Satoshi vs. U.S Dollar

Knotty Investor Logs

Satoshi vs American Dollar rd. 1

The Congress should have the power to coin money, regulate the value thereof, and fix the standards of weights and measures. -United States Constitution Article 1 Section 8 For over a century, the US Dollar has lost substantial purchasing power and value. Regardless of the decade you were born in, you know your dollar has less value than what it once did. In in its conception, the dollar was meant to be pegged to gold and silver. After the Coinage Act (1792), Congress established a mint and began regulation of coins in the United States creating a money. Being split into a dollar, half-dollar, quarter-dollar, dime, and half-dime each were to contain an appropriate amount of silver to retain value. Eagles, half-eagles, and quarter eagles were worth $10, $5, and $2.50 respectively backed by gold. Past the inception, the dollar was meant not only to create a purchasing power, but to gain value and trust over time.

 A purchasing power is basically value put on a currency that determines an amount of goods one can purchase. Unfortunately, due to inflation the dollars purchasing power has plummeted severely. Initially, the dollar was meant to serve many purposes. This will be a short passage, but a continuation of evaluations of the worth of American fiat. "A purely peer-to-peer version of electronic cash would allow online payment to be sent directly from one party to another without going through a financial institution." 
-Bitcoin WhitePaper Intro 

Many wars have been waged for the mere sustainability of the American dollar. Other countries worldwide trade it and peg their own currencies to it. Another currency has appeared in this recent decade drawing not only worldwide attention, but some of its value as well. The Satoshi is the smallest unit of BTC cryptocurrency. As weed:gram and dollars:cents, Bitcoin:Satoshis. The Satoshi represents one hundred millionth of a Bitcoin. The General structure of 
Bitcoin is 1 BTC = 1000 millibitcoins (mBTC), 1,000,000 microbitcoins (uBTC), or 100,000,000 satoshis. In decimal form, 1 satoshi = 0.00000001.100k satoshi = 0.00100000 1M satoshi = 0.01000000 10M satoshi = 0.1000000 100M satoshi = 1Released in 2009, and traded in 2010, BTC began as a simple p2p transaction service making the user their own bank.

Backed my computers, the digital signatures prevent fraud and double spending. The purpose of this quick breackdown is to realize that present day, 1 BTC had dipped to $9,310. That in itself, is a crazy accomplishment in store of value. Moreover, the increasing price has not deterred investors and countries alike as the dollar has less power in purchasing another asset: the satoshi. $1 would get you 10,748 satoshis. That is .8 Euro and 6.30 Chinese Yuan. Just as the dollar buys goods in the physical realm, satoshis does the same on the digital realm. With them you can participate in new or old companies working with businesses or creating new technologies. Satoshis buy other coins other than BTC which prove to have their own source code seperate from BTC. As the crypto markets rises, one tends to wonder will we exist in a time where there will be a new medium of exchange? BTC has continued to soar over past new highs and bounce off of previous ones. The store of value in the digital asset can not be ignored, and one has to wonder is there more purchasing power in holding on to every single satoshi to see if it would usurp the dollar? That is a question only time can answer. 
moguldom.com/17869/can-the-crypto-market-survive-huge-thefts-bitcoin-nem-seem-unfazed-by-500m-hack/