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by omarchowdhury
3256 days ago
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But you do know that a Bitcoin is divisible? A satoshi is one hundred millionth of a single Bitcoin. Why would there need to be an increase in supply to make Bitcoin a unit of exchange if its that divisible? Other than for psychological reasons? |
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That however, is irrelevant to its lack of utility as a unit of exchange. In particular, if Bitcoin is "going to the moon" - i.e. expected to always increase in purchasing power superlinearly, why is it ever rational to spend a Bitcoin (or a Satoshi)? This is the problem with hyperdeflation.