Post
Topic
Board Bitcoin Discussion
Re: Is the 21M BTC supply promise realistic?
by
Khaos77
on 13/02/2020, 04:39:35 UTC
1 gallon of gas will take you 30 miles
.00000001 gallons of gas, won't even start your car, it has no value

In Bitcoin ,
1 bitcoin can be used spent
.00000001 bitcoin can be spent

From a technical standpoint, .00000001 can do anything 1 bitcoin can do, you lose no ability to spend
Welcome to the virtual world , where the smaller has the exact same properties as the larger.
Which is why inflating to the right of the decimal offers endless supply while fooling many into thinking bitcoin supply is limited.  Smiley
 

.00000001 cand do the same thing as 10 x .0000001 can and nothing more.
You can buy 1 ton of gas with one BTC here, you can buy only 1 liter with 1 mbtc and you can only buy droplets with satoshis.
If one satoshi will ever buy you a tank of gas one BTC will buy you a hundred million of it.

There is no endless supply from a value point of view.
It would be like your gas tank is also never completely empty because at any time you still have one molecule in it so there will be no end to oil ever.
But just as 0.000000000000000000000000000000000001 is worthless so it is your molecule of gas.

The 10k price is really hurting you, isn't it Mr. Teddybear? Your attacks on bitcoin are getting really lame lately!


Ok, you are completely missing what was put in front of you.

In the Physical world , an item can not be endlessly divided, because at some point it loses all value.


In the Virtual world, bitcoin is assigned a value ,
and yes 1 Bitcoin can be assigned a value of $1 or .0000001 of a bitcoin can be assigned a value of $1.

There is nothing technical 1 bitcoin can do that .00000001 can't.
Both can be sent or received on the blockchain, that is all they do.


In your argument above  , you confused the assigned speculated value of a bitcoin verses fiat with it's numerical supply.

21 million bitcoin at the lowest denomination of 1 bitcoin = 21 million bitcoin supply
21 million bitcoin at the lowest denomination of .25 bitcoin = 84 million bitcoin supply
21 million bitcoin at the lowest denomination of .00000001 bitcoin = 2.1 quadrillion bitcoin supply

Notice every time the denomination goes farther to the right, the total numerical supply for trading increases.  

I suggest you schedule yourself for a remedial math class if the above is over your head.  Kiss

Bitcoin Price is falsely manipulated, if you can make money from that manipulation , Good for you!  Smiley
The Bitcoin Halving is the perfect time to fool the populace that bitcoin price is increasing to insane sums,
so they can draw more suckers in , and then pull the bottom out from under them.
Halving don't really make a huge difference as Litecoin halving was a complete failure for a price increase,
yet now it increases when Bitcoin halves, run lemmings run.  Cheesy

The person, I have noticed plays it perfectly is Charlie Lee, he seems to be on speed dial with the main manipulator.  Wink

FYI:
While you are bragging on bitcoin ~25% increase since Jan 2020,
ZEIT's Price increased ~300%.  
 Smiley