2.1

Reply to this note

Please Login to reply.

Discussion

2,100 trillion fundamental units of BTC.

Know how many USD cents there are in circulation? 150 trillion

As in, total amount of USD in circulation is estimated at 1.5 trillion dollars

x 100 cents per dollar = 150 trillion cents, the fundamental indivisible unit of USD.

There are 14 X more fundamental units of BTC than USD.

Well, there was never a hard cap on any currency, fiat or backed. If backed by gold or some other precious commodity then they would print more as it was pulled from the ground. If fiat then, well, you know.

Why would it ever need to be raised to inflate vs the cent? Is Earth's population gonna 14 X?

PS: The BTC cap is easier to change than the Fed interest rate. 6, now 5 devs with write access. No one ever called a fork the real deal. The 21M cap doesn't even appear in the white paper. Sorry, The 2 quadrillion 100 trillion cap.

#[9] Cents after 110 years are 14 X scarcer than sats after 15 years.

#[9] the USD could keep printing at the median rate since its founding and it would take 1540 years before sats are scarcer than cents LOL!

Taking a wild guess that you hate bitcoin and will never care about it.

Let’s ask him what his preferred store of value is?

Everyone from the beginning of time has wanted to preserve their purchasing power. So, what is yours if it’s not bitcoin?