Quote from: mastermold on March 14, 2017, 05:19:57 PM

But what I think is most important to realize about Bitcoin is that it is the driving force behind what people are calling "currency competition" and we as people around the world are now far more able to choose what we believe provides us with the best utility

"Currency Competition" is a bit misleading, no?

Are you talking about competition among cryptos? There really isn't any. What businesses are accepting Litecoin or Doge or any of the other dozen crypto coins in existence? None. Bitcoin is it for the crypto currency. And to expand a bit, how much competition is Bitcoin giving the Dollar or the Euro or the Yuan? Very, very little. Most places don't accept Bitcoin and of those that do most still are doing business in fiat over Bitcoin.

And to other Members bringing up that there are 100,000,000 satoshi in 1 Bitcion...it's been said over 10 times now. Any future comments like this can be considered "not constructive" and shouldn't be paid for from your signature campaign.

Quote from: ~Bitcoin~ on March 15, 2017, 05:07:35 AM

Actually even 1 satoshi can be spent and there will be 21 million x 10^8 Satoshi which i think will be more than enough for everyone. Also by the time when all bitcoin will be mined, world population may not remain 6 billion only. Wink

Quote from: shinratensei_ on March 14, 2017, 10:47:42 PM

And every satoshi will have a high value in the future. don't forget 1 btc = 100,000,000 satoshi

Quote from: iqlimasyadiqa on March 14, 2017, 10:18:03 PM

The smallest count in bitcoin is satoshi. I think in the future people will be getting used to satoshi, so long as it surely bitcoin prices will have a very high value.

Quote from: bamboylee on March 14, 2017, 10:11:27 PM

It is not like each person will be owning one btc each. At most, only a part of the population will have bitcoin in their wallet. And bitcoin can be divided into units, it the smallest so far, satoshi. 1 bitcoin is 100million satoshi. So we have 21M by 100M satoshi to be used by bitcoiners. I think that is more than enough.

Quote from: DannyHamilton on March 14, 2017, 09:58:53 PM

The exact number of units that the protocol is designed to release is:

2,099,999,997,690,000 satoshi.

Quote from: rajasumi3 on March 14, 2017, 06:06:41 PM

It is enough for it .it was planned very well and executes too .there are 8 units for satoshi .it is more than enough for some people .by the time the price of bitcoins would reach up to a maximum height .

Quote from: Assman on March 14, 2017, 06:01:28 PM

Of course it is. It's divisible 100m times and the value is relative.

Quote from: Snorek on March 14, 2017, 05:57:47 PM

Bitcoins are divisible down to 8 decimal places: 1 satoshi = 0.00000001 BTC
This is more than enough to provide 7 billions (or more people if necessary) with fracture of Bitcoin.

Quote from: BADecker on March 14, 2017, 05:43:54 PM

One bitcoin = 100,000,000 satoshis - http://bitcoin.stackexchange.com/questions/114/what-is-a-satoshi.
When all 21 million bitcoins have been mined, there will be 2,100,000,000,000,000 satoshis. If the earth has 8 billion people at that time, this would give every person 262,500 satoshis on average.

Quote from: mastermold on March 14, 2017, 05:19:57 PM

Yes. The number of Bitcoins is not as important as the scarcity of Bitcoins. Since each Bitcoin can be divided into one million bits (1,000,000) or one hundred million Satoshi (100,000,000) I often try to compare bits against fiat currencies instead of entire bitcoins.

1 bit can be divided into 100 Satoshi and 1 Dollar, Euro, Pound, etc. can also only be divided into 100 cents/pence etc. so if we are to compare "equal units" against each other, I think it is better to view 21 million Bitcoins (21,000,000 BTC) as 2.1 billion bits (2,100,000,000 b) or even as 2.1 trillion Satoshi (2,100,000,000,000 s).

Quote from: mrcash02 on March 14, 2017, 05:16:13 PM

Surely it is. Each BTC has 100.000.000 of satoshis. 21.000.000 x 100.000.000 = 2.100.000.000.000.000 of satoshis, enough for all the world use it well. 1 Satoshi can values more than 1 currently cent. Probably the difficult would be to buy cheap things with BTCs, as 1 satoshi could value more than the price of cheap things like one fuit, one candy...

Let's keep the forum clean, guys. Stop the spam, Seriously.