Quote:
Originally Posted by JoshGirls Josh
the most valuable govt issued currency is the kuwaiti dinar at $3.54 USD.
the price of BTC is $500 USD, is not backed by any law or govt, & has recently been hacked at the exchange level.
Do you really think computer code is so infallible as to be worth 500x the value of a dollar?
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Dude, seriously... Value of 1 currency unit is completely irrelevant. How people do not realize that?
It is just decimal points.
It can be 21,000,000 bitcoins of 600$ each or 21,000,000,000 of 0,6$ each. It would be exactly the same.
It is just denomination. Some countries change their denominations by many decimal points and that does not mean anything.
It is absolutely irrelevant how much one UNIT of currency is worth compared to other currencies.