Post
Topic
Board Economics
Re: The Satoshi Value Economy
by
Mig-23
on 12/06/2019, 15:53:37 UTC


Do you know that using the current rate of bitcoin against the USA dollar, the smallest denomination of bitcoin, a single Satoshi, is now worth more than some national currencies like:

- Iranian Rial
- Vietnamese Dong
- Indonesian Rupiah

The 1 Satoshi is at USD $0.0000772318 while Iranian Rial is at 0.0000237959 USD, Vietnamese Dong at 0.0000426711 USD and
0.0000700676 USD is for Indonesian Rupiah.


comparing the price of bitcoin with USD is actually a wrong thing,it should be done with satoshi value.I guess there are many fiat currencies value against USD is very low so there are many comparision can be given other than these three.