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KaChingCoinDev (OP)
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March 12, 2015, 12:36:27 PM |
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And if it does, that is the lowest amount you could send. See a problem?
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randy8777
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March 12, 2015, 12:42:35 PM |
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not sure if you're serious but that would not happen. not in thousand years.
if 1 satoshi equals $1 then 1btc is worth $100.000.000 which is something you only can fantasy about.
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calme
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March 12, 2015, 12:43:06 PM |
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Why won't they just code in the option for another decimal mark over?
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yatyatling
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Giveaways, tutorials and more: https://Ecua.Mobi
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March 12, 2015, 12:44:17 PM |
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I think that after 1 satoshi worth $1, then the bitcoin system will be upgraded that the min. amount will not be 0.00000001 BTC.
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Giveaways, tutorials and more: Visit Ecua.Mobi
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KaChingCoinDev (OP)
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March 12, 2015, 12:44:44 PM |
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Why won't they just code in the option for another decimal mark over?
They could, but it would require a hard fork. Doable, but still this creates a problem. not sure if you're serious but that would not happen. not in thousand years.
if 1 satoshi equals $1 then 1btc is worth $100.000.000 which is something you only can fantasy about.
I don't this BTC will ever get that high, but some people think it will. And so I was presenting this problem. I think that after 1 satoshi worth $1, then the bitcoin system will be upgraded that the min. amount will not be 0.00000001 BTC.
Possible  |
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Q7
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March 12, 2015, 01:02:23 PM |
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I think before we are talking about adding so many zeros and worrying about such a thing, it would be more sensible to talk about whether and when will it ever go to 1000. I'm not denying that it could never happen as anything is possible with bitcoin, but would just like to be realistic for now even with the slightest possibility
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redsn0w
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#Free market
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March 12, 2015, 01:06:25 PM |
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No I do not think that 1 satoshi will be valuable 1 dollar (at least not in 5-10 years). I think instead in the next 50-60 years maybe we can talk 1 satoshi = ~ 0.25 dollar (but it is only a simple supposition we cannot anticipate the future).
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futureofbitcoin
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March 12, 2015, 01:08:10 PM |
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at that point, a can of pop will cost a few thousand dollars at least, so there really is very little use for cents. So it's not a problem.
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Brother Darkness
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March 12, 2015, 01:08:19 PM |
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And if it does, that is the lowest amount you could send. See a problem?
It could. But it probably wont. But if it did below is a solution: I think that after 1 satoshi worth $1, then the bitcoin system will be upgraded that the min. amount will not be 0.00000001 BTC.
Some people have said 1 bitcoin could be worth a million, but I doubt it. I'm hoping for a few thousand dollars at least. |
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coinpr0n
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March 12, 2015, 01:13:27 PM |
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And if it does, that is the lowest amount you could send. See a problem?
As mentioned, it would take a while to get there (if ever). At that point, Bitcoin being digital, if more decimal places are needed they can very easily be added. |
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twister
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March 12, 2015, 01:20:26 PM |
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Sure, anything is possible or so they say. But may be at that time the value of $ 1 won't be the same as it is now.
See what I mean.. ?
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RyNinDaCleM
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Legen -wait for it- dary
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March 12, 2015, 01:57:12 PM |
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Only when a loaf of bread costs $1,000,000, so not until USD completely hyper inflates and widespread uprising happens. So, not likely during our lifetime. If it did happen, would it be a problem? no because $1 won't buy anything anyway, so it won't pose any problems
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dinofelis
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March 12, 2015, 02:10:29 PM |
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If the dollar hyperinflates, yes, of course, in the same way that a satoshi is now already worth more than a Reichsmark.
However, if you mean: can a satoshi ever be worth more than what a dollar is worth NOW, then definitely no.
Because it would mean that the market cap of bitcoin would be 2 000 trillion $
Now, the current WORLD market cap of M2 money is estimated to be of the order of 50 trillion $.
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BillyBobZorton
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March 12, 2015, 02:33:34 PM |
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not sure if you're serious but that would not happen. not in thousand years.
if 1 satoshi equals $1 then 1btc is worth $100.000.000 which is something you only can fantasy about.
That, I can deal with. OP, technically is possible, if it ever happens we can have bitcoin to be divisible beyond 8 decimal places, but like the poster said, it's not going to happen realistically. |
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rosh
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March 12, 2015, 02:35:08 PM |
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And if it does, that is the lowest amount you could send. See a problem?
No other solution except a hard fork to add decimals. Most probably the hard fork will become the accepted version of Bitcoin. When this happens, the block reward will most probably be zero or close to zero. Apart from this being the lowest amount to send, transaction fees might also become uncompetitive (they can't be below 1 satoshi.  ) |
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stonerider
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March 12, 2015, 03:20:48 PM |
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1 satoshi will eventually achieve parity with US$0.01, in the future. No more, no less.
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calme
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March 12, 2015, 03:23:59 PM |
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Damn, I didn't know it was to be set in stone, stonerider.
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stonerider
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March 12, 2015, 03:24:50 PM |
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Damn, I didn't know it was to be set in stone, stonerider.
I AM SATOSHI NAKAMOTO!!! |
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calme
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March 12, 2015, 03:37:45 PM |
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I AM SATOSHI NAKAMOTO!!!
Damn, I had you pictured more like this  than this.  Still just as badass, though. |
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Nerazzura
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March 12, 2015, 03:45:01 PM |
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not sure if you're serious but that would not happen. not in thousand years.
if 1 satoshi equals $1 then 1btc is worth $100.000.000 which is something you only can fantasy about.
And when it happens even a novice can get rich quick in the first day of the faucet. After that bitcoin will disappear and stay memorable |
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