Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by LFC_Bitcoin (1)
$1 = 1000Satoshi would be good enough
Why prolong the agony?
$1 = 1Sat would make bitcoin the world reserve currency & some bitcoiners would be the richest people in the world?
Id love it to happen as Id be rich AF too but its unlikely in our lifetime imo.
I'm with you in this, but...
Hal Finney" Sun, 11 Jan 2009
Quote
As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world. Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.
https://www.mail-archive.com/cryptography@metzdowd.com/msg10152.htmlbecomes the dominant payment system in use throughout the world. Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.
Don't rule out any pricing option, look what they were talking about in 2009.