[swagonomixxx]

The deflationary nature of Bitcoin is a commonly used property to assert that Bitcoin is designed to increase in value over time due to artificially programmed scarcity.

However, I don't think GP's parallel lines up, as another commenter pointed out.

In any case, a single satoshi, which is the smallest denomination of Bitcoin (10^-8 of a Bitcoin), is worth about 0.05 cents as of writing this comment. If Bitcoin didn't have such large transaction costs, slow transactions, and price stability, it's scarcity would be way less of an issue due to this really large level of division of a single coin.

[tshaddox]

That doesn't sound right. $50,000 * 10^-8 is $0.0005, or 0.05 cents.

[swagonomixxx]

Oops, my mistake.