth very cheap
If a satoshi was equivalent to 1 dollar you can bet that obtaining a satoshi will not be as easy as it is today, you can earn a few hundreds of satoshis through faucets, but if satoshi was worth a dollar and faucets still existed by that time you can be sure you will need to claim hundreds of time from the faucet just to get 1 satoshi.
That is right at that time none of the faucet will give a satoshi with just one claim as it will be worth higher than a claim. At that time there will be a need of further sub division of satoshi so that to maintain the regulation of it in the market. As then no one will be able to buy cheap things with bitcoin payment.



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March 13, 2017, 07:50:40 AM
 #204

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?

When is 1 satoshi equivalent to 1 dollar? It is nice tho! You can buy and do anything for just one cent. If we reach 1 satoshi in 1 dollar, so does it mean we can't reach 1 btc because one satoshi is very valuable to us.   

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March 13, 2017, 08:04:35 AM
 #205

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?

When is 1 satoshi equivalent to 1 dollar? It is nice tho! You can buy and do anything for just one cent. If we reach 1 satoshi in 1 dollar, so does it mean we can't reach 1 btc because one satoshi is very valuable to us.   
yeah , But here if the system of the transaction charge remained same than no one will make delays below of 10000$ .
Because this is a simple logic of every simple thinking person that if you will make transaction of 1$ then you will pay fee of 0.0001btc ( atleast ) that will be equal to10000$  Grin .
Well currently this price of 1$=1satoshi is impossible ( atleast for 10 year this is not possible ) .


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March 13, 2017, 08:15:51 AM
 #206

I wish it happens for an instant then I'll be a millionire in no time just like winning the lottery jackpot. No other altcoin can beat BTC, it would be more popular and the population would get bigger. Early adopters would be desperate on how to get a single satoshi.

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March 13, 2017, 08:59:24 AM
 #207

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?

Wow! if one satoshi will become 1 dollar for sure all bitcoin lovers who keep and hold their bitcoin will become rich instantly. But isn't its impossible that to be happen? But I think if that happen too reaching 1 BTC will be very hard to achieve it Cheesy

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March 13, 2017, 09:13:04 AM
 #208

If satoshi is equivalent to $1 then most of people here will not work anymore. They can become rich on a very easy way by selling the bitcoins they've got. And I wish that this will happen very soon so that I can buy the things that I keep on dreaming on. Most of the bitcoin users will be rich enough and have a decent life to live.

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March 13, 2017, 09:26:39 AM
 #209

If satoshi is equivalent to $1 then most of people here will not work anymore. They can become rich on a very easy way by selling the bitcoins they've got. And I wish that this will happen very soon so that I can buy the things that I keep on dreaming on. Most of the bitcoin users will be rich enough and have a decent life to live.

You will be rich, I will be rich, mostly people from here  and few others. In this case current faucet prize at 200 satoshis per claim would be equivalent to 200 dollars in some moment in future. From this angle we cam became rich just from faucets.
Who knows when will this happen, price needs to be 100 millions for one btc, that even sounds impossible, but if that happen bitcoin code can be broken to more decimals, maybe we should try to create new name for new smallest bitcoin unit.

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March 13, 2017, 09:29:06 AM
 #210

All bitcoin users will be rich totally.Bitcoins will be harder and harder and mabe not be mined anymore or cannot obtain for free if 1 satoshi reaches 1$ mark.Sound impossible but ehat we know in what will happen in the future

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March 13, 2017, 09:30:09 AM
 #211

I wish it happens for an instant then I'll be a millionire in no time just like winning the lottery jackpot. No other altcoin can beat BTC, it would be more popular and the population would get bigger. Early adopters would be desperate on how to get a single satoshi.
logically it might not happen mate because you know get 1 satoshi is very easy thing right ?
surely everyone in the world would be rich if this happens?
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March 13, 2017, 09:37:48 AM
 #212

Just imagine all the money that needs to be put in BTC for this to happen.

It surely wont happen during our lifetime IMO.

But sure, would be nice as all bitcoin holders would be crazy rich, which I doubt. Imagine a holder of 1000 BTC in this scenario.

The regular economy doesn't even have this amount of money to put in if not all money that exists is being put in the system.

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March 13, 2017, 09:42:22 AM
 #213

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 the maximum price which Bitcoin can ever reach is when 1 satoshi equals 1 cent, or $0.01. In that case the price of 1 Bitcoin will be $1,000,000 and thus the Market Cap of will be roughly around $15,000,000,000,000, or $15 trillion, which is probably not enough for Bitcoin being the only currency in the world but relatively similar to how many us dollars are in circulation today.

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March 13, 2017, 09:59:35 AM
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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 the maximum price which Bitcoin can ever reach is when 1 satoshi equals 1 cent, or $0.01. In that case the price of 1 Bitcoin will be $1,000,000 and thus the Market Cap of will be roughly around $15,000,000,000,000, or $15 trillion, which is probably not enough for Bitcoin being the only currency in the world but relatively similar to how many us dollars are in circulation today.
Exactly, that meaning 100 times more than $15,000,000,000,000 if 1 satoshi should reach 1 dollar. Seems not possible in my eyes at all.

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March 13, 2017, 10:58:01 AM
 #215

I wish it happens for an instant then I'll be a millionire in no time just like winning the lottery jackpot. No other altcoin can beat BTC, it would be more popular and the population would get bigger. Early adopters would be desperate on how to get a single satoshi.
logically it might not happen mate because you know get 1 satoshi is very easy thing right ?
surely everyone in the world would be rich if this happens?

Some people were utterly delighted in the past, when they managed to convince someone to sell them two pizzas for 10,000 Bitcoins.

Even a minimum wage employee could have bought tens of thousands of bitcoins per year, had they so desired.
Surely everyone in the western world would have become rich if that were the case....

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March 13, 2017, 11:00:44 AM
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I wish it happens for an instant then I'll be a millionire in no time just like winning the lottery jackpot. No other altcoin can beat BTC, it would be more popular and the population would get bigger. Early adopters would be desperate on how to get a single satoshi.
logically it might not happen mate because you know get 1 satoshi is very easy thing right ?
surely everyone in the world would be rich if this happens?

Some people were utterly delighted in the past, when they managed to convince someone to sell them two pizzas for 10,000 Bitcoins.

Even a minimum wage employee could have bought tens of thousands of bitcoins per year, had they so desired.
Surely everyone in the western world would have become rich if that were the case....


Though these Bitcoins still exists so someone has prolly made some nice profits Wink

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March 13, 2017, 11:12:19 AM
 #217

If satoshi is equivalent to $1 then most of people here will not work anymore. They can become rich on a very easy way by selling the bitcoins they've got. And I wish that this will happen very soon so that I can buy the things that I keep on dreaming on. Most of the bitcoin users will be rich enough and have a decent life to live.

You will be rich, I will be rich, mostly people from here  and few others. In this case current faucet prize at 200 satoshis per claim would be equivalent to 200 dollars in some moment in future. From this angle we cam became rich just from faucets.
Who knows when will this happen, price needs to be 100 millions for one btc, that even sounds impossible, but if that happen bitcoin code can be broken to more decimals, maybe we should try to create new name for new smallest bitcoin unit.

Basically all of us who are into bitcoin will become rich. Even there are a lot that aren't getting enough bitcoin / mBTC then most of us will be rich on the easiest and fastest way that way. I'm waiting for this day to happen and if that happens then there's no need to think about where we should get the money that we need to spend and buy our needs.

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March 13, 2017, 11:17:40 AM
 #218

If satoshi is equivalent to $1 then most of people here will not work anymore. They can become rich on a very easy way by selling the bitcoins they've got. And I wish that this will happen very soon so that I can buy the things that I keep on dreaming on. Most of the bitcoin users will be rich enough and have a decent life to live.

You will be rich, I will be rich, mostly people from here  and few others. In this case current faucet prize at 200 satoshis per claim would be equivalent to 200 dollars in some moment in future. From this angle we cam became rich just from faucets.
Who knows when will this happen, price needs to be 100 millions for one btc, that even sounds impossible, but if that happen bitcoin code can be broken to more decimals, maybe we should try to create new name for new smallest bitcoin unit.

Basically all of us who are into bitcoin will become rich. Even there are a lot that aren't getting enough bitcoin / mBTC then most of us will be rich on the easiest and fastest way that way. I'm waiting for this day to happen and if that happens then there's no need to think about where we should get the money that we need to spend and buy our needs.
But do you really think it will happen? Kindly see my posts above.

Best Regards,

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March 13, 2017, 02:35:37 PM
 #219

If satoshi is equivalent to $1 then most of people here will not work anymore. They can become rich on a very easy way by selling the bitcoins they've got. And I wish that this will happen very soon so that I can buy the things that I keep on dreaming on. Most of the bitcoin users will be rich enough and have a decent life to live.

You will be rich, I will be rich, mostly people from here  and few others. In this case current faucet prize at 200 satoshis per claim would be equivalent to 200 dollars in some moment in future. From this angle we cam became rich just from faucets.
Who knows when will this happen, price needs to be 100 millions for one btc, that even sounds impossible, but if that happen bitcoin code can be broken to more decimals, maybe we should try to create new name for new smallest bitcoin unit.

Basically all of us who are into bitcoin will become rich. Even there are a lot that aren't getting enough bitcoin / mBTC then most of us will be rich on the easiest and fastest way that way. I'm waiting for this day to happen and if that happens then there's no need to think about where we should get the money that we need to spend and buy our needs.
But do you really think it will happen? Kindly see my posts above.

Best Regards,

I can not believe that that can happen, it's just a dream, and that dream never existed. Bitcoins are always produced in large quantities every year, so if the price goes up dramatically, an economic crisis can happen. Moreover, the value of bitcoin depends on cash, and cash is always a decisive factor; the government will not let that bitcoin rise so much, because if it does, cash will eventually lose value, and The government can not manage the economy. Legally, bitcoin is still not recognized as the main currency, it is only applicable in some countries. I assert: that value is unlikely

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March 13, 2017, 02:49:45 PM
 #220

Lucky are those who were holding their bitcoin they must be a billionaire or millionaire on those times. However for now that was merely possible yet not impossible as well.


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