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by bongobingo 1877 days ago
> 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.

1 comments

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.