Post
Topic
Board Bitcoin Discussion
Re: Why will Bitcoin have value?
by
franky1
on 14/01/2023, 06:52:23 UTC
bitcoin is not a scarce resource
there are going to be 2,099,999,997,690,000 sharable units.
Of course, another weird interpretation of franky. Being scarce isn't the same as being highly divisible, but who am I to ruin your fantasy? Bitcoins aren't scarce. Gold isn't scarce either, we have grams. Food isn't scarce if you cut it in multiple pieces! Time isn't scarce, we have nanoseconds.

Scarce:
occurring in small numbers or quantities; rare.  insufficient for the demand.

sorry but 8billion vs 2,099,999,997,690,000 shareable units
do the math

oh and please FOR ONCE go look at the blockchain data.. the immutable data that even i cannot change!!!

block rewards 2009-2012 released 5000000000 units per block.
check the numbers
hex: 12A05F200
binary:100101010000001011111001000000000
value 5000000000

block rewards 2012-2016 released 2500000000 units per block.
check the numbers
hex: 9502F900
binary:10010101000000101111100100000000
value 2500000000

block rewards 2016-2020 released 1250000000 units per block.
check the numbers
hex: 4A817C80
binary:1001010100000010111110010000000
value 1250000000

block rewards 2020-2024 released 625000000 units per block.
check the numbers
hex: 2540BE40
binary:100101010000001011111001000000
value 625000000