If $1.00 = 100 Cents.
1 Cryptocurrency COIN = 100,000,000 units or SATOSHI's
most people look at these as complete coins as USD dollar value only -- never seeing them for what they are actually worth in the cryptocurrency // blockchain world in which all CURRENCIES have a basic BTC and ETH valued attached with them.
Ethereum units are not measured in Satoshi's but instead measured in what's called a GWEI's
(same 8 decimal points over as BTC's Satoshi's pronounced Sa-toe-she's) = ETHER's units are pronounced G-w-hi)
(PRICES AT TIME OF WRITING)
Bitcoin @ $32,981
Bitcoin Cash @ $497
Litecoin @ $133
Dash @ $ 127
Ethereum @ $ 2,168
Monero @ $ 207
Bitcoin @ 1.00000000 BTC
Bitcoin Cash @ 0.01508825 BTC
Litecoin @ 0.00403790 BTC
Dash @ 0.00387911
Ethereum @ 0.06556406 BTC
Monero @ 0.00629412 BTC
But still another way we can look at these are in terms of number of SATOSHI's of BITCOINS
1 Bitcoin = 100,000,000 Satoshi's (or SAT's for short)
1 Bitcoin Cash @ 1,508,825 SATs
1 Litecoin @ 403,790 SAT's
1 Dash @ 387,911 SAT's
1 Ethereum @ 6,556,406 SAT's
1 Monero @ 629,412 SAT's
so in this respect we may then perceive their true value full circle by respectfully observing their USD value NOT in. terms of DOLLAR's but in terms BITCOIN # OF SATOSHI's.
For comparison 10,000 = 0.0001.
B10,000 SAT's of Bitcoin = $3.2981 USD.
B10,000 SAT's of Bitcoin Cash @ 4.97 cents.
B10,000 SAT's of Litecoin @ 1.33 cents.
B10,000 SAT's of Dash @ 1.27 cents.
B10,000 SAT's of Ethereum @ 21.68 cents.
B10,000 SAT's of Monero @ 2.07 cents.
Price of Items based on average US Prices MARCH 2021
gallon of Gas @ $2.1599
gallon of Milk @ $3.53
Lumber @ $1,510 / 1,000 (Board feet)
Gold @ $1,793
Silver @ $26.50
2 Bdrm Apt in the city @ $1,850
dozen eggs @ $1.21
loaf of bread @ $2.50
average meal at resturant @ $15.00
6 pack of beer @ $8.99
Minimum Wage in Seattle, WA @ $16.69/Hour
Based on knowledge of these prices and all of what we’ve learned so far, we now can have a full comparison of all items in BLOCKCHAIN VALUE based on BTC SATOSHI’S.
Price of Items IN SAT's based on average US Prices MARCH 2021 and BTC current value of 32,981 JULY 2021
gallon of Gas @ 6,589 Sat’s
gallon of Milk @ 10,703 Sat’s
Lumber @ 45,788,393 / 1,000 (Board feet)
oz of Gold @ 5,436,463 Sat’s
oz Silver @ 80,470 Sat’s
2 bedroom Apt in the city @ 5,609,290 Sat’s
dozen eggs @ 3,668 Sat’s
loaf of bread @ 7,580 Sat’s
average meal at restaurant @ 45,480 Sat’s
6 pack of beer @ 27,258 Sat’s
Minimum wage in Seattle, WA @ 50,604 Sat's/Hour.
another way to look at our lives are in terms of USD value vs BLOCKCHAIN VALUES and the differences are obvious.
Minimum wage in Seattle, WA JAN 2017 @ $13.00
BTC 2017 @ $800 USD
ETH 2017 @ $8.00 USD
wages in BTC value @ 0.01625 BTC
wages in ETH value @ 1.625 ETH
Minimum wage in Seattle, WA JAN 2019 @ $16.00
BTC 2019 @ 10,000 USD
ETH 2019 @ $200 USD
wages in BTC value @ 0.0016 BTC (-90.15% from 2017)
wages in ETH value @ 0.08 ETH (-95.07% from 2017)
Minimum wage in Seattle, WA JAN 2021 @ $16.69
BTC 2021 @ 20,000 USD
ETH 2021 @ 1,400 USD
wages in BTC value @ 0.0008345 BTC
(wages -94.86% since 2017)
(wages -47.84% since 2019)
wages in ETH value @ 0.01192142 ETH
(wages -99.28% since 2017)
(wages -85.09% since 2019)