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by waffenklang
4816 days ago
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Referencing this post and your first:
The fact that bitcoins can be divided until 10^-8 is mainly the feature where the idea was relying. Your state of the power plant compare was right, but as bitcoins get divided the number of transaction will rise causing the blocks to get higher. sure they will settle at a current level, but this will provide the stability in its value. the problem of the value is already present at the moment. Taking that simple example of the 10000BTC pizza, the Pizza service, if they still hold that amount, are now millionaires. but thats the point with every currency. but they use reforms to handle the problem, which requires an authority to control it, which will not be possible with btc. |
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