dree12 (OP)
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November 16, 2013, 04:53:13 PM |
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Recently, the satoshi exceeded 0.01 Uzbekistani som in value. [1]Why is this important? 0.01 Uzbekistani som is a Uzbekistani tiyin, which is the least valuable currency denomination used in the world. [2]The satoshi was originally designed to be small enough that even if Bitcoin blew up, people could transact well. At today's prices, the satoshi is finally a reasonable smallest denomination, reaching the levels of one government smallest denomination. Luckily, this is not a problem. More decimal places can easily be added in the future. In fact, there is room for 3 more decimal places yet! [3]The next target is the Burmese pya. We are around halfway there at current rates. References |
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safeminer
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November 16, 2013, 05:01:19 PM |
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Alty
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November 16, 2013, 05:08:52 PM |
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Fun fact of the day!  It's going to be interesting to watch how one Satoshi climbs the ranks of currency denominations as Btc price climbs. |
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alexeft
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November 16, 2013, 05:35:47 PM |
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Recently, the satoshi exceeded 0.01 Uzbekistani som in value. [1]Why is this important? 0.01 Uzbekistani som is a Uzbekistani tiyin, which is the least valuable currency denomination used in the world. [2]The satoshi was originally designed to be small enough that even if Bitcoin blew up, people could transact well. At today's prices, the satoshi is finally a reasonable smallest denomination, reaching the levels of one government smallest denomination. Luckily, this is not a problem. More decimal places can easily be added in the future. In fact, there is room for 3 more decimal places yet! [3]The next target is the Burmese pya. We are around halfway there at current rates. ReferencesGreat! Nice to know! Thanks!  |
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NUFCrichard
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November 16, 2013, 05:38:14 PM |
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Come on bitcoin, put that Burmese pya in its place!
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Casino Gambling Guy
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November 16, 2013, 05:41:29 PM |
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Math was never my strength so would someone kindly let me know in US dollars what bitcoin would have to be selling at for one satoshi to be worth one US cent.
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The best way to say thank you:
BTC: 1Mfq5PUZpBVd7nhQ6aMa5SeKxeDKKDyr6B eToken: eLJTb8KefyPhHNLpFDtQVhbs2hN2kGvBTD
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Casino Gambling Guy
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November 16, 2013, 05:57:16 PM |
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Math was never my strength so would someone kindly let me know in US dollars what bitcoin would have to be selling at for one satoshi to be worth one US cent.
One million dollars Ha ha, thanks. I'm picturing you imitating Mike Myers from Austin Powers while saying that |
The best way to say thank you:
BTC: 1Mfq5PUZpBVd7nhQ6aMa5SeKxeDKKDyr6B eToken: eLJTb8KefyPhHNLpFDtQVhbs2hN2kGvBTD
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lucaspm98
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November 16, 2013, 08:34:29 PM |
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Great news! One day it will be worth more than the lowest denomination of every currency!
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marcotheminer
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┴puoʎǝq ʞool┴
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November 17, 2013, 01:35:57 AM |
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Woooo thats awesome. It wont reach 0.01 usd i think
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٩(- ̮̮̃-̃)۶ (-(-_(-_-)_-)-) ٩(̾●̮̮̃̾•̃̾)۶ ♫♪.ılılıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llılılı.♫♪ »-(¯`·.·´¯)-> BTC <-(¯`·.·´¯)-« ♫♪.ılılıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llılılı.♫♪ ٩(̾●̮̮̃̾•̃̾)۶ (-(-_(-_-)_-)-) ٩(- ̮̮̃-̃)۶ ascii art source: 1lineart.kulaone.com
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ruletheworld
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November 17, 2013, 01:49:04 AM |
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Remarkable. Why isn't the media all over this  |
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torusJKL
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November 17, 2013, 06:47:50 AM |
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That's an interesting fact.
Thanks for sharing.
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Pente
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November 17, 2013, 09:28:30 AM |
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Woooo thats awesome. It wont reach 0.01 usd i think
The more I think about it though, the more I am convinced that it has to hit that value within two decades or die. I feel an economic war coming soon. |
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Rannasha
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November 17, 2013, 09:34:16 AM |
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Math was never my strength so would someone kindly let me know in US dollars what bitcoin would have to be selling at for one satoshi to be worth one US cent.
One million dollars <sirens> This is the Math Police! $0.01/1E8 = $100,000,000 USD One hundred million not one million dollars. No. Hundred million (10^8) satoshis per bitcoin, so $0.01 = 1 satoshi would imply that 1 BTC = 100,000,000 times $0.01, so $1M. |
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DeathAndTaxes
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Gerald Davis
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November 17, 2013, 09:35:35 AM |
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Math was never my strength so would someone kindly let me know in US dollars what bitcoin would have to be selling at for one satoshi to be worth one US cent.
One million dollars <sirens> This is the Math Police! $0.01/1E8 = $100,000,000 USD One hundred million not one million dollars. No. Hundred million (10^8) satoshis per bitcoin, so $0.01 = 1 satoshi would imply that 1 BTC = 100,000,000 times $0.01, so $1M. DOH. Your right. I am going to bed. |
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rampalija
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November 17, 2013, 11:35:12 PM |
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Fun fact of the day! It's going to be interesting to watch how one Satoshi climbs the ranks of currency denominations as Btc price climbs. it could be interest if satoshi reaches that price |
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exstasie
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November 18, 2013, 03:05:21 AM |
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wow. That's pretty cool if you think about it! There's also a cool website that shows the overall value of BTC in terms of value vs. other currencies, and when I last looked it was ranked #96 in the world! That was yesterday, so who knows now how much is grown since then! Edit: Looks like its at #89 now. http://coinometrics.com/bitcoin/bmix |
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markjamrobin
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November 18, 2013, 03:08:30 AM |
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wow. That's pretty cool if you think about it!
There's also a cool website that shows the overall value of BTC in terms of value vs. other currencies, and when I last looked it was ranked #96 in the world! That was yesterday, so who knows now how much is grown since then!
Can you link us? I would love to look, given the recent group, I'm sure it has jumped some. |
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exstasie
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November 18, 2013, 12:46:24 PM |
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wow. That's pretty cool if you think about it!
There's also a cool website that shows the overall value of BTC in terms of value vs. other currencies, and when I last looked it was ranked #96 in the world! That was yesterday, so who knows now how much is grown since then!
Can you link us? I would love to look, given the recent group, I'm sure it has jumped some. I did!! I added the link to my post. Here it is again: http://coinometrics.com/bitcoin/bmix |
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