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Topic: The Bitcoin decimal issue - page 5. (Read 5567 times)

legendary
Activity: 1937
Merit: 1001
June 16, 2013, 10:38:54 AM
#9
This has to be one of the dumbest posts I've ever seen on this forum, and that's saying a lot. If the "problem" is that it is impossible for Bitcoin to produce infinite wealth by infinite splitting, then a) nobody who suggests splitting bitcoins has that as a goal; and b) if you think that is their goal, or should be, or is even remotely possible in any way whatsoever, or that anyone even believes it is possible, then you're an idiot.

This.

OP just took first position on my 'dumbest posts' list. Congratulations.
newbie
Activity: 21
Merit: 0
June 16, 2013, 09:20:38 AM
#8
The OP has no understanding of basic economics.

The value of any currency isn't "set" except by supply and demand.

100 years ago, you could buy a candy bar for $0.01.  Today that same candy bar is $1.00.  We didn't NEED to make the price more expensive, and it isn't more expensive at all, because the value of the US dollar has fallen 99x in 100 years.  So today's $1.00 is EQUAL to $0.01 from 100 years ago.

BTC will operate in the opposite fashion if it becomes widely used.  What costs 1BTC today might only cost 0.01BTC in 10 years, but the VALUE will be identical.
newbie
Activity: 29
Merit: 0
June 14, 2013, 07:31:42 PM
#7
This story reminds me of the infinite division vs infinitely small logic puzzle:  The question goes something along the lines of:  If you can split a minute/inch/teddy bear etc.  into an infinite number of smaller pieces, and because infinity is of course never ending, how is it then possible that your minute/inch/severed puppy ear is not infinitely long/long/(hairy?).
legendary
Activity: 4410
Merit: 4766
June 14, 2013, 07:22:49 PM
#6
Once upon a time there was a village where one rich man who had ten breads while the rest of the village was poor and starved. The rich man said to the poor people: "listen, I will share one bread with the rest of you, that should keep you satisfied" the villagers responded: "one bread wont feed us all" The rich man said "Oh, that is no problem, the bread can be cut into 20 slices". But The villagers responded "that is not enough, we are thousands of starving people" The rich man then said "that is still not a problem, because each slice of bread can be divided into hundreds of crumbles - and if that is not enough for you, each crumble can actually be divided into billions of molecules"

Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.

food and currency are 2 different things.

lets sat a town mayor owned one satoshi. he could divide it up as a trusted person into 100,000 parts and print pieces of paper that he trades gold, food, land for the decimals and then the receivers of the decimals can then use those decimals to trade amungst themselves for food, products etc. or trade with the town mayor to change the decimals back into gold/land whatever. never disappearing.

one slice of bread will keep a stomach happy for half a day. after that its gone never to come back, flushed down the toilet and tomorrow everyone is to starve.

completely different things entirely
full member
Activity: 235
Merit: 100
June 14, 2013, 07:17:03 PM
#5
Yes this post shows major deficits in comprehension.  Particularly of relative value.
legendary
Activity: 4536
Merit: 3188
Vile Vixen and Miss Bitcointalk 2021-2023
June 14, 2013, 06:08:39 PM
#4
This has to be one of the dumbest posts I've ever seen on this forum, and that's saying a lot. If the "problem" is that it is impossible for Bitcoin to produce infinite wealth by infinite splitting, then a) nobody who suggests splitting bitcoins has that as a goal; and b) if you think that is their goal, or should be, or is even remotely possible in any way whatsoever, or that anyone even believes it is possible, then you're an idiot.
legendary
Activity: 2058
Merit: 1452
June 14, 2013, 05:53:14 PM
#3
b8/10
legendary
Activity: 1137
Merit: 1001
June 14, 2013, 05:50:16 PM
#2
Once upon a time there was a village where one rich man who had ten breads while the rest of the village was poor and starved. The rich man said to the poor people: "listen, I will share one bread with the rest of you, that should keep you satisfied" the villagers responded: "one bread wont feed us all" The rich man said "Oh, that is no problem, the bread can be cut into 20 slices". But The villagers responded "that is not enough, we are thousands of starving people" The rich man then said "that is still not a problem, because each slice of bread can be divided into hundreds of crumbles - and if that is not enough for you, each crumble can actually be divided into billions of molecules"

Stupid story? Well it is exactly the same logic that a disturbingly lot of people here believe can solve the problem of the limited supply of bitcoins.

F-
hero member
Activity: 770
Merit: 504
June 14, 2013, 05:47:34 PM
#1
Once upon a time there was a village where one rich man who had ten breads while the rest of the village was poor and starved. The rich man said to the poor people: "listen, I will share one bread with the rest of you, that should keep you satisfied" the villagers responded: "one bread wont feed us all" The rich man said "Oh, that is no problem, the bread can be cut into 20 slices". But The villagers responded "that is not enough, we are thousands of starving people" The rich man then said "that is still not a problem, because each slice of bread can be divided into hundreds of crumbles - and if that is not enough for you, each crumble can actually be divided into billions of molecules"

After pondering a little on the rich man's last answer, the villagers became euphoric and danced in a ring shouting: "It can be divided into crumbles - and then into microcrumbles!" "It will be plenty for everyone!"  Some time after that they were all dead.
 

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