Nostr Web Client

Replying to

BeOG

#Bitcoin #Breakdown #BeOG

https://www.bitcoinbreakdown.net/subscribe?ref=vvFXDyzL4i

bitcoiner7 nym 2y ago

This is seriously something I am wondering about.

If Bitcoin price is one million dollars one day...

Is it going to be because the real purchasing power and value of Bitcoin has do dramatically increased... and we bitcoiners are super wealthy...

or is it because of dollar hyperinflation...

In which case, for 1 BTC worth 1 million dollars, I can buy stuff worth $30,000 today...

And we bitcoiners are as wealthy as today, and we have successfully protected and secured our savings. But we are not more wealthy. We just have avoided a loss.

Which is of course also a good thing.

The reality will likely be a mix of the scenarios above.

Reply to this note

Please Login to reply.

Discussion

TexasColds 2y ago

I used to ponder, what if 1 BTC became worth more than 100 million... what do we do with the satoshi, divide it further? Similarly, if you think about any BTC in terms of purchasing power only, and not in comparison to USD or fiat, what happens when the purchasing power is so high that 1 satoshi grows past the value of even small insignificant items..like a candy bar or a bottle of water or bag of chips from a snack machine..like if 1 sat becomes too much purchasing power for anything at all no matter how small...