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Topic
Board Bitcoin Technical Support
Topic OP
BitCoin: is it really finite?
by
SwankyGoat
on 06/06/2021, 02:24:11 UTC
Hello all,

I am new to this forum, so I hope you will not take my question wrongly.

I have been discussing Bitcoin with friends and people who have some substantial amounts.

I hear the claim that Bitcoin is finite, with a total of 21 million over and over again. However, this all seems like mind games to me and the people involved are not realising that in actual fact Bitcoin is infinite (or at least it's supply is!).

Before you jump on me, please allow me to explain.

The Bitcoin TOTAL is indeed fixed at 21 million. OK, that makes it finite right? Very Wrong!

The thing is Bitcoin is infinitely divisible, it can go as small as it needs to go, you can own 0.1% or 0.0000000000001% or even less...

This means that while the TOTAL is finite, the number of denominations / fractions / divisions has no limit.

Isn't everything like that? Isn't it the TOTAL that counts? NO.... and here is where the trick lies:

Let's make a thought experiment and take 21 million Bitcoin vs 21 Million litres of Water. Are both infinitely divisible? NO!

The Bitcoin is, you simply go smaller and smaller....... but you cannot do this with water, once you reach 1 molecule of water (H20), you cannot divide it further whilst keeping it as water...... if you break up the H20 Molecule it is not water anymore.

Therefore, 21 Million litres of Water actually has a limit, both in TOTAL and in DIVISIONS and is therefore a FINITE resource.

Bitcoin on the other hand has a limit in TOTAL, but not in DIVISIONS and is therefore an INFINITE resource.

None of the people heavily involved in Bitcoin have accepted or admitted this, on the other hand people with less or no investment, especially from Scientific and economic backgrounds, have agreed with me.

What would you make of this?