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No, there's 4 quadrillion units. The 21M is a psyop that doesn't apply, because the units are divisible without losing utility.

If you cut a banana in half, it doesn't full two people the same as a whole banana each. If you cut a tractor in 10 pieces, you don't have the same utility as 10 tractors.

Not so with Bitcoin. A division of a Bitcoin fulfills the same purpose as a whole Bitcoin. It loses no utility on account of it's division.

If you could slice a banana into 100 pieces and each piece still satisfied the same wants as a full banana, you have effectively expanded the supply of whole bananas.

The supply of units on the Bitcoin blockchain will be 4 quadrillion, if we imagine it will never ever change (tho that requires less sign-off than a Fed interest rate hike).

Secretary Janet Yellen 2y ago

If you exchange a $100 bill into 20 five-dollar bills, the bills have the same utility so they should have the same value, making it $2,000. - GeNiUs

Are you willing to sell me one #Bitcoin for one satoshi, #[1] ? Considering the same utility, you shouldn't have a problem with it.

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Lysander Spooner 2y ago

Your example is so obviously flawed, it's no wonder you have trouble with these concepts. When you say "making it $2,000" you switch from talking about utility to valuation.

I never claimed the valuation of a sat is the same as the valuation of a BTC. I said the utility of a sat is the same as the utility of a BTC.

Which makes the SAT the fundamental "unit" of Bitcoin, and the BTC simply a collective noun for 100,000,000 units.

The number of units is not 21M but 2 quadrillion 100 trillion.