Replying to Avatar Moid

I heard this argument before. It doesn’t matter what the protocol level is IMO. And to suggest the scarcity perception changes that come with it don’t matter, seems bizarre to me.

“There is no such thing as words. There are only letters that make up the words, so now we call letters, words”
Avatar
jimbocoin 🃏 11mo ago

The real argument is this: once we hit $1M per whole coin, it won’t make sense to price it in that way. At $1M per BTC, a satoshi costs $0.01. Sat/cent parity.

That’s when we do a one time 1:100,000,000 “split” and move the decimal 8 places.

Reply to this note

Please Login to reply.

Discussion

Avatar
Moid 11mo ago

We will need to agree to disagree here, I think.

It looks like you have smuggled in ‘it won’t make sense’ without specifying why, as if it is a given people would just agree with.

For me “there will only be 21m bitcoin” is more powerful an argument to not mess with it.

The entire premise of bitcoin is its fixed supply. No hand waving will obfuscate the fact that there are now 1.2 quadrillion bitcoin - especially for those who already want to throw stones.