41
you are viewing a single comment's thread
view the rest of the comments
[-] FlyingSquid@lemmy.world 3 points 1 month ago

The price of a can of cola would constantly fluctuate.

Also, $1 in Bitcoin is 0.000015, which is the sort of number we would have to be thinking of in order to do day-to-day transactions.

[-] aiccount -1 points 1 month ago

People already think in Satoshis. It has been this way for many, many years.

[-] FlyingSquid@lemmy.world 1 points 1 month ago

"People" being those of you who invest in Bitcoins (and then talk about how it's a viable currency, not an investment opportunity, while also talking about how it keeps gaining in value).

I sure as hell don't think in "Satoshis." I've never even heard that term before.

I would bet you that, on average, if you asked 10 people what a 'Satoshi' is, they'd say they had no idea. A lot of them would probably guess something Japanese.

And I was told over a decade ago that everyone would be using Bitcoin by now.

[-] aiccount 0 points 1 month ago

It is steadily growing over time. There were people who ridiculed it and said nobody would ever want it, and it would never be worth a dollar.

It makes sense that you didn't know what a Satoshi is. In fact, you may still not know what it is. There are 100 million satoshis in one bitcoin, so one satoshi is 0.00000001 BTC.

Yeah, there have been lots of predictions for bitcoin and people trying to guess specific time periods. I don't get into all that.

I just think it is badass to be able to hold value in something that nobody can counterfeit, I can instantly and privately transfer it. I can use it on amazon, Walmart, airbnb, Expedia, and a bunch of other places. I can carry it on my phone with me and protect it even from physical phone thieves. and on top of being totally awesome, it has steadily gone up in value as more and more people all over the world realize how cool it is. It is like an awesome game of spoons where we all end up winners because we all have a much more convenient form of money.

[-] FlyingSquid@lemmy.world 0 points 1 month ago

It is steadily growing over time. There were people who ridiculed it and said nobody would ever want it, and it would never be worth a dollar.

Yes, that is what an investment opportunity is. Not a currency. That is my point.

There are 100 million satoshis in one bitcoin, so one satoshi is 0.00000001 BTC.

Cool. Still confusing as fuck math.

I can carry it on my phone with me and protect it even from physical phone thieves.

Yes, you're definitely protected from thieves. No one could ever possibly do anything like just get them from you by saying they'll kill you if you don't give it to them.

https://www.justice.gov/opa/pr/twelve-defendants-sentenced-violent-home-invasion-robberies-steal-cryptocurrency

and on top of being totally awesome, it has steadily gone up in value as more and more people all over the world realize how cool it is.

Yes. That's called an investment opportunity.

we all have a much more convenient form of money.

No, a more convenient form of money can be accepted anywhere from the smallest business to the largest corporation, doesn't constantly change value, and is replaced by a federal government if your bank account gets cleaned out.

Also, a more convenient form of money can easily be divided up without necessary math to figure out its value in 100 millionths.

You're talking about a less convenient form of money.

But I'm glad your investment opportunity is paying off for you.

load more comments (2 replies)
this post was submitted on 03 Nov 2024
41 points (80.6% liked)

World News

39365 readers
1105 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS