The satoshi value of XRP today is at 1999. Its below 2000 sats for the first time in 2.5 years. Its USD price is 18.73 cents. XRP has fallen more than 50% relative to Bitcoin in the last one year. That's also how long this subreddit been up.
"The claim “Bitcoin was purpose-built to first be a Store of Value” is false. In this article I've posting every single instance I could find across everything Satoshi ever wrote related to store of value or payments. It wasn't even close. Payments win."
I'm a permabull: more Bitcoin/bits/satoshis is better. So price down is always buying time in my book. I think the fundamental value is both: internet native, censorship resistant bearer money and digital gold. Much more adoption and usage potential ahead. Hodling for long-term.
Someone posted a while back about a nice way to display BCH values using spacing to clearly delimit full BCH coins, bits and satoshis. See the example value in the title. So instead of 0.00230008, you write 0.002 300 08 As a reminder for folks newish to Bitcoin:
There are 1 million (1,000,000) bits in a bitcoin.
There are 1 hundred (100) satoshis in a bit.
The above implies their are 1 hundred million (100,000,000) satoshis in a bitcoin.
I'm just making this post to restate the spacing idea. I think it's an extremely elegant & ergonomic way to display values. I can instantly, with my squishy eyes and equally squishy brain get a knowing of the price in BCH and in bits and a general feel of the value of the thing being sold. No mental calculations required and no tracing my finger across a screen to visualize a movement of the dot. The only downsides I see are that:
copying the values into numerical software (calculators etc) will likely require stripping the spaces for the software to work
double clicking the value will not auto-select all the digits (though this often wont work anyway, even without the spaces, because auto-selection often stops at a peroid)
it's not a standard way to display currency values, so some accountants might wearily, pout at it. (poor bunnies!)
At the very least I'd like to see this display method as a configurable option in software (e.g. wallets).
Satoshi was very clear that Bitcoin’s utility of being a medium of exchange is what gives it value. By being valuable through utility, is what makes Bitcoin also be a store of value.
It's the same situation as gold and gold mining. The marginal cost of gold mining tends to stay near the price of gold. Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange. I think the case will be the same for Bitcoin. The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste. Source: http://satoshi.nakamotoinstitute.org/posts/bitcointalk/327/
[Discussion] Satoshi first envisioned Bitcoin as a peer-to-peer digital currency. It’s in the whitepaper. When did this idea change / become distorted into Bitcoin being purely a “store of value?”
Straight from the first sentence of the abstract from Satoshi’s whitepaper: “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” Would love to hear thoughts on how different interpretations of a single vision brought the ecosystem to where we are now at this point in time.
Each bitcoin is equal to 100 million Satoshis, making a Satoshi the smallest unit of bitcoin currently recorded on the blockchain. Think of the Satoshi as the “cents” part of bitcoin. But unlike a penny that represents 0.01 USD, Satoshi represents roughly 0.00000001 BTC — or bitcoin to its eighth decimal. We’ve put together the quick conversion table below to help you visualize numbers ... How was the currency exchange rate changed on yesterday? The average value Bitcoin price for convert (or exchange rate) during the day was $11,349.47. Min. Bitcoin value was $11,308.21. Max. BTC price was $11,372.29. BTC price increased by 0.56% between min. and max. value. If you own the currency, you are certainly happy. The value of a bitcoin in satoshi was decided by Satoshi Nakamoto to be 100 million no later than November 2008. On November 15, 2010, Ribuck proposed that the one hundredth of a bitcoin (0.01 BTC) be called a Satoshi. Four months later he instead suggested that the one hundred millionth unit be called an austrian or a satoshi. The name satoshi caught on, and was widely adopted thereafter ... Bitcoin information (FAQ) Predefined Values: Click the Satoshi value below to use that value above. 1 Satoshi = 0.00000001 ฿ 10 Satoshi = 0.00000010 ฿ 100 Satoshi = 0.00000100 ฿ = 1 Bit / μBTC (you-bit) 1,000 Satoshi = 0.00001000 ฿ 10,000 Satoshi = 0.00010000 ฿ 100,000 Satoshi = 0.00100000 ฿ = 1 mBTC (em-bit) 1,000,000 Satoshi = 0.01000000 ฿ = 1 cBTC (bitcent) 10,000,000 Satoshi ... This live Satoshi converter not only converts but also shows the current value of Bitcoin or Satoshi in your currency. Satoshi Converter. To use this calculator simply select your currency and enter the digits in the field below to know the value of Satoshi in your currency, or vice versa. Every few seconds Bitcoin price gets updated in real-time so mostly you don’t have to refresh values ...
Bitcoin Price- Satoshi to USD convert Bangla tutorial
Episode 21 of Crypto Ride compares the US dollar to the satoshi and explores how much Bitcoin you'll likely need to be part of the 1% in the future. #Bitcoin #cryptocurrency Let's connect on ... Altcoin Trading Pairs - USD vs Tether vs Bitcoin/Satoshi Value Clearly Explained - Duration: 6:13. ... Why Satoshi Value Is Important When Trading Altcoins! - Duration: 5:01. Naeem 6,224 views. 5 ... Altcoin Trading Pairs - USD vs Tether vs Bitcoin/Satoshi Value Clearly Explained - Duration: 6:13. Nugget's News 17,278 views. 6:13. How to Trade Options on Robinhood for Beginners in 2020 ... Altcoin Trading Pairs - USD vs Tether vs Bitcoin/Satoshi Value Clearly Explained - Duration: 6:13. Nugget's News 17,942 views. 6:13. Language: English Location: United States ... How to Calculate the Satoshi unit value with this Formula is a simple way I demonstrate how you can convert from Bitcoin price and the coin price to obtain theSatoshi unit value. Easy formula to ...