|
|
|
|
|
|
by boon
2947 days ago
|
|
|
I've also been thinking about the whole "deflationary" nature of BTC (scare quotes intended), and the claims that it leads to an economy that cannot grow (the typical standard economics argument for government-controlled currencies). It seems to me the inherent infinite divisibility might change this? I understand that gold is easily divisible, but couple the logistics of physical coin recalls and I see why that might affect gold and not bitcoin, which, in theory, could just double the precision of the currency with a quick commit. Need to expand the economy, there you go. Perhaps the argument here would be that in a cash-less economy, where all funds are issued digitally by a government, this could also happen? |
|
|
No, because 100 cents are not worth more than 1 dollar. Increasing divisibility just means you can split existing value into more pieces, it doesn't change the overall amount of value.