[bongobingo]

That’s an arbitrary, and pointless, distinction. 100,000,000 different people can own a single satoshi. What does it matter that each individual does not own the entire thing? The question is whether Bitcoin has enough supply, and there actually is no question because the supply is effectively infinite.

The scarcity argument is just factually wrong. Bitcoin is not scarce.

[kozd]

You are incorrect. The supply of bitcoin is limited. Whether you express that limited supply as units of bitcoin or units of satoshi does not change that the supply will never exceed that amount.

Doing a unit conversion doesn't change anything. The limited supply argument is not implying that you won't be able to own fractional bitcoins, it's arguing that the amount of bitcoin you do own with always be a fixed proportion of the total possible supply (in reality it's proportion will grow as people lose access to their keys) so it won't get devalued by the total possible supply increasing. Remember, value is relative to the supply. Looking at your bitcoin in terms of satoshis doesn't change it's value.

[bongobingo]

> You are incorrect.

No, I’m not.

The supply of Bitcoin is 21 quadrillion satoshi. You are making an arbitrary distinction that an entire Bitcoin is some meaningful thing. I’m not doing a conversation. A Bitcoin is 100,000,000 satoshi. That is just a literal fact.

People want the supply of Bitcoin to be limited because their economic models depend on that false reality. If there is 21 quadrillion of something, it is not scarce. Wanting something to be scarce doesn’t make it scarce.

[kozd]

I don't care what unit you want to use. I place no special importance on a whole bitcoin vs a fraction of one. When people say bitcoin is scarce because there will only every be 21 million they are not saying that you can't subdivide them further, nor are they saying that only 21 million people can ever own bitcoin. They are expressing that it's supply has a fixed maximum. Do you disagree that the supply of bitcoin is fixed at a maximum of 21 million (or however many equivalent satoshi or any other unit)? This is what we are talking about.