One satoshi for $1 dollar will occur someday

[USBitcoinServices.Com]

At some point in time, people will use every day satoshis as a unit of currency in order to buy things like vegetables, groceries in general.

Satoshis will become the new money standard in people's daily life. Thanks to the scarce 21 million BTC as a maximum supply of this blockchain.

The more the whole bitcoin unit keeps expanding its price, the more value a satoshi also will have. We can see this happening already with some mining companies, crypto casinos, bitcoin faucets providing each week fewer satoshis as a reward, and also we see people working for satoshis, in order to increase their satoshis/bitcoin balance!

[jossiel]

1BTC = 100,000,000 satoshis

It will be $100,000,000 = 1BTC

It is gotta be a long journey until we will see that time happens.

[Wind_FURY]

Is that why there are milli-sats in the Lightning Network?

At some point in time, people will use every day satoshis as a unit of currency in order to buy things like vegetables, groceries in general.

Satoshis will become the new money standard in people's daily life.

OP, that's the dream/goal, but the price shouldn't be all important. The price should only be as a way to compare value.

[Saisher]

1BTC = 100,000,000 satoshis

It will be $100,000,000 = 1BTC

It is gotta be a long journey until we will see that time happens.

If this happen John Mcafee will be so proud that it reaches 1 million dollar per Bitcoin but I doubt John Mcafee will ever to see this price happen or even people of this generation, the most that I can see of Bitcoin Price in my lifetime could be $200 k but it could happen 30 to 40  years from now.

[stompix]

1BTC = 100,000,000 satoshis
It will be $100,000,000 = 1BTC
It is gotta be a long journey until we will see that time happens.

It depends, it might happen also far faster than some people imagine but with a twist.
That twist being 100 million $ barely being able to buy you a car or a one-bedroom apartment

Satoshis will become the new money standard in people's daily life.

Neah, even if it BTC will skyrocket in value you won't be seeing everybody dealing with bitcoin on a daily basis.
It's been half a century since we have credit cards and they are not that widespread, let's not even talk about mobile phones who are way different in terms of utility.

But it's amusing, bitcoin goes over 10k, those topics again start popping up like mushrooms after rain, a few months ago when we were experiencing a dump nobody was saying such things.




 

[samcrypto]

We are talking big here and it requires time, maybe on the next era of this world but not in the next decade or so. In our market, i see fiat money is still more convenient and if you ask them if they know bitcoin or dollar, then they will probably choose dollar. Bitcoin is a new financial platform that gives us more confident to control our own money, the adoption will still happen slowly but surely, but we have to admit that bitcoin can’t replace fiat money and can’t force people to use it.

[gentlemand]

A 100 million dollar Bitcoin would say an awful lot more about the risible failure of the dollar than the success of Bitcoin.

Due to inflation it'll happen some day regardless presuming BTC remains alive, but if it happens in the near future it won't make for a pretty sight.

[criza]

It could be in the future but, I think, it would take long time for the value of Bitcoin to reach that price. Realistically, it is hardly possible, a satoshi in the present can't be compared in a dollar, taking tens of thousands of satoshi for a bucks.

Anyways, future is always full of surprises and uncompromises, who would have thought maybe crypto currency platform would become a more valuable asset in the next years.

[FanatMonet]

1BTC = 100,000,000 satoshis

It will be $100,000,000 = 1BTC

It is gotta be a long journey until we will see that time happens.

If this happen John Mcafee will be so proud that it reaches 1 million dollar per Bitcoin but I doubt John Mcafee will ever to see this price happen or even people of this generation, the most that I can see of Bitcoin Price in my lifetime could be $200 k but it could happen 30 to 40  years from now.

If science makes a couple of breakthroughs, at the level of the discovery of antibiotics, then perhaps one of us will be able, in theory, to see such a price.
The main question is, is if 1 bitcoin worth $ 100 million, then how much will 1 burger cost at that time in dollars? ten? fifty? 100? 1000?

[avikz]

At some point in time, people will use every day satoshis as a unit of currency in order to buy things like vegetables, groceries in general.

Satoshis will become the new money standard in people's daily life. Thanks to the scarce 21 million BTC as a maximum supply of this blockchain.

The more the whole bitcoin unit keeps expanding its price, the more value a satoshi also will have. We can see this happening already with some mining companies, crypto casinos, bitcoin faucets providing each week fewer satoshis as a reward, and also we see people working for satoshis, in order to increase their satoshis/bitcoin balance!

It sounds vastly unrealistic! If Satoshi value reaches to that level and if the world mass starts using bitcoin for their daily use - just imagine the number of transactions the network will have to handle! At the current state, bitcoin network is simply not capable of handling such volume! I am not being pessimistic here but realistically thinking the situation!

[LoyceMobile]

Someday? It can be today! Anyone can buy 1 satoshi from me for a dollar!

[The Sceptical Chymist]

It is gotta be a long journey until we will see that time happens.

Yep--and I wouldn't say it's out of the question that bitcoin could hit $100mil but that isn't likely to happen in our lifetimes, and it would certainly depend on bitcoin's prospects for long-term survival.  There's no guarantee that bitcoin is even going to exist 10-50 years from now, nor that it's going to keep increasing in value.

I'd be ecstatic if bitcoin got to $15k this year and maybe back to its ATH at some point next year.  I'm not going to hold my breath for the whole 1 sat=$1 thing, because I think that's a pipe dream.

[Timelord2067]

Someday? It can be today! Anyone can buy 1 satoshi from me for a dollar!

You beat me to saying that!

In any event, as one person has already pointed out the Lightning Network deals in fractions of a satoshi.  Some exchanges are already permitting trading to occur to on hundredth of a satoshi in bitcoin (as opposed to other alts) - the eight decimal places can shift one way or the other with consensus.  I suspect Satoshi created eight decimal places to enable users to get used to having such small fractions, but envisaged even smaller units would follow wide acceptance.

Twenty-one Million Bitcoins Divided by Seven billion people is roughly BTC 0.003 for every person on the planet.

A while ago there was a 21 BitCoin Club being one-millionth of the total number of BitCoins that will become available.  I'm not even sure it still exists (they may have cashed in already).

[Vishnu.Reang]

Why don't you make some simple calculations before posting such outlandish claims? If the exchange rate climbs to $1 per Satoshi (or $100 million per BTC), then the total market capitalization of Bitcoin would be $1,800 trillion. The current global wealth is estimated at somewhere between $250 trillion and $300 trillion. Now you are claiming that the market cap of Bitcoin would be 6 times the global wealth.

[Timelord2067]

Why don't you make some simple calculations before posting such outlandish claims? If the exchange rate climbs to $1 per Satoshi (or $100 million per BTC), then the total market capitalization of Bitcoin would be $1,800 trillion. The current global wealth is estimated at somewhere between $250 trillion and $300 trillion. Now you are claiming that the market cap of Bitcoin would be 6 times the global wealth.

Think BIG:

$1.8 Quadrillion.      
(short form)

[tomahawk9]

At some point in time, people will use every day satoshis as a unit of currency in order to buy things like vegetables, groceries in general.

And what would happen to fiat currencies? Will they cease to exist? Or will they coexist along side BTC?

Satoshis will become the new money standard in people's daily life.

I'm 120% sure that the governments around the world, bankers, and pretty much the world economy, will never let that happen. If you need someone to explain to you why exactly a centralized cryptocurrency won't ever become a global currency, you need to read a bit more.

The more the whole bitcoin unit keeps expanding its price, the more value a satoshi also will have.

Well, since it's price will keep going up, doesn't it mean that BTC can be a profitable long-term investment? If so, wouldn't this outweigh the need of wanting to spend your precious satoshis?    

IMO majority of peple (crypto newcomers, regular folks, the average joe) will only look at BTC as an invesment rather than a medium of exchange (unless something drastic happens like retailers accepting btc as payment, but that's another debate). This isn't exactly what BTC was created for but it is what it is.

[stompix]

Why don't you make some simple calculations before posting such outlandish claims? If the exchange rate climbs to $1 per Satoshi (or $100 million per BTC), then the total market capitalization of Bitcoin would be $1,800 trillion.

And?
What might be the problem?

The Zimbabwean government stated that it would credit 5 US dollars to domestic bank accounts with balances of up to 175 quadrillion Zimbabwean dollars, and that it would exchange Zimbabwean dollars for US dollars at a rate of 1 USD to 35 quadrillion Zimbabwean dollars to accounts with balances above 175 quadrillion Zimbabwean dollars.

Now, if the US goes the same way as Zimbabwe, 1,8 trillion is nothing.
Or Venezuela style where 1 bolivar forte is 100,000,000 old bolivars (like satoshi) but it still takes 250k to make a $.
Of course, if that would happen we would all be f%$ that bad bitcoin would be irrelevant compared to the global economic disaster happening.

[worle1bm]

At some point in time, people will use every day satoshis as a unit of currency in order to buy things like vegetables, groceries in general.

Satoshis will become the new money standard in people's daily life. Thanks to the scarce 21 million BTC as a maximum supply of this blockchain.

The more the whole bitcoin unit keeps expanding its price, the more value a satoshi also will have. We can see this happening already with some mining companies, crypto casinos, bitcoin faucets providing each week fewer satoshis as a reward, and also we see people working for satoshis, in order to increase their satoshis/bitcoin balance!

Yeah, 1 sat = $1 and it will lead to anarchy. Whales who are holding 1000+ BTC will easily pay 1000 sats fees to confirm their transactions first. For them it would be just 0.000001% of their wealth. But what about late comers? They have to spend $1000 to send bitcoins. This will lead to complete breakdown of system. No body will be able to use bitcoin in routine, let alone the dream of buying coffee with bitcoin.

[fudster]

Why don't you make some simple calculations before posting such outlandish claims? If the exchange rate climbs to $1 per Satoshi (or $100 million per BTC), then the total market capitalization of Bitcoin would be $1,800 trillion. The current global wealth is estimated at somewhere between $250 trillion and $300 trillion. Now you are claiming that the market cap of Bitcoin would be 6 times the global wealth.

Think BIG:

$1.8 Quadrillion.      
(short form)

OHYA that's big.  Its very possible. The adoption of of mobiles phones where we can assume everyone has wallets that works like Swiss banks, the price spike rate may be faster. 21M BTC is not enough for all the people in the world seeing some individuals today has more than 100K BTC in their wallets whiles some of us only have about 0.05 BTC as part of their retirement plan.

[Captain Corporate]

 The moment satoshi becomes 1 dollar (which might happen of course) there will be people using bitcoin everywhere, and I mean literally everywhere. In order for 1 satoshi to be equal to one dollar the price of per bitcoin has to be insane, that could only happen if people around the world all together starts to see bitcoin as a payment. And I don't mean like "oh a card company in japan that accepted in 260k stores just listed bitcoin as a payment" type of deal, I mean literally accepting bitcoin just like they accept cash, that type of adoption. We can be assured that something like that will not happen anytime soon, maybe one day it will happen but it will take a long time for it to happen, at least a decade long adoption increase could potentially reach us to that level.