Topic: Do you believe 21 Million Bitcoins (Read 74 times)
legendary
Activity: 2156
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Marketing Campaign Manager |Telegram ID- @LT_Mouse
You should add one more option- doesn't matter. As long as it remains the same supply and doesn't get changed (which is impossible as doing so will create another chain, aka altcoin), there's nothing wrong with that. I don't exactly know what satoshi had in his mind when he fixed the supply(I can't remember if I have ever read any explanation), but my opinion would be the same if the supply was 42 million or even more but a fixed one, not like unlimited as we have in our centralized currency.
what if i told you that if you read the raw/real data of the value of a "1btc" tx being transacted.. its not "1btc" but 100,000,000 units
bitcoin uses 'satoshis' where a 1btc is a convenience display allotment for easy human eye reading
of satoshi/100,000,000=1btc
much like gold is picto grams(atoms) but combined into ounces and kg for easy human handling
bitcoin is fixed to its satoshi units(hard/true data on blockchain). and then calculates up from there to translated basket terms in the wallet/node display
there will be upto 2,099,999,997,690,000 fixed(hard data/rule) units of share-ability..by the time all fixed rule halving events have done their course
bitcoin uses 'satoshis' where a 1btc is a convenience display allotment for easy human eye reading
of satoshi/100,000,000=1btc
much like gold is picto grams(atoms) but combined into ounces and kg for easy human handling
bitcoin is fixed to its satoshi units(hard/true data on blockchain). and then calculates up from there to translated basket terms in the wallet/node display
there will be upto 2,099,999,997,690,000 fixed(hard data/rule) units of share-ability..by the time all fixed rule halving events have done their course
It doesn't matter, it's an arbitrary choice. As long as it's publicly known and doesn't change, the market decides the rest.
Do you have any opinion in support of your choice ??
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