A quadrillion is a very cool sounding number.
"Yesterday the Japanese Finance Ministry made a whopper of an announcement: in
the year ending March 2013, total Japanese debt will surpass one
quadrillion yen, or ¥1,086,000,000,000,000. So prepare to add quadrillion to the vernacular. At this exponential rate of
increase quintillion will appear some time in 2015 and so on."
--http://www.zerohedge.com/news/%C2%A51086000000000000-quadrillion-debt-and-rising-and-whythe-%C2%A5-will-soon-be-lost-decade-or-two
In computer terms, a megabyte is one million bytes. A gigabyte is one billion bytes. A terabyte is one trillion bytes. What's next? A Petabyte is one quadrillion bytes.
These no longer seem like impossibly big numbers. Quadrillions and Petabytes are here. A trillion dollars here, a trillion dollars there, pretty soon we are talking about real money. Let's stay away from quintillions for now.
What is the first prime number bigger than 1 quadrillion? 1 quadrillion+37. That is 1 followed by 13 zeros followed by 37. It took less than 1 second to calculate. What is the second one? 1 quadrillion+91.
So, if you accept the premise that the national debt never has to be paid, what does the size matter? I previously calculated that we will hit the 1 quadrillion dollars in national debt by 2089. Bring it. We can handle it.
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See also: http://jpkoning.blogspot.com/2013/04/the-growing-demand-for-larger-and.html
The DTCC settles over $1 quadrillion of trades each year.
On the smaller side of things, a "mill" is 1/1000 of a dollar. A "millibit" is one-thousandth of a bitcoin, also known as a "millie".
A "pip" is a term used in foreign exchange and it is equal to 1/10,000 of the dollar or currency unit. For example, the current value of the Euro in dollars is $1.2848. It has 4 decimal places. This is also called a "basis point" or a "bip".
A "drop" is one millionth of a currency unit, and is used only with ripples, a currency similar to bitcoin. A millionth of a bitcoin is "microbit", also called a "mickey".
A "satoshi" is one-hundred-millionth of a bitcoin.
In the old British sterling system, there were 20 shillings to the pound, 12 pence to a shilling, and 4 farthings to a penny. Thus a farthing was 1/960 of a pound. A "grano", used in Malta, was 1/3 of a farthing or 1/12 of a penny and thus 1/2880 of a pound.
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