Bitcoin Forum
October 08, 2024, 09:22:16 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin is the biggest financial system yet 2.1 quadrillion units, Fiat Gold?  (Read 792 times)
CtrlAltBernanke420 (OP)
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
January 26, 2014, 02:41:45 AM
 #1

If a satoshi ever achieves a competing value to the smallest unit in the dollar, a penny, in some notion bitcoin almost seems foolish compared to the amount the Federal reserve is printing.... Yet this may also be a strength, an economy needs an increasing amount of tradable units and A LOT  of them.. There is no magic number, just A LOT. But also a limited amount, 2.1quadrillion units... It almost seems hard to fathom bitcoin not crushing all fiat, and or fiat collapses under its own false claims.

However external threats such as solar flares pose VERY VERY large threats to much of all modern society, bitcoins getting wiped out by the masses, internet filtering/shutdown, martial law.

What are your thoughts on these extremes I mention, are there other extremes I have not thought of?

odolvlobo
Legendary
*
Offline Offline

Activity: 4466
Merit: 3391



View Profile
January 26, 2014, 03:29:27 AM
 #2

2.1 quadrillion satoshis is nothing compared to the  5 x 10 32 atoms of gold!

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
HairyMaclairy
Legendary
*
Offline Offline

Activity: 1414
Merit: 2174


Degenerate bull hatter & Bitcoin monotheist


View Profile
January 26, 2014, 04:06:55 AM
 #3

There are roughly the same number of satoshis as grains of rice eaten in China each year.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!