It's a minute amount of inflation that can go on forever and will just trend to 21M Bitcoins as we've already marketed so well.
If we don't add decimals, we'll never get closer to 21M.
2.094 ≠ 2.1 (quadrillion sats).
Discussion
inflation is when you grow the monetary base. you don't call it inflation when you break a dollar into pennies. even thought you now have 100 pennies, it's still just a dollar.
0.100 = 0.10000
2.094 quadrillion sats after the last halving epoch.
If we add more decimals it'll trend to 2.1.
That's minor inflation but we quote 21M BTC already so people shouldn't have an issue with changing the value of 1Sat from .00000001 to .000000001
Breaking a dollar into pennies is a bad example,
It's more like breaking a penny into smaller denominations.
Don't lose the forest for the trees. Regardless of what you're breaking, it doesn't change the value of what you are currently holding.
Inflation has a definition. It's when you expand the monetary base and adding decimal places doesn't change the value of one 1btc... period. it just means you can buy BTC at even smaller fractions.
1.0 =1.00 =1.000
0.1 = 0.10 = 0.100
1btc doesn't exist - only satoshis do.
There is no "breaking a dollar" when you send Bitcoins.
You are sending satoshis.
lol. alright dude. you win... enjoy your day.
I feel bad that you're taking it the wrong way my g.
But that's why Satoshi added extra halvings into the code.
1.00000000
=
1.000000000
This is true.
But in our scenario one Satoshi isn't the 8th decimal place anymore.
1.000000001
That is a new Satoshi that didn't exist before and cannot exist unless consensus changes that one day.
So you have to ask yourself how many satoshis make up 1BTC in this scenario?
1BTC = 1BTC
This is true, because to accumulate 1.0....
You need 100M of the current lowest denominator, which if we're adding decimals doesn't change the amount of Satoshis as we describe them today,
That's why LN uses the millisat denomination for everything after 8 decimals so as to not break consensus on how we describe "1 Satoshi".
So if we do add decimal places - we should probably also change the name of the smallest denominator to millisat - which doesn't change anything but can give people a marker of how to count to 1BTC.
"I have 100m Satoshis + 1 millisat"
= 1.000000001