Hugh has never heard of milli sats. And if we run out of milli sats we'll use micro sats
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not on the base layer and only via rounding on lightning (you don't want to have to round with smaller and smaller denominated units with final settlement) https://lightningwiki.net/index.php/Denominations
"The amount is rounded down to the nearest satoshi when the channel is closed and broadcast to the blockchain to adhere to bitcoins specification."
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It'd require a hard fork to get millisats on chain, but I'd support it if it were needed.
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This argument is silly.
If this argument comes true, then the last person to remember their password, would have the option to sell to a new user. They would basically set the price until all market participants found a sats/usd rate that they agreed to.
The world could run on 21 BTC just the same as it does on 21M BTC. Only difference is the price per sat.
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if your argument is that because of people losing all their utxos it will drive btc >1mil then we are in for a load of hurt
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personally, I don't fucking care about brainless NPCs nocoiners, that don't even want to listen about Bitcoin. HFSP And those that are not willing to read and learn at least 2 pages of guides about how to use and secure his bitcoins... fuck them. They get what they fucking deserve. NO REMORSE FOR IDIOTS
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dude, you are out of control.
this is not about nocoiners it is about people with bitcoin ultimately losing all of their holdings as generations progress
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sorry I am always out of control in this mad world. I am not more crazy than all these fuckers nocoiners. People with bitcoin that lose their holdings are ABSOLUTE MORONS thatr do not read a fucking paper about how to secure their fucking seed
See this picture?
Is fucking REAL. Is from 2016! I even point out where is the fucking bitcoin seed and even today after 8 fucking years people don't get it!
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I'm confident we will find better ways at managing self-custody before "the sun sets."
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of all the critiques of btc i think of this one the most since passing on wealth outside of the "system" is harder than most people think
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So the argument is that bitcoin is worthless because people can steal them or lose them? Where is the logical connection in his argument? If people want to steal them, isn't that evidence they aren't worthless? Likewise if people are concerned about losing them.