How much would a 1$ product cost in Bitcoins?

[Danieluh]

Hi,
I found this on the website: "In the future, if Bitcoin becomes truly popular, each single Bitcoin will have to be worth at least hundreds of thousands of dollars in order to accommodate this additional demand." It has to be that way since there never would be more than 21 million Bitcoins.

If I in the future should buy an USB-cable worth 1 USD and 1 Bitcoin is worth 500 000 USD. Would the cable cost 0,000002 Bitcoins?
If so, it would be difficult to quickly get an impression of what the products costs. Its to many zeros.

[Finglis]

True, but you can see it's really cheap right? We will soon get use to ignoring the Zeros - keep the faith!

[LauraSteffano]

The situation changed every year, so let's see...

[GreyWyvern]

Hi,
I found this on the website: "In the future, if Bitcoin becomes truly popular, each single Bitcoin will have to be worth at least hundreds of thousands of dollars in order to accommodate this additional demand." It has to be that way since there never would be more than 21 million Bitcoins.

If I in the future should buy an USB-cable worth 1 USD and 1 Bitcoin is worth 500 000 USD. Would the cable cost 0,000002 Bitcoins?
If so, it would be difficult to quickly get an impression of what the products costs. Its to many zeros.

Long before we reach that point, merchants will start pricing things in smaller denominations of Bitcoin, like:
- Millibitcoins (one one-thousandth of a bitcoin)
- Microbitcoins (one one-millionth of a bitcoin)
- Or even satoshis (one one-hundred-millionth of a bitcoin)

Your USB cable would be priced as .002 millibitcoins (millibits), 2 microbitcoins (microbits), or 200 satoshis.

[OneChain]

People will just start using satoshi denominations, so that will easily solve that problem.

[AlexFerson]

The situation changed every year, so let's see...

But what about now?...