Post
Topic
Board Bitcoin Discussion
Re: 5 Reasons McAfee’s $2 Million Bitcoin Prediction May Not Be So Crazy
by
Kyraishi
on 24/10/2019, 22:59:56 UTC

    1. Bitcoin’s Scarcity Will Lead to a Price Surge



Dude ,

The bitcoin scarcity scam is a myth.

They say their are only 21 million bitcoin to be made.

But that is only true if the smallest denomination is 1 bitcoin.

It is not , the current smallest denomination is .00000001 ,

which means the bitcoin supply is not 21000000 as they told you,

the actual bitcoin supply is 2100000000000000, comes out to 2.1 QUADRILLION.
Not a limited supply at all.

The real scam is they can inflate the supply by going to the right side of the decimal instead of the left.
* The Scam network LN, already goes to 12 places below zero, so they are even worse.*

FYI:
McAfee is a NutJob.
It depends, if you're going off the lowest denomination (satoshis), it's a bit flawed since people don't calculate things via the lowest cent, and with transaction fees being a thing with bitcoin, sending a single satoshi or 2 is impossible to do with how much fees there are for even small transactions.

Honestly, it's looking very dire for crypto-currencies in the future and with there being such a huge focus placed on stablecoins over bitcoin, I don't think we are going to see a lot of adoption in the future and not a lot of growth.