Quote from: Transidium on May 07, 2015, 12:59:55 AM

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You're completely ignoring that it requires 100,000,000 satoshi to make up a full bitcoin all of which are limited. If you are ready to "get over the mindset" I will happily trade you 1 satoshi for your one bitcoin right now. I mean it's just a value being assigned by integer increments, right?

I'm not saying that 1 sat = 1 BTC. I'm saying that 1 sat has the same blockchain/transactional capability as 1 BTC.
This is where the "If 21M people want BTC, we hit the utility ceiling!" argument falls apart.

Are you saying that the potential exists for transactional demand to surpass a supply of 2.1 quadrillion fungible units, when the primary argument for Bitcoin centers around its functional value over otherwise perfectly usable dollars?

Ben

The argument does not fall apart. If there is incredible demand and I can only get my hands on 0.001 bitcoin, I can not assign a value to it and send it to a recipient. The value is set elsewhere. If one bitcoin is worth $2 and I need to send $4 to someone then I have to come up with 2 bitcoins, period. I can not send them 0.001 and tell them to treat it as if it's worth more. You asked for an intelligent discussion then you refuse to acknowledge simple supply and demand rules that have been proven again and again.
I can admit I don't know the future. The price could go to $0 or to $100,000 in 10 years. Stating that the price will never cross (X) is short sighted and foolish.