 |
September 27, 2014, 10:44:45 PM |
|
People always claim, that in thirty years or so, Bitcoin would be valued at $100k
Now we have Bitcoins, and they're divisible by 10 nanodigits, which is really incredible to combat problems caused by inflation of wealth.
As of now, 1 microbit, or mBTC (.001 BTC) is worth 40 cents. When Bitcoin was at $1000, 1 mBTC was worth a dollar. IF Bitcoin reaches the often speculated $10k USD point, 1 mBTC would be worth ten dollars, and at the $100k mark, 1 mBTC would be worth $100 dollars, making you walk around with your wallet of millibits like a proud millionaire by the year 2037, right?
...Except by the time Bitcoins are speculated to be worth that much, in the unlikely event that the USD still exists in that future, it would be so heavily inflated, that with your 100 bucks that you swap out for your millibit, you'd be able to buy like, one egg (fiat doesn't last very long, inflation will always wreck it, it's law)
Spend your Bitcoins people, don't hold them. Not only does the holding constrict the economy, but in the end it would be a total waste of your time!
There is no guarantee on the USD, stop making the comparison!
|
