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/biz/ - Business & Finance

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3520204 No.3520204 [Reply] [Original]

If 1 satoshi = 1¢...
Is the world financial system going to collapse?

>> No.3520215

>>3520204
no that would be the cause of the dollar collapsing

>> No.3520218

>>3520204
Maybe. Id be fucking rich.

>> No.3520222
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3520222

not a matter of if

but when

>> No.3520226
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3520226

Bump for serious question about mirron dora bittucoin

>> No.3520234

>>3520215
yes. hyperinflation would be the only reason at that point. also, take into consideration at that point no one will trust digital anything.

point is that your crypto would be worthless in USD and worthless in general.

>> No.3520237

>>3520222
Yes, it may happen... but what would that do to world economies?

>> No.3520238

>>3520204
I would be rich AF

>> No.3520241

satoshi actually designed the total number of bitcoins with this goal in mind

>> No.3520252
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3520252

>>3520241
>acts like he has a direct connection with US alphabet agencies

What else anon? Tell us about your conversations with the elusive satoshi.

>> No.3520255

>>3520215
>>3520234
Even if it was a gradual climb, say in the next 5-15 years?

>> No.3520272
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3520272

>>3520241

>> No.3520286

>>3520204

Nothing. The prices for everything goes up as well.

>> No.3520304

You are assuming singularity. Blockchain was only a burner. In the next 5-15 no one will even know what block chain is let alone be "rich" from it.

>> No.3520349

>>3520252
>>3520272
"My choice for the number of coins and distribution schedule was an educated guess. It was a difficult choice, because once the network is going it's locked in and we're stuck with it. I wanted to pick something that would make prices similar to existing currencies, but without knowing the future, that's very hard. I ended up picking something in the middle. If Bitcoin remains a small niche, it'll be worth less per unit than existing currencies. If you imagine it being used for some fraction of world commerce, then there's only going to be 21 million coins for the whole world, so it would be worth much more per unit. Values are 64-bit integers with 8 decimal places, so 1 coin is represented internally as 100000000. There's plenty of granularity if typical prices become small. For example, if 0.001 is worth 1 Euro, then it might be easier to change where the decimal point is displayed, so if you had 1 Bitcoin it's now displayed as 1000, and 0.001 is displayed as 1."


idiots

>> No.3520374

It would happen due to the deflation of the dollar, not the inflation of bitcoin. At this point the world would resort to some other fiat reserve currency, most likely the Iraqi Dinar HELA BIL SHABAB

>> No.3520403

>>3520349
Nice white paper. Now can you show me who satoshi is? I mean any alphabet agency can shill a paper about a currency that competes with it's own government all day.

Wake me when you find out.

>> No.3520514
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3520514

>>3520403
>sleep sheep needs someone to wake him up.

OP here.
1¢=1sat = 1BTC=1,000,000$
Am I wrong? Are nocoiners going to be btfo when they are too poor to buy BTC and can only afford to spend ETH on cars and electrical bills?
I want to know why nocoiners even exist when nobody can trust their government in absence of giant alien invaders... why does anyone trust a $USD?