Post
Topic
Board Bitcoin Discussion
Re: How do we not run out if bitcoin eventually
by
franky1
on 26/06/2021, 07:44:22 UTC
How does this not end up where a very small group of whales own the majority of coins and the rest own a miniscule amount of sats, and/or progressively more and more get lost throughout time?

whales gotta sell at some point. .. thats called circulation
i personally have been hoarding for like 9 years now.
some whales have a 3-5 year plan
most have a 5x plan (sell when price is 5x of buy)

but here is the biggest secret of all
on the blockchain. in raw tx data. there are no BTC.
everything is measured in sats

btc is a basket term made for giving a large number a name for easy understanding/visualisation

soon people wont be measuring things in BTC but in bits (100sats)
just like people dont measure gold by the tonne but instead by the ounce

so dont worry about not owning a whole btc. just like people dont worry about owning a tone of gold.
owning ounces of gold is acceptable. so owning bits will be acceptable too