3 ms·
I don't think your test is meaningful. There are already lots of items which cost much less than a penny. Individual squares of toilet paper, use of a cafe wi-f
by neilk 14y ago
I don't think your test is meaningful. There are already lots of items which cost much less than a penny. Individual squares of toilet paper, use of a cafe wi-fi for a few minutes, that sort of thing.
You just buy these items in bulk or make them free with other transactions. Right now I just "paid" for these items by buying some expensive bottled water in a café. It seems sort of crazy when you think about it - I paid for the thing that falls from the sky in large quantities in the Pacific Northwest, in order to obtain a manufactured good and access to advanced technology.
Also, the expected value of a bitcoin isn't dependent only on the number in circulation. Basically, it's related to "demand" and that depends on how many people are hoarding, how convenient it is relative to other currencies, and who knows, there may even be competing cryptocurrencies in the near future.