Post
Topic
Board Bitcoin Discussion
Re: A difference of opinions at the Bitcoin Foundation regarding the XBT proposal?
by
Biodom
on 24/10/2014, 13:08:24 UTC
How do you think this would sound to the CNBC TV quacks?

"There will only ever be 2.1 quadrillion satoshis in the world."
http://en.wikipedia.org/wiki/Names_of_large_numbers#Usage_of_names_of_large_numbers

Also, I can imagine the CNBC money-honeys not understanding "bits" and going on air to say:
"BREAKING NEWS: XBT has now been approved for bitcoin and 21 trillion is the new limit!"
Uhhh....yikes. That sounds like collapse...the exact opposite of what's happened the last 5 years.

Actually, J. Allaire of Circle did refer to 2.1 quadrillion satoshi or [units] in several public speeches.
Besides, with 21 trillion units you can start working toward unity(equality) with $$ since high tens/~hundred of trillions is where world GDP is.
Why would this be a collapse-no, instead of artificial scarcity it would be seen as an adequate number of units and we will work from low value per 100 satoshi to higher.
I can predict that this alone will cause a dramatic increase in activity because people will perceive having much more [units].