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Author Topic: Is BItcoins supply infinite??  (Read 545 times)
pooya87
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May 27, 2019, 04:11:56 AM
 #41

Imagine one day ... 0,00000001 btc (1 satoshi) would not be the minimum standard and other decimals will be added Smiley likewise 0,000000000001 btc (1 millisatoshi)
Of course, you can split infinite of times a number, but the total supply will be even the same.

Actually, with the implementation of Lightning Network, sub satoshi payments (fractions of satoshi, that is) are already theoretically possible, since micropayments are suited for that. The bitcoin wiki already describes a 10th of a satoshi for payment purposes.

So yeah, while LN is practically still in beta stages, that already is a reality just not yet in practice.

So no. Bitcoin is not infinite in supply. But theoretically, it is divisible to limitless fractions. Least that's how it seems in my mind.

splitting something into smaller portions doesn't change its supply. imagine you have a bar of gold and you break it in half, you didn't increase the supply of gold you just broke it into smaller components. so when speaking of supply you really can't talk about divisibility.
also on-chain is the important part which will have 1 satoshi as its smallest unit.

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May 27, 2019, 04:49:02 AM
 #42

You can split it infinitely through forks, but the total amount will never be infinite. Smiley
Even gold is finite. Just because there is a lot of gold undiscovered, it doesn't mean they are infinite for now. The same we can say about unmined bitcoins.

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May 27, 2019, 04:57:26 AM
 #43

Technically Bitcoin is finite and limited because Satoshi set it to only have 21 million coins to mine but if the time comes that the last Bitcoin will be mine I think the value of it will become so big then maybe the fraction of it would increase also, 0.00000001 or 8 decimal places is the least use payment that I encountered since I started using Bitcoin.



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May 27, 2019, 07:18:14 AM
 #44

now we experience Rush money.  meaning is inflation.  scarcity and the bank's world will be destroyed in the near future. 
so if BTC will end in 2150. I think BTC will disappear before the year 2150. And the transaction used is gold.  so in my opinion fiat is the first currency that will disappear.  then BTC and then gold will survive.

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May 27, 2019, 07:37:15 AM
 #45

Bitcoin supply is finite and has to make the proper balance in the market with its mined value. Bitcoin is traded every day either with crypto or with fiat so it depends upon the circulation at the existing supply.
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May 27, 2019, 02:04:18 PM
 #46

splitting something into smaller portions doesn't change its supply. imagine you have a bar of gold and you break it in half, you didn't increase the supply of gold you just broke it into smaller components. so when speaking of supply you really can't talk about divisibility.
also on-chain is the important part which will have 1 satoshi as its smallest unit.

Then we're in agreement. Supply is limited for all practical purposes. What will be really interesting for me actually is what happens to this smallest denomination of 1 satoshi if (or should I say, when) Bitcoin were to be one day valued at 1 million USD? It's not too far away, according to a few people, and if Bitcoin maximalism has its way, then it could even happen in my lifetime. That's 1 satoshi at parity with a US cent.

Probably not enough to get people worked out, but with some countries still able to provide for value for that 1 penny, does this mean sub-satoshi payments off-chain will, sooner or later, be just a way of life?

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