The day bitcoin reaches $100,000 per whole coin, you are going to see gasoline priced in sats everywhere you go.
In the 1792 Coinage Act, it was stated | The money of account of the United States shall be expressed in dollars or units, dismes or tenths, cents or hundredths, and milles or thousandths, a disme being the tenth part of a dollar, a cent the hundredth part of a dollar, a mille the ​thousandth part of a dollar, and that all accounts in the public offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation.
A Mill (current spelling) is a thousandth of a dollar, or a tenth of a cent and is an official denomination. Mills are used mainly when determining property taxes (3 mills per dollar value for instance), and mills are listed when you see prices at a gas station.
So when bitcoin reaches $100k - and you see “1000 sats/$” at the top of stacker news - you will also see an every day item priced in sats everywhere you go. In this images above the prices would be 1229, 1479, and 1729 Sats per gallon. Gas prices in Sats!!
I'm so ready. I feel so frustrated with the world being so far behind right now.
reply
everyone pays the price they deserve.
reply
Come to Korea.
1 sat = 1KRW.
reply
I really can't believe we've already so close to cent sat parity for the top 50 fiat's, lol feels like the other day we weren't even at 1 trillion market cap, life is coming at us way too fast, should have stacked harder
reply
Life is coming at us way too fast, should have stacked harder
💯
reply
Sat it out! Let’s go! I can see it soon!
reply
Haha yes was just thinking about this before seeing your post. We had this already happen in New Zealand when the NZD price of Bitcoin reached $100k some time ago! Amazing to see Sats now increasingly equating fiat denominations parity.
reply
It's just a matter of time to reach those numbers 1000 SAT/$
reply
35 sats \ 1 reply \ @crrdlx 10 Nov
This is very educational and neatness thanks for sharing. I'm looking forward to "Satoshi Day" when 1 sat equals 1 penny. https://satoshibitcoinconverter.on.fleek.co/pages/satoshiday.html
reply
Educational and neat is what SN is for!
reply
So incredible to believe that when Bitcoin reaches one million the dollar will be worth 100 sats equivalent to 1 sats = 1 Cent
reply
means a sign that our country has begun to experience progress.
reply