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And if BTC reaches $33M, which is not impossible, that implies $0.33 is the smallest unit of currency. People use quarters for mostly everything now, so this i
by sillysaurus3 9y ago
And if BTC reaches $33M, which is not impossible, that implies $0.33 is the smallest unit of currency.
People use quarters for mostly everything now, so this is again quite reasonable.
- CamelCaseName 9y agoReasonable how? That's a $530T+ valuation at the current number of tokens, or about two times as much as the total global wealth according to Credit Suisse. [0] [0] https://www.credit-suisse.com/corporate/en/research/research-institute/global-wealth-report.html https://www.credit-suisse.com/corporate/en/research/research...
- sillysaurus3 9y agoI meant satoshis are a reasonable "smallest unit" even at absurd valuations. But that's not necessarily impossible to attain. If BTC wins and the world switches, the resulting bubble might be that big.