Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: The Minimum Unit and the Value Thereof
by
MusaMohamed
on 23/02/2024, 14:45:57 UTC
⭐ Merited by vapourminer (1)
What happens if the smallest unit of bitcoin - a satoshi- becomes worth so much money that it cannot reasonable be exchanged for anything? Say one satoshi is the equivalent of $10,000 USD, then what good is it for actual exchange of goods and services, besides buying real estate or somesuch nonsense? Just a random thought I had, and I am no student of economics or computers, but I was curious as to proposed solutions or if this is just an irrelevant concern.
[Did you know?] Bitcoin Table of Units.

1 BTC is 100M satoshi.

Do you see $10,000 for 1 satoshi is too much ?
Because Bitcoin will have its price as $10,000 / satoshi x 100M satoshi. It is too much expensive.

1 cent for 1 satoshi is a dream of many people and we are still very far from it.