Post
Topic
Board Bitcoin Discussion
Re: Why do many people call Bitcoin "digital gold"?
by
franky1
on 22/07/2021, 19:10:46 UTC
2)Easier to divide:
Compared to gold, Bitcoin is easier to divide. The smallest unit of bitcoin is 1 satoshi, and a bitcoin can be divided into 100 million satoshis. At the same time, the Bitcoin split has almost no cost, while the golden section has a huge cost.

in the blockchain... there is no btc..
there is no 21mill limit rule

in gold in the ground there is no bars of 1tonne
there is no 195thousand tonne limit

..
the real limit and measures.. start small
miners mine sats and grams

its only 'basket termed' for easy human brain to understand big numbers

in 2009 the first block reward was not 50btc.
it was 5000000000sats. and every 4 years that reward number halves

for graphic user interface. thus is divided down by 100mill to become 1btc basket term
so technically your not splitting a bitcoin. your instead lumping sats into a btc basket

grams of gold can be lumped together into bags of kg gold or smelted into tonne bars
but humans years ago decided to lump gold into bars of 12,000 grams as their basket number
and a subset 28gram = 1 ounce

..
but the point is
bitcoin always is a unit of measure from sats -up
gold always is a unit of measure from gram -up

it only becomes basket terms down.. AFTER humans play around with it