Pages:
Author

Topic: The supply issue - page 4. (Read 1090 times)

legendary
Activity: 2226
Merit: 6947
Currently not much available - see my websitelink
December 29, 2020, 09:22:34 PM
#3
I'm seeing this particular topic on twitter today and it's got me a bit stumped. So I would like to ask my hero bitcoiners here for their advice:

If bitcoin's price and market cap continue to increase, and if a 2nd layer or off-network protocol allows people to subdivide their satoshis into smaller and smaller units, does the whole 21 million BTC supply cap even matter anymore?
I don't know who made up this nonsense argumentation but you don't need to worry about it.  Smiley
Dividing Bitcoin does not mean increasing it, it's always be capped at 21M.

To own 1 BTC, you need to buy 1 BTC
To own 0.1 BTC you need to buy 0.1 BTC
To own 0.01 BTC you need to buy 0.01 BTC
...

Dividing into smaller units does not mean increasing supply.

There are many on Twitter confusing it:
https://twitter.com/_benkaufman/status/1343839142287990784

 Cheesy Cheesy Cheesy Cheesy
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
December 29, 2020, 09:19:55 PM
#2
Yes because it's still limited supply no matter how much you subdivide the satoshi. In the end, there is a limitation on splitting each satoshi if this become possible due to the value of each satoshi. Splitting a cents is not valuable anymore tho.

A 21 Million supply is still 21 Million supply no matter how many times you split it.
jr. member
Activity: 36
Merit: 27
December 29, 2020, 09:12:55 PM
#1
I'm seeing this particular topic on twitter today and it's got me a bit stumped. So I would like to ask my hero bitcoiners here for their advice:

If bitcoin's price and market cap continue to increase, and if a 2nd layer or off-network protocol allows people to subdivide their satoshis into smaller and smaller units, does the whole 21 million BTC supply cap even matter anymore?
Pages:
Jump to: