Replying to Avatar Lysander Spooner

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).
Avatar
Secretary Janet Yellen 2y ago

If you cut one #Bitcoin into 100 pieces, you don't have 100 bitcoins.

Or are you willing to sell me one bitcoin for 1 satoshi?

Answer this question before writing down another retarded opinion, please.

Reply to this note

Please Login to reply.

Discussion

Avatar
Lysander Spooner 2y ago

Never said you did. You maxis are so economically astute you can't tell the difference between utility and valuation.

The cent is the indivisible, fundamental unit of USD.

USD is then simply a collective noun for "100 cents".

There are 1.5 trillion USD aka "150 trillion cents" in total circulation.

The sat is the indivisible, fundamental unit of BTC.

BTC is then simply a collective noun for "100 million sats".

There will be 21 million BTC aka "2100 trillion sats" in total circulation.

There will be 14 X more sats than we have cents in circulation.