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10 sats \ 0 replies \ @cryptofolyo 13 Feb 2024 \ on: Bitcoin-dev is now using Google Groups? bitcoin
not acceptable
How about branding millibit and microbit for now ?
1000 millibit = 1 Bitcoin
So if there is 1 Bitcoin in your account its 1000 millibit
So
millibit = 0.001 bitcoin
microbit = 0.000001 bitcoin
nanobit = 0.000000001 bitcoin so on and so forth
femtobit,
attobit,
zeptobit
yoctobit
As of now only millibit and may be microbit will be relevant
1 millibit approximately equal 4.3 USD
1 microbit will be 0.43 cents
2.32 microbit approximately equal 1 cent
232 microbit approximately equals 1 USD
Show Satoshi some Love and Respect
The apt name for the base unit is Satoshi
Some time in future - 1 Satoshi will give u a cup of tea.
i think its coming to suddely part immediately
like the meta stock melting up due to inflation
bitcoin also FOMO can kick start
- electrum need to be used only at the spending time
- the method described above the public key and the private key is generated offline
- whatever amount of bitcoin is kept in this account the private key never got connected with internet - it is only in the form of a printed paper
- private key is exposed to internet only when it needs to be spent
- useful to store higher value of bitcoin for a longer time span - for regular use other methods may be best
Means that multiple listed cryptos can be used in all these visa outlets - bullish for crypto adoption
there was no gold to repay other countries
but there was enough money to go to moon
or did dollar have a value increase because it was issued by a nation who could go to moon
- go to bitaddress.org
- save the file in your computer
- go offline
- randomise and generate the key
- take printout
- format the computer
- you have a virgin bitcoin account ready
There can be an initial high fee like 10k Satoshi for a paywalled Post
And 33% of the Post satoshi will go to Stacker.News rewards
If bitcoin was not there in picture then this same investments would have gone into gold and silver to protect from dollar hyperinflation
Now that bitcoin is there in picture part of the same money which would otherwise be invested in gold and silver would be invested into bitcoin
This scenario might reverse if encryption breaks.
To be on the safer side
Gold and Silver are hard assets with all the properties needed for money as described in the article