Re: Could the need of Bitcoin being more divisible lead to a hard fork?
Imagine the following scenario (that could possibly occur in decades):
Bitcoin becomes widely adopted, its marketcap surpass the dollar's, and it become so valuable that even a single satoshi is worth more than, for example, a couple of pens, a bottle of water, etc.
In that case, payments for small amounts wouldn't be possible even with second layer solutions such as LN, because even a single satoshi would be more valuable than the price of the product. There would be a need for Bitcoin to be more divisible, for it to be broken down into even smaller parts.
Would such need to use smaller denomination units (smaller than satoshi) require a hard fork? Can someone shed some light into it?
Bitcoin becomes widely adopted, its marketcap surpass the dollar's, and it become so valuable that even a single satoshi is worth more than, for example, a couple of pens, a bottle of water, etc.
In that case, payments for small amounts wouldn't be possible even with second layer solutions such as LN, because even a single satoshi would be more valuable than the price of the product. There would be a need for Bitcoin to be more divisible, for it to be broken down into even smaller parts.
Would such need to use smaller denomination units (smaller than satoshi) require a hard fork? Can someone shed some light into it?
There has never been in the history of bitcoin that a hard fork bitcoin has ever become successful, the ones they did in the early days of bitcoin and the ones they did in the all-time high price of bitcoin to date have not reached the half potential of bitcoin talk more of doing what they are been created for. A hard fork of bitcoin is not necessary nor indispensable, it will make some bitcoin holders if they airdrop it for them but it will mostly enrich some Cartels who will create such fork coins, we have seen it in the past and they didn't it age well. Look at BitcoinCash creator, Craig Wright, he ended up scamming people with his fake Bitcoin only to come back again to say that he is the real Satoshi, a very dishonest person.
