Post
Topic
Board Speculation
Re: $1,000,000 would kill bitcoin
by
Wilhelm
on 28/06/2019, 11:48:26 UTC
Even $100,000 would kill it.  If 1 sat (or even 100 sat) == $1 then the fees would grind the system to a halt.  The fees would be so high relative to the amount sent, that it wouldn't be worth it.  From an investment perspective 1 sat==1$ is a nice round number.  From a users perspective, only being able to buy things divisible by 1$ is crap.  

What a crock of shit...

Bitcoin is divisible far far far beyond a Satoshi.

https://en.bitcoin.it/wiki/Help:FAQ#How_divisible_are_bitcoins.3F

"How divisible are bitcoins?
A bitcoin can be divided down to 8 decimal places. Therefore, 0.00000001 BTC is the smallest amount that can be handled in a transaction. If necessary, the protocol and related software can be modified to handle even smaller amounts."