SeraaMasumi (OP)
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Activity: 22
Merit: 1
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December 07, 2017, 01:09:42 PM |
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Do you think there will be a day when faucets ended up
giving out only 1 satoshi?
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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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tanghere1
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December 07, 2017, 01:12:25 PM |
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That's not far from happening. Today's faucet on freebitco.in is 14 satoshi so if the price of bitcoin keeps pumping we might experience the 1 satoshi faucet.
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andthereyou
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December 07, 2017, 01:24:56 PM |
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Correct! The time is near. Since bitcoin price is very high and not likely to do a dive.
I was doing faucet many months ago and the usual given to me was 100sat and the price of bitcoin at that time was 1% of the current price. So let us see when will come when 1 sat is the minimum in faucets.
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BitCoinKeeper
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Activity: 89
Merit: 10
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December 07, 2017, 01:27:45 PM |
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That's not far from happening. Today's faucet on freebitco.in is 14 satoshi so if the price of bitcoin keeps pumping we might experience the 1 satoshi faucet.
There will come the day when 1 Satoshi will equal $1.00 USD, Hang in there |
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hiscall
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December 07, 2017, 01:40:57 PM |
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Do you think there will be a day when faucets ended up
giving out only 1 satoshi?
not in near future because this mean price of bitcoin more than 1,000,000$. faucets most gain huge demand because exchange sites is risky and bitcoin price high |
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Jltan
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Activity: 61
Merit: 10
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December 07, 2017, 01:49:33 PM |
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That's not far from happening. Today's faucet on freebitco.in is 14 satoshi so if the price of bitcoin keeps pumping we might experience the 1 satoshi faucet.
There will come the day when 1 Satoshi will equal $1.00 USD, Hang in there Yes i would say it is totally impossible for that to happen. The whole fortune in the world wouldn't amount to 10% of the value of "1 Satoshi @ $1 USD" even in 100 years and assuming that bitcoin has become the "only" currency then. |
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Sahyadri
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December 07, 2017, 01:54:53 PM |
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This might become true soon as Bitcoin's price raises even more higher. I logged in my freebitco.in account recently to find out that they are giving out just 14 satoshis now. Earlier it was 80 satoshis and now they have decreased it massively. So there are pretty good chances that faucets will give out less than 10 staoshis very soon. Faucets are worthless these days and it's better to stop wasting time on such websites. Better to work for bitcoins on forum and websites than to spend time on faucets.
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gesdan
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December 07, 2017, 02:13:04 PM |
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as i know if the bitcoin price is rising up and demand in bitcoin still higher than stock in the market, it will be okay for faucet to give 1 satoshi for the payment, maybe someday 1 satoshi =$1 all people in the world that hold bitcoin will happy to hear that 1 satosh =$1
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ShadowBits
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December 07, 2017, 02:33:49 PM |
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Do you think there will be a day when faucets ended up
giving out only 1 satoshi?
Yes, there will be a possibility that it will happen. I will hope that 1 satoshi will be equivalent to 1 USD. |
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rj_kawawa
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Activity: 108
Merit: 10
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December 07, 2017, 04:12:10 PM |
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That's not far from happening. Today's faucet on freebitco.in is 14 satoshi so if the price of bitcoin keeps pumping we might experience the 1 satoshi faucet.
There will come the day when 1 Satoshi will equal $1.00 USD, Hang in there If that will happened all bitcoiners will be happy especially me, eventhough I only have small amount of bitcoin on my wallet but atleast I earn from it. With the price today I think it is possible. I'll still wait that it will come. |
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habibruis
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Activity: 328
Merit: 20
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December 07, 2017, 04:38:16 PM |
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Those who owner a little amount of Bitcoin are praying for this. But I think it needed more time. We can say that Bitcoin's good days are going on now. It is not impossible to come bad days in future.
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alphaomega.f
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Activity: 154
Merit: 11
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December 07, 2017, 05:30:09 PM |
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i think so. but that will not happen.. yet i think, since the price of bitcoin now is escalating at a higher rate.
better save now....
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riskarcher
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December 07, 2017, 05:44:16 PM |
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That's not far from happening. Today's faucet on freebitco.in is 14 satoshi so if the price of bitcoin keeps pumping we might experience the 1 satoshi faucet.
There will come the day when 1 Satoshi will equal $1.00 USD, Hang in there If that will happened all bitcoiners will be happy especially me, eventhough I only have small amount of bitcoin on my wallet but atleast I earn from it. With the price today I think it is possible. I'll still wait that it will come. yap one day may be 1 satoshi will be very valuable to be used for transactions on ecommerce website. may be difficult to implement for the next 5-6 years because the bitcoin is now not a transaction tool but has become an investment. different if bitcoins managed by the government may be realized as such |
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chickenado
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December 07, 2017, 05:46:49 PM |
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Do you think there will be a day when faucets ended up
giving out only 1 satoshi?
Possible that will happen,i also have little satoshi from freebitco.in but lately i rarely open that site tired of betting and theres nothing happen..when a friend told me that faucet for now is a waste of time and think that id rather focus on this forum doing campaigns to earn btc but still hoping that 1 satoshi would be worth it in the coming days or years.So far bitcoins value positively increases this will be a big help to those who have little amount of btc in their wallet. |
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TTITA
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December 07, 2017, 07:35:12 PM |
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That's not far from happening. Today's faucet on freebitco.in is 14 satoshi so if the price of bitcoin keeps pumping we might experience the 1 satoshi faucet.
There will come the day when 1 Satoshi will equal $1.00 USD, Hang in there If that will happened all bitcoiners will be happy especially me, eventhough I only have small amount of bitcoin on my wallet but atleast I earn from it. With the price today I think it is possible. I'll still wait that it will come. yap one day may be 1 satoshi will be very valuable to be used for transactions on ecommerce website. may be difficult to implement for the next 5-6 years because the bitcoin is now not a transaction tool but has become an investment. different if bitcoins managed by the government may be realized as such the value of 1 satoshi is the smallest value of Bitcoin itself, although currently bitcoin has increased sharply, unfortunately followed by high cost also for each transaction, released from the web page https://bitcoinfees.earn.com, mentioned that a transaction that costs just 1 satoshi will take up to many days, so it makes the value of 1 satoshi extremely useless for now. |
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flippener
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December 07, 2017, 10:56:45 PM |
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I'm sure the faucets will find a solution if satoshis become high value - for example, they will credit you 0.1 satoshi each time, so actually giving you 1 satoshi every 10 claims.
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Rozita
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December 07, 2017, 11:03:19 PM |
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Do you think there will be a day when faucets ended up
giving out only 1 satoshi?
not in near future because this mean price of bitcoin more than 1,000,000$. faucets most gain huge demand because exchange sites is risky and bitcoin price high Freebitco is now giving 12 satoshi to claimers which is equivalent to 0.002 dollar. If 0.002 dollar is equivalent to 1 satoshi, every bitcoin should worth 200000 dollar. |
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Willitivity
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December 07, 2017, 11:09:30 PM |
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As quite funny and ridiculous it may sound,
With the continuous rise in the price of Bitcoin and owing to the fact that faucets are sparingly used these days, it wouldn't be weird to see some faucets giving out 1 satoshi for claims, maybe by then, the value of 1 satoshi could be substantial.
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JohnsonX
Member
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Activity: 120
Merit: 10
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December 07, 2017, 11:09:35 PM |
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There will come the day when 1 Satoshi will equal $1.00 USD, Hang in there
If that will happened all bitcoiners will be happy especially me, eventhough I only have small amount of bitcoin on my wallet but atleast I earn from it. With the price today I think it is possible. I'll still wait that it will come. If my math is correct: 1 Satoshi = 1 USD would mean 1 BTC = 100,000,000 USD. Or total BTC (btc only!) marketcap of 2,1 Quadrillion USD (2,100,000,000,000,000 USD) or 7167 times the current BTC marketcap or 7 times more than the current estimated worldwide wealth (~300 trillion). Don't hold your breath.  |
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sunsilk
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December 07, 2017, 11:12:26 PM |
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Do you think there will be a day when faucets ended up
giving out only 1 satoshi?
We are near to that stage that bitcoin is totally worth a lot of money and faucets can't attain to give hundreds to thousand of satoshi's but they will be ending up giving 1 satoshi and even can go with decimal point. And what do you think if the value of bitcoin is really high and 1 satoshi = $1? It makes sense that these faucets will keep on adjusting their rates. In everything that uses bitcoin for payments will be adjusting on these situations and rates as they will be depending on dollars value. |
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