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I think bitcoin price will stabalize once most of the bitcoin are mined. Right now its a race to simply collect as much satoshi as possible if you believe in a
by deevolution 9y ago
I think bitcoin price will stabalize once most of the bitcoin are mined. Right now its a race to simply collect as much satoshi as possible if you believe in a future where cryto becomes the dominant form of exchange. 1 satoshi is still far less valuable than a single USD. 1 satoshi is 0.0001 USD right now, still a ways to go before it becomes equivalent.
- mancerayder 9y agoWhat does equivalence have to do with it, though? 1 USD is worth .87 Euro or 1.3 Euro (at any given time), where 1 feels like a magic number; but 1 USD is worth (right now) 6.6 Yuan or 113 Yen, where it's more obvious 1 is not a magic number. So I'm confused by the belief that .001 or .00001 is closer or further than where something 'should' be. How do we reach the conclusion that the value should be this thing or not this thing?
- deevolution 9y agoSimply by collectively believing it to be so.