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re: Reply To: Bitcoin $100,000. Not if – but when

Home Forums Archives Markets & Policies United States Markets & Policies Bitcoin $100,000. Not if – but when re: Reply To: Bitcoin $100,000. Not if – but when

  • Mon, Oct 28, 2019 - 05:50pm   (Reply to #7)

    #9
    mrees999

    mrees999

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    Joined: Aug 16 2013

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    re: Reply To: Bitcoin $100,000. Not if – but when

There will eventually be 21 million.  But many experts estimate about 4 million have been lost from the early years never to be retrieved again (lost hard drives, sloppy safekeeping). We have mined 18 million total with a decay rate of 50% every four years so that the last 100 years of mining to reach the end-point.  In our lifetimes count on 20 million total – less 4 million so effectively 16 million full bitcoins.  Broken into 100,000,000 satoshis, what will the price per satashi?

 

When designed, the creators figured each might be worth 1 million each which makes each satoshi worth about 1 cent at that point. However, they might have needed 9 decimal points if the price reaches $10 million each.