heinrich23

Was bitcoin unit "satoshi" dimensioned too huge?

Sep 24th, 2013
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  1. Was bitcoin unit "satoshi" dimensioned too huge?
  2.  
  3. 21.000.000 bitcoins predicted  
  4. source: http://commons.wikimedia.org/wiki/File:Total_bitcoins_over_time.png
  5.  
  6. smallest unit "satoshi" 1/100.000.000  
  7. Maximum quantity of satoshi's  2.100.000.000.000.000
  8.  
  9. Problem?
  10. Compare to http://en.wikipedia.org/wiki/Money_supply
  11.  
  12. €urozone ECB: M3 in July 2013 in €: 9.862.000.000.000
  13. http://de.wikipedia.org/wiki/Geldmenge#Geldmengen_der_Europ.C3.A4ischen_Zentralbank
  14. This was only M3 of the €urozone, bitcoin is a world wide currency!
  15.  
  16. Take a look at FED: http://www.federalreserve.gov/releases/h6/current/
  17.  
  18. Has someone an idea about the value in $ of sums of all currencies M3's world wide?
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