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Author Topic: OFFTOPIC: Ethereum monetary policy of infinite divisibility  (Read 167 times)
oxy
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February 25, 2016, 11:01:05 AM
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Hi guys,

sorry for the offtopic ... might intertest you   Grin

I am trying to understand ethereums monetary policy. This article

       https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum

says 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?   Huh

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?
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