however that then plays into the 'shareable' units (scarcity) debate. of adding more shareable units available at the bottom end
Actually it doesn't; it'd have the same scarcity after all, whether we hard forked msats in the source code or not. The number 21,000,000 BTC would never be exceeded. It wouldn't even touch it.
sats have always been a shareable unit.
there have always been a rule that the circulation from 5000000000sats per block will halv after 210k blocks and cause a result near on 2100000000000000 sat total cap eventually
yep since day one only 2100000000000000 shareable units.
thats the real scarity
something is not more scarce because redefining 2100000000000000 parts into a buzzword for human eyes as 21m..
because sharing divisions of this buzword has always been possible
heck if i created a new buzzword of just 21,000megabitcoins does not make it more scarce
because there is still currently still only 2100000000000000 sharable units (sats limit of future circulation)
however to increase the shareability reduces the scarcity.
imagine something is set in stone.. a round whole pizze can only be shared as a round whole pizza. a pizza is the smallest unit..
ordering 10 pizza's = only 10 people max can share
but inventing sliced pizza..
means more can share and suddenly pizza is not as scarce as more then 10 can get a slice
..
many people think bitcoin was invented from btc with decimal divisions being the temporary flimsy buzzwords that can change
when reality it was built from satoshi mutliples up where btc is the empty buzzword of just human visual
changing the 'must consume sats in whole units' sats rule.. to allowing slices of sats. is allowing more sharing and thus less scarcity
the funniest part is. i am a bitcoin(btc) maximalist. i dont want to go playing on other networks or made/forced to use other networks just to spend my value FAIRLY.
Why is this the funniest part and why are you forced to “spend your value” with LN?
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multiple bits of cludgy code done so just to push users to use new formats and then call old formats expensive and bad and used to promote new networks as the solution
.take the vbyte to bytes that put legacy transactions at a premium 4x fee
.take the lack of any tx fee formula to actually accurately gauge value/age of coin to set true
premium/discount that has real purpose
EG coins under 10 confirms should for efficiency purposes cost more then coins over 144 confirms..
(as it makes spamming tx more expensive)
.take having a everyone pays more lame excuse to deter spammers just makes everyone not want to use it as much
there are many websites that have turned off bitcoin support and moved to accepting altnet currencies just due to the fee cludgy decisions
after all if paypal started saying that people gotta pay $2+ each time they do something on ebay. people would pay for things using a different payment service