Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is NOT mathematically limited to twenty one million bitcoins
by
franky1
on 29/07/2017, 08:30:56 UTC
I'm kinda confused over here, isn't raising the caps on the number of satoshi in the bitcoins system devalue the currency, I believe that's what happens in the world of economics, print more money and you will devalue the currency. Look at Zimbabwe for example.

its not printing more money.
its cutting a bank note into confetti to then make each scrap of paper sharable. in the hope that each scrap of paper pushes the value up

EG
imagine a $10 bank note buys 10 loaves of bread.

cut the $10 bank note up so 1000 people can have a 'bank note' instead of one person. and hope that each scrap of paper buys 1 loaf of bread. making if you selotape the scraps together... a whole bank note be valued at 1000 loaves of bread.

(which converting to old fiat value becomes $1000 value of whole bank note)

its the opposite of zimbabwe's inflation where one day 1 bank note of X ZD buys a loaf.. then later it requires printing millions of ZD to buy a single loaf.

ZD=inflation
dividing units of measure = deflation

but thats just visually. because the confetti analogy is a new twisted method of creating new 'smaller' bank notes.. so it gets confusing to people depending on which way you look at it