williamsantiago on Nostr: What your views are when it comes to supply shortages of Bitcoin? Is this phenomenon ...
What your views are when it comes to supply shortages of Bitcoin?
Is this phenomenon possible?
Under what conditions?
- Bitcoin is divisible by 8 decimal points. Let's wrap our heads around this enormous number.
- Right now one USD$ is worth +-1,000 sats
- If the value of $1.00 goes down to 1 sat then lots of things can be valued and value transfer between sovereign individuals is super possible.
If 1 sat is equal to $1 or whatever fiat currency becomes the reserve currency of the world. Bitcoin miners will be able to sustain and have sound business plan around fees when the Bitcoin block subsidy ends.
Gold is only a good store of value over time but poor at being salable over space, Bitcoin is both store of value over time and salable over space.
Is this phenomenon possible?
Under what conditions?
- Bitcoin is divisible by 8 decimal points. Let's wrap our heads around this enormous number.
- Right now one USD$ is worth +-1,000 sats
- If the value of $1.00 goes down to 1 sat then lots of things can be valued and value transfer between sovereign individuals is super possible.
If 1 sat is equal to $1 or whatever fiat currency becomes the reserve currency of the world. Bitcoin miners will be able to sustain and have sound business plan around fees when the Bitcoin block subsidy ends.
Gold is only a good store of value over time but poor at being salable over space, Bitcoin is both store of value over time and salable over space.