Bitcoin's Manifest Destiny
Bitcoin’s Manifest Destiny
The satoshi is currently the smallest unit of the Bitcoin currency recorded on the block chain.1 It is a one hundred millionth of a single bitcoin (0.00000001 BTC). At the time of this writing, a satoshi is worth $ 0.00008920 in US Dollars. So, a satoshi is not even close to being worth one cent as I write this.
I write this note on April 20, 2018 to be on the record with the position that it is Bitcoin’s manifest destiny to have a its smallest unit (currently the satoshi) be worth something and for me that means at least one cent. The mathematical result of a satoshi being worth one cent is that 1 Bitcoin would be worth 1 million dollars.
Thinking about Bitcoin’s smallest unit being worth something baked my noodle in terms of the upside possibilities given that today 1 Bitcoin is trading for close to $ 8,920.
And yes, I borrowed the phrase “manifest destiny” from a different context. 2