Post
Topic
Board Bitcoin Discussion
Re: Is there merit to a fixed supply increase rather than fixed supply cap?
by
franky1
on 15/08/2021, 22:46:01 UTC
maybe certain people dont understand fixed supply..

when someone says increase the decimals. he is actually advocating to increase the supply.
when this person learns about sharable units and understand increasing sharable units=increasing the supply he might learn that whether its increasing it at the top or bottom is the same thing.


at code level there is only one unit of measure..
and since 2009 it had 5000000000 units every block produced which halved every 210,000 blocks

the unit btc. is not existent in the blockchain, noir raw tx data..
its just a multiplication for human easy reading.

by increasing the units per block is increasing the supply
it does not matter if you call this new supply
6.25000000000 btc
or 625000000000 msat
at user graphic interface level..

at the code level its the same amount of sharable units being created per block
(1000 more than current)
..
wording it another way
if apples were sats and a box of apples are a btc

increasing the apples per box. may look like there is still only going to be 21million boxes of apples.. but people dont actually buy boxes anymore... the box is not the important code/data/utility unit.. they are actually interested in the apples that make up a box

yes a box of apples might have a international price tag. but individuals actually measure their purchases and spend to buy things in apple level units. no one buys things for whole box amounts. so the box has become unimportant.
where as the actual supply of the actual units of measure at code and data level is important and a fixed supply of units should remain that.

625000000 halving in a couple years.. not becoming:
625000000000