How Much is a "Bit" Worth?

[Henny Penny Benny 936]

I'd guess they're worth -- *puts on sunglasses* -- quite a bit.

 

YEEEEAAAAAH!!!

[Carbon Maestro 1,003]

The bit is worth however much the writer wants it to be worth.

 

I was thinking it's like worth a euro, so a $1.50?

 

Then again, the cherry and tomato in the Fluttershy assertive episode means that the food might be priced differently than here. Prices might be overall higher.

[Koukatsu 5,898]

I'm sure we all know, but ponies use a form of currency called "bits." These take the form of small yellow coins, and seem to be the only denomination of currency. We've seen them used before, most memorably in "Putting Your Hoof Down." Bits are clearly shown to have a very low value, with a single cherry coming in at around 2 bits. What do you think bits are worth?

Well, based on what I know, it's just a pretty standard bartering system, seeing as it doesn't seem to be regulated in any way. Using the same cherry as an example, one was sold for 2 bits to somepony after Fluttershy had been told, what was it, 15 or 20 bits for the same cherry?

[Rainbow Eclipse 3,926]

 

 

Using the same cherry as an example, one was sold for 2 bits to somepony after Fluttershy had been told, what was it, 15 or 20 bits for the same cherry?

 

I think that was just the shopkeeper taking advantage of Fluttershy's determination to get the cherry.

 

*sigh* There you go, Flutters. The one time you show some determination, and it results in empty pockets.

[Dewdlz 938]

Hmmm, well I'm not very good with money, but assuming Equestria's economy is in a good state, it's probably low. From what I've gathered, 2 bits for a mug of cider, 8 bits for a basket of apples, and even silver bits are used in season three. I guess it relates from the past (our time) when things could be bought for seemingly low prices compared today.

 

Reference: http://mlp.wikia.com/wiki/Bits

[Koukatsu 5,898]

The guy was taking clear advantage of her. His starting price, 10 bits, was given only after he confirmed she was desperate for it. There isn't any regulation in our society either; prices are optimized for profit, but any store can sell anything at any price it wants.

 

I won't argue that, she most definitely was being gouged by the salespony.

I also agree that prices are set for the best profit.

But I feel that commercialism gives currency semi-regulation.

 

While a pony at, say, a small, family owned, single location business might have higher prices, it's not normal for them to gouge somepony like that. (Though, it's also not normal to talk about how desperately you need something to the one pony who's selling it! Haha...)

They can't necessarily compete with a giant chain corporation, like Walmart, but for their location, their prices will be pretty fair.

And because of a chain selling stuff at various prices, other chains have to try to compete.

It's not an official "regulation" of currency, but it seems to be keeping things in check.

 

Of course, then there's the gaming industry. Every game is $59.99USD (in the US), but not every game costs the same to make.

All I really know regarding that is what someone I know in the industry told me. He said the price is set by the publishers.

Didn't really elaborate beyond that, though.

 

Also, in terms of the monetary equivalent to our currency, I'd say a bit is about the equivalent of $0.03USD.

(Based solely on the price of cherries.)

[Snow Frostflame 3,567]

Equestria is a parallel universe of America and since bits are their only form of currency I would have to say one Equestrian bit would be equal to 1 U.S. penny

 

now if you don't use that as your currency just ask google

Edited October 12, 2014 by Snowflake Frostflame

[Admiral Regulus 2,769]

1 TB of storage is about $50.

 

1 TB is 1,000,000,000,000 bytes.

 

1 byte is 8 bits.

 

1 bit is thus 6.25e-12 USD.

[Lucky Star 971]

I did some googling, the answer to your question is here

http://thing07.deviantart.com/art/Bits-Dollars-Conversion-Theory-198512195

[Lucky Star 971]

That's a decent evaluation, but only one way of looking at it. It is an answer to the question, not the answer to the question.

um... I' sorry... what? is it or is it not the answer. please choose one.

[gonna 11]

it worth on dolla so imma get dat ice cold wata

[Lucky Star 971]

The question can be answered in multiple ways using multiple forms of speculation. This is an answer, but it is only one answer. the only way to get "the" answer is to get it from the staff, but even their answers may vary.

 

Furthermore he didn't take into consideration the fact that Ponyville is right next to the biggest orchard in Equestria, which is filled entirely with nothing but apples, so the price of apples in Ponyville are bound to be far lower than anywhere else in Equestria.

okay then, but if theres really no positive way to answer. I don't think its right to shun his explanation based on something that might not matter. you know a lot of those apple could be exported to other towns and cities. 

you don't know that ponyville has a surplus, so therefore he might be right. 

[Red Cedar 1,406]

An exact comparison of the value of a bit may be difficult, given the fluctuating value of certain volatile commodities like cherries. However, there's an article on the MLP wiki that gives the values of everything exchanged for bits in the show, comics and books.

 

http://mlp.wikia.com/wiki/Bits

[ggg-2 3,550]

i'm gonna guess it's worth the same as a real life bit.

[LZRD WZRD 1,929]

If cider is 2 bits and a basket of apples is 8, I gotta think the Apples need to rethink their prices.

[LicketySplitHD 17]

Okay so we all know what bits are, And U.S. and other countries currency. But what is the equivalent to U.S. dollars to bits?

[Demonic Soulz 482]

1 bit equal 100 us dollars becaus e bits are gold

[LicketySplitHD 17]

1 bit equal 100 us dollars becaus e bits are gold

Yes but as currency, Not the material it might be made out of. 

[Demonic Soulz 482]

As currancy irk lube 1 bit is like...50cents in us currency I'm not sure

[LicketySplitHD 17]

As currancy irk lube 1 bit is like...50cents in us currency I'm not sure

Although it makes sense 2 bits for 1 tomato although in U.S. currency its 3.95 or 4.00

[Metemponychosis 1,236]

I don't think we can actually define this.

Prices we see on the show are all over the place.

[Andaasonsan 3,205]

In the US way back in the day a dollar was broken up into eight "bits". Later it was split up into one hundred cents, but people were used to using bits so it hung around. So a bit is 1/8th of a dollar or 12.5 cents.

 

I don't know if that will tell you how much pony bits are worth though.

[Lucky Star 971]

somepony already figured that one out.

 

 

This is an estimation of the exchange rate for Bits = Dollars and Jangles = Dollars

This theory will be going by the assumption that a bucket of apples seen in Call of the Cutie is 1 Bushel, costing 4 bits

Bits (If apples were very cheap)

4 Bits = $2.00 Nets you a bushel of apples (40-42 apples)

1 Bit = $0.50 cents Nets you 10-10.5 apples

0.08-0.10 Bits =  $0.04 7/10 - $0.05  Gets you a single apple

 

Bits v2 (If apples went for around the same price as the real world)

4 Bits = $14.00 Nets you a bushel of apples (40-42 apples)

1 Bit  = $3.50 Nets you 10-10.5 apples

0.08-0.10 Bits = $0.35-$0.37 Nets you a single apple

Bits v3 (If real world Bit was equal to the alternate Bit shown in the show)

4 Bits = $0.50 Nets you a bushel of apples (40-42 apples)

1 Bit  = $0.12 1/2  Nets you 10-10.5 apples

0.08-0.10 Bits = $0.01 1/4 - $0.01 1/24 (approx.) Nets you a single apple.

Jangles were used in older generations. This will be going by the episode "The Great Lemonade Stand War".

Really, conversion seems quite simple:

2 Jangles Get you two "extra special" lemonades

Lemonade at those stands generally go for around a dollar. Assuming that:

1 Jangle = 1 Dollar

 

~Thing07, Math Brony

http://thing07.deviantart.com/art/Bits-Dollars-Conversion-Theory-198512195

[Fhaolan 4,468]

A bit was actually an old term for one-eighth of a dollar. Way back when, one of the most stable currencies was the Spanish dollar, also known as the doubloon, or pieces of eight. It was called that because it could be physically broken into eight 'bits', which were still legal currency. Even after everyone stopped using the doubloon, the term 'bits' were still used to mean one eighth of a dollar. Which is why the old song 'shave and a haircut, two bits' was made. Because a quarter was still called 'two bits' all the way up until the 1950's.

 

So, what this boils down to is that the conversion rate is:

 

 

Eight Bits to a Buck.

[LicketySplitHD 17]

A bit was actually an old term for one-eighth of a dollar. Way back when, one of the most stable currencies was the Spanish dollar, also known as the doubloon, or pieces of eight. It was called that because it could be physically broken into eight 'bits', which were still legal currency. Even after everyone stopped using the doubloon, the term 'bits' were still used to mean one eighth of a dollar. Which is why the old song 'shave and a haircut, two bits' was made. Because a quarter was still called 'two bits' all the way up until the 1950's.

 

So, what this boils down to is that the conversion rate is:

 

 

Eight Bits to a Buck.

Alright, I think this topic is over! Soooo..... Thank's? I guess...