Yeah because adoption of technology increases its value. Not to mention The value is currently measured in dollars...but eventually it wont be seen that way
Its clear you dont understand inflation/deflation and the decimal point explanation so you go ahead and think yiu can make more bitcoin available by fractionalization...like what happens with silver gold etc.
Even a deflationary scenario does not explain. Why any thinks the population will run to bitcoin.
Who owns all those bitcoin? What percent of the world's population? Why would 99% of the world's population run to something wholly owned by 1%?
They want to be indebted slaves? That the theory? Lets move to a currency we own none of, believe understand and are afraid we may lose it if our phone dies?
Yes they can. 100 btc used to buy a pizza. Now it's a fraction of that. The inflation is on the other side of the decimal.
Yeah because adoption of technology increases its value. Not to mention The value is currently measured in dollars...but eventually it wont be seen that way
That’s deflation.
Same logic applies. Instead of printing more you are just adding a 0 behind the decimal. Either way you are producing more currency.
Correct?
Add that to the fact that btc is already almost wholly owned by 1% of the population and heat does that mean? Think about it.
What are you talking about? Deflation is when there is less currency not “producing more currency”
There mathematically can not be more than 21,000,000 BTC and there are less every year as it erodes due to dusting and other phenomena.
Bitcoin is deflationary. Not inflationary. There is less currency every year.
Its clear you dont understand inflation/deflation and the decimal point explanation so you go ahead and think yiu can make more bitcoin available by fractionalization...like what happens with silver gold etc.
Even a deflationary scenario does not explain. Why any thinks the population will run to bitcoin.
Who owns all those bitcoin? What percent of the world's population? Why would 99% of the world's population run to something wholly owned by 1%?
They want to be indebted slaves? That the theory? Lets move to a currency we own none of, believe understand and are afraid we may lose it if our phone dies?
🤔