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Author Topic: What will happen when 1 satoshi is $ 1?  (Read 15005 times)
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March 13, 2017, 09:35:51 PM

Wow, this thread gave me good laugh Cheesy. Guys, do you seriously discussing about it? 12 pages of discussions about impossible thing. 1 satoshi = $1. 1 Bitcoin = $100 000 000, yeah, it's a real thing, let's dream about it Cheesy. But offcourse, this thread is perfect place for signature spammers.

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March 13, 2017, 09:58:37 PM

Just make a simple calculation to figure out that this would never happen.

There will be 21,000,000 Bitcoins x 100,000,000 Satoshi what is 2,100,000,000,000,000 Satoshi at maximum. Divided through approx. 10 billion people in 2140, this would be a average wealth of $210,000 of each human-being in the world.

Not to mention the technical side. You have to pay at least 1 Satoshi (=$1) in fee. Nobody would accept those high fees.

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March 13, 2017, 10:01:43 PM

if I say one satoshi for $ 1, I said "YES" for a lot of paper currency printed I think there is no problem for 1 satoshi $ 1

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March 13, 2017, 10:37:08 PM

Just make a simple calculation to figure out that this would never happen.

There will be 21,000,000 Bitcoins x 100,000,000 Satoshi what is 2,100,000,000,000,000 Satoshi at maximum. Divided through approx. 10 billion people in 2140, this would be a average wealth of $210,000 of each human-being in the world.

Not to mention the technical side. You have to pay at least 1 Satoshi (=$1) in fee. Nobody would accept those high fees.
Quite simple, we will need various denomination after satoshi , it could be milisatoshi? Etc
The scenario such as this one is anticipatef already since long time ago.
As this matter is a basic issue about currency, nothing to worry.

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March 13, 2017, 10:49:58 PM

Wow, this thread gave me good laugh Cheesy. Guys, do you seriously discussing about it? 12 pages of discussions about impossible thing. 1 satoshi = $1. 1 Bitcoin = $100 000 000, yeah, it's a real thing, let's dream about it Cheesy. But offcourse, this thread is perfect place for signature spammers.

so i am sure that there will be many bitcoin user is going to be a richer person in the earth and they can buy everything they want without nothing to lose. they can have enjoy their time without working and they can spend their money in every place. i imagine this will realize in the future and there will be no more poor people in the world.

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March 13, 2017, 11:12:18 PM

i think it's not possible cuz that's will mean 200 Trillion dollar marketcap when btc amount hit 20 million pieces ...its like 200 time US budget
i think that's can happen only if no paper money used / only btc
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March 13, 2017, 11:22:59 PM

If you know how bitcoin's price is determined, than simply that seems impossible nowdays. That means everyone will go and sell their bitcoin for 1 dollar. I say that impossible because now people wants to get rised bitcoin.
If we still think bitcoin is 1$, from nowdays reality, it will be hype and fall of bitcoin's reputation, consume.

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March 14, 2017, 12:54:22 AM

This wont hapen, its impossible such value at bitcoin, bitcoin might reach 20k-50k dollars for single unit but above those i really doubt someone will support such prices, would mean almost 10% more new bilionaires without any effort.

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March 14, 2017, 01:00:03 AM

This will be great a 1:1 ratio will makes satoshi holder rich if so

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March 14, 2017, 01:34:29 AM

If one Satoshi is to be valued at 1 USD, then I guess a lot of us here will be very rich. I am getting so many Satoshi for making this post while wearing BitMixer signature tag. Well, however I really doubts if anyone of us will be able to enjoy those coins when the hypothetical scenario really happen - it may happen, but probably not in our lifetime, or when we are old.

On the business/economy side, there will be two after-scenarios.

1. Bitcoin become an investment scheme
2. Bitcoin become the world's currency.

I hope for the latter as I do not want to see Bitcoin becoming just an investment tool. I wish to see Bitcoin as a form of currency.
And that's why I have set-up http://www.thebitzone.com/, a forums to discuss Bitcoin for it general uses and not it technical side - sorry for the "shameless" promotion.

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March 14, 2017, 01:54:13 AM

This wont hapen, its impossible such value at bitcoin, bitcoin might reach 20k-50k dollars for single unit but above those i really doubt someone will support such prices, would mean almost 10% more new bilionaires without any effort.
To reach $20-$50k itself not realistic, because if something gets a much increased value compared to all the currencies as well investment assets the system should be able to give cent percent outcome which is not possible. If you consider gold one can assure with its value backed system that the growth might happen.

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March 14, 2017, 02:01:58 AM

This wont hapen, its impossible such value at bitcoin, bitcoin might reach 20k-50k dollars for single unit but above those i really doubt someone will support such prices, would mean almost 10% more new bilionaires without any effort.
To reach $20-$50k itself not realistic, because if something gets a much increased value compared to all the currencies as well investment assets the system should be able to give cent percent outcome which is not possible. If you consider gold one can assure with its value backed system that the growth might happen.

Have to agree. If we get this much confidence in bitcoin, I feel we would be using other cryptos, and the total market capitalization wouldn't be so focused on bitcoin (or whatever happened to her the price so high). Also, fees become an issue at this point, if it's feasible to send a single satoshi (hell, it's worth a buck) will we need sub satoshi bitcoin values to address the fees? Even at a one satoshi fee, we are looking at a 100 percent commission on transactions, which is absolute insanity.

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March 14, 2017, 02:23:11 AM

I don't believe satoshi's such an expanded esteem. If it's happen then a bitcoin rate may be 100,000,000$ Shocked


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March 14, 2017, 04:37:39 AM

Wow, this thread gave me good laugh Cheesy. Guys, do you seriously discussing about it? 12 pages of discussions about impossible thing. 1 satoshi = $1. 1 Bitcoin = $100 000 000, yeah, it's a real thing, let's dream about it Cheesy. But offcourse, this thread is perfect place for signature spammers.

It is not impossible to happen, though it might take some time before this thing going to happen. OP was just trying to have our thoughts about this, because it is really great if this dream will come true, this could make us millionaires or even billionaires if we are holding large amount of bitcoins. If the SEC will approved bitcoin ETF, let's just say that they gave it another shot, then it will surely happens that 1 satoshi will become $1, and the bitcoins price would continue to rise until it reach its highest peak.

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March 14, 2017, 04:39:16 AM

if I say one satoshi for $ 1, I said "YES" for a lot of paper currency printed I think there is no problem for 1 satoshi $ 1


Exactly, me too it is in favor to me. That would be great and everyone will be rich then. I do not have 1btc but lots of satoshi.
Seeing this in reality, i think it may take decades reaching this high price.

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March 14, 2017, 05:44:21 AM

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?

If that should happen, then it equally means 1btc has increased to another extremely high position which I feel it wont get to that without attracting attention that might want  to curtail such influence. However, if that eventually happens then we should be ready to pay for a $1000 for transactions fee or even more than that.

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mornabo
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March 14, 2017, 06:00:44 AM

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.
of course it is impossible to happen, if it happens I can not imagine the state of the world at that time possible chaos or world war going on or maybe dollar experienced enormous inflation


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gabbie2010
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March 14, 2017, 06:09:29 AM

well this is just a mere speculation, but if it's turn to a reality then Bitcoin owner will be billionaires and people will pay more attention to faucets in getting satoshi. Then Bitcoin will gain more popularity universally as people are showing more in it daily.

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carlfebz2
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March 14, 2017, 06:13:40 AM

well this is just a mere speculation, but if it's turn to a reality then Bitcoin owner will be billionaires and people will pay more attention to faucets in getting satoshi. Then Bitcoin will gain more popularity universally as people are showing more in it daily.
Faucets wont exist on those days for sure since even giving out satoshi per claim its really worth it and people who hold bitcoin wouldnt plan to build one because $1 is too much for each claim on a faucet. There would be lots of millionaires in that case and even those who just hold 0.01 btc is considered millionaire.



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RedX
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March 14, 2017, 07:22:49 AM

In your dream maybe but in reality its impossible to happen. I agree with some people that bitcoin can reach $100, 000. Even if some people manipulate the market on bitcoin not even a chance.

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