Trying to picture if bitcoin was the global money would one sat be the same as the one cent or more like the 1 dollar and we would have fractions of a sat for the smallest transactions ?
1 sat \ 1 reply \ @HardMoney 13 Oct 2022
The interesting thing will be the deflationary pricing that technology allows for under a bitcoin standard vs fiat. With a credit system you can't have deflation or else the system cave in on itself. Bitcoin will absorb monetary premium and allow for other goods and services to be priced at their utilitarian value. Apples to oranges but imo a sat will have more value than a dollar, mostly driven by deflationary benefits that the current system has to offset with printing
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0 sats \ 0 replies \ @User21000000 OP 13 Oct 2022
Will we need to have fractions of a sat ?
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1 sat \ 1 reply \ @Portugal 13 Oct 2022
It will happen but we'll be dead
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0 sats \ 0 replies \ @User21000000 OP 13 Oct 2022
How far off is it?
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