Hi guys,
sorry for the offtopic ... might intertest you
I am trying to understand ethereums monetary policy. This article
https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereumsays that an ETH is infinitly divisable, thus it poses no problem to the proportionally decaying supply with time.
Yet my question is, if you can divide it infinitely, the principle of scarcity is just lost. And it is the biggest achievment of cryptocurrencies.
If you can multiply infinitely your bread and fish, you will never need to by any more!!!
Can anyone tell my if i am right?
Thx ...
PS: double post, original at
https://cryptocointalk.com/topic/45018-ethereum-monetary-policy-of-infinite-divisibility/(no activity there ... )
PPS: Imagine ...
I can imagine, one issues a Bolzmann (1 BZM = 10
-23 ETH) and creates a hole business model on only one ETH.
If you are not yet sure, then we define an inverse googol of an ETH: 1 iGE = 10
-100 ETH.
Then u r very sure, you can do everything with 1 ETH.
Thus mining ETH or bying it makes no sense anymore. Right?
