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0 sats \ 4 replies \ @m4 1 Jul 2023 \ on: Is it really limited the Bitcoin supply? bitcoin
Go back to math class.
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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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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That guy doesn't distinguish dividing from multiplying.
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