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.
A Bitcoin is divisible to eight decimal places – it represents a value of 10 to the power of 8. Want to learn more? Read Satoshi Nakamoto’s original Bitcoin whitepaper. What is Satoshi? A Satoshi (sat), named after Satoshi Nakamoto, its mysterious creator, represents the smallest unit of Bitcoin. How many Satoshis are in a Bitcoin? 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. Die Bitcoin-Einheiten. 1 Bitcoin hat acht Nachkommastellen. Das allein macht die Umrechnung von BTC-Beträgen in Euro nicht besonders leicht. Hinzu kommt, dass Bitcoin bei einem aktuellen Preis von rund Array Euro so hoch ist, dass kleinere Beträge wie zum Beispiel 20 € nur sehr schwer in BTC umgerechnet werden können. 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 ... Satoshi to USD and EUR Converter. The following page supplies a simple conversion tool from Satoshis (the smallest unit of account in Bitcoin equalling 0.00000001 Bitcoins) to USD / EUR / CNY / GBP / RUB / CAD. It is updated live as soon as you enter the value of Satoshis you require.
Why Satoshi Value Is Important When Trading Altcoins!
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 ... 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 ... 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. Nugget's News 17,278 views. 6:13. How to Trade Options on Robinhood for Beginners in 2020 ... Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its source code was released as open-source software.:ch. 1 Bitcoins ...