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At the price of $100 million a sat will equal a dollar, and then what?
196 sats \ 7 comments \ @cyphercosmo 16 Dec bitcoin
I got myself wondering what happens when a dollar doesn't buy a sat anymore?
Well, there's nothing special about that number we'll continue to use fractions but the relationship will change. Of course for that to happen a single Bitcoin would need to be priced at $100 million which is about a thousand times more than the current price so it's not really a pressing concern.
Moreover, at that price if all 21 million Bitcoin were in active addresses (which is impossible due to all the lost wallets over time) we would have a total market cap of 21 million Bitcoin because that would be a Bitcoin standard and it would be our unit of account, medium of exchange, and store of value. This is the right answer, the wrong answer would be about $2.1 quadrillion dollars, but who would measure wealth in terms of some random shitcoin that can't buy a sat with a single unit.
Well, that's all I had to share for now, later.
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38 sats \ 0 replies \ @freetx 16 Dec
We can add decimals at any time with no real issues as far as I'm aware (technically I think in codebase everything is represented as sats, so would really just be creating a new divisor constant 1,000,000,000 instead of 100,000,000)
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37 sats \ 0 replies \ @OT 16 Dec
There are millisats on lightning which takes us to 100 billion.
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10 sats \ 0 replies \ @ama 16 Dec
Then you'll be able to bye two dollars for one sat, and hen three, and four... But who'll wanna buy any dollars with sats?
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10 sats \ 2 replies \ @Rothbardian_fanatic 16 Dec
If that were to happen, I don’t think you would see dollars anywhere, anymore.
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10 sats \ 1 reply \ @zapsammy 16 Dec
the mind control operations will always rely on some sort of credits; carbon credits, wellness points, social scores?
if languages were designed to divide people by regions, money can be used to subdivide them further by preferences, until people are as far removed as possible from the source of true value.
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32 sats \ 0 replies \ @Rothbardian_fanatic 16 Dec
People have to overcome the mind control by awakening themselves.
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21 sats \ 0 replies \ @Catcher 16 Dec
When bitcoin is equivalent to 100 mil in today’s dollars you probably wouldn’t use dollars to buy it anymore, you will just earn it
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