"So, you do understand how a dollar breaks into one hundred pennies,
right? Well, a bitcoin breaks into exactly 100000000 Satoshis. Meaning
right now, you can pick up a million satoshis for about $7. Assuming
that bitcoin replaces all fiat currency and becomes the standard global
unit of exchange, 1 satoshi will be worth about what $1 is today. So, if
you do believe that bitcoin will ultimately become the global unit of
exchange, or even if you just think it might be possible, it would be a
pretty good idea to spend $7 on a million Satoshis today. If you live to
see the day that bitcoin becomes the global currency, you'll have a
nice $7Million USD worth of bitcoin. Of course, USD will no longer be in
use, but still--you'll have enough bitcoin to buy 7 million cans of
soda at a NYC deli." -- Henry Romp on Nov. 19th, 2013
No comments:
Post a Comment