Post
Topic
Board Speculation
Re: What will happen when 1 satoshi is $ 1?
by
jovs
on 05/03/2017, 08:20:22 UTC
What if bitcoin gains much more value than you anticipate? So what happens when 1 satoshi reaches the price of 1 dollar?
What kind of arrangement is made if payment is requested as Cent? Can the bitcoin core be modified?
In my opinion it will not happens .
Because about  100000 satoshi is equal to 1$ then you can think that if it will happen only when the price of bitcoin increase about one lakh time the current price . Which is Impossible for about 10-20 years .
But.if it would be then surely we will restricted to make transaction of minimum 10$ with 0.25satoshi fee of transaction
Yes i agree, thinking that 1 satoshi will going to equal as 1 dollar is impossible because the value will just low down the system of bitcoin. Its better to think how to upgrade the bitcoin as it increase it value . We should thing rationally because if it happen bitcoin need more support to people who uses bitcoin on its everday basis.