We know that total emission amount of Bitcoin will be 21 million. But what we know that the numbers have no end. Is it possible to divide one Satoshi? If so then no limit for Bitcoin supply.
0 sats \ 0 replies \ @nymatix 1 Jul 2023
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0 sats \ 4 replies \ @m4 1 Jul 2023
Go back to math class.
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0 sats \ 3 replies \ @oraltosun OP 1 Jul 2023
Really. Let's do it together:
Today Bitcoin is around 30,000 usd.
1 loaf of bread is 0.25 usd today.
It is equal to approx. 700-750 sats.
Right?
Think that Bitcoin covers all the fiat money value and all commercial value on earth. What will the value of 1 Bitcoin?
And how much will be a loaf of bread?
750 sats? I don't think so. It will be much more lower than that.
Besides new jobs, new valueable materials will be occur. If the economy would grow, then new values should be added to the system. Thus all the other existent values should decrease in order to spread the limited supply.
Otherwise there will be no enogh money for all the goods and services.
Printing money might be a necessary thing. But definetely in a controlled manner.
@SwearyDoctor
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2 sats \ 2 replies \ @nymatix 1 Jul 2023
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7 sats \ 0 replies \ @oraltosun OP 2 Jul 2023
Thank you for the proper response. The Bitcoin concept is not as easy as it seems. I look at other comments and see that they are assuming themselves as an authority... What a pitty...
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0 sats \ 0 replies \ @m4 1 Jul 2023
That guy doesn't distinguish dividing from multiplying.
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0 sats \ 0 replies \ @SwearyDoctor 1 Jul 2023
if you have a bottle with a hole that drains the water into another glass, and then make the hole smaller and smaller and smaller, does that mean you now get unlimited water, because it can keep dripping out (almost) forever?
bottled water companies hate this trick
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