Yarn

Recent twts in reply to #63usx6q

Also I should point out that whilst there are in theory only ever 21M Bitcoins that could ever exist in the BTC currency, the so-called “appreciation” is actually diluting the currency. The value of 1 BTC goes up against fiat currency because of the limited supply. I’m not sure what will happen if/when a) BTC crashes entirely or 2) BTC reaches that 21M limit 🤔

⤋ Read More

@brasshopper@twtxt.net Dilution here is inherently controlled by the upper bound of BTC. As there are only 21M in the system, BTC has to be diluted over those that hold it, which is why you end up having micro amounts and micro transactions. At some point if BTC became bigger than it is today and more widespread, you’d end up with diluted amounts of BTS in the 10^-9 or more 😅

⤋ Read More

Participate

Login to join in on this yarn.