• macrocephalic@lemmy.world
    link
    fedilink
    arrow-up
    11
    ·
    10 months ago

    Doesn’t believe in fiat currencies because they’re not real, but is all in on Bitcoin.

    Old man going senile.

          • Inucune@lemmy.world
            link
            fedilink
            arrow-up
            3
            arrow-down
            1
            ·
            10 months ago

            I can just sell all my btc, start a new one(lemmicoin? Smuckbucks?), and start the grift over again.the first guy out the door as London bridge falls makes the most.

          • NotMyOldRedditName@lemmy.world
            link
            fedilink
            arrow-up
            1
            ·
            edit-2
            10 months ago

            For others…

            If there are a maximum of 3000 coins and 2999 have been minted, and then instead of minting the last one, you mint 0.00000001

            The total is still less than 3000. It’s 2999.00000001

            You didn’t dilute the 3000 total, there isn’t 3000.00000001

            This would require a hard fork to implement in Bitcoin, but it would follow the rules of never having more than 21 million coins.

            For this to even be worth considering, BTC would have to have immense value to make altering the final halving worthwhile.

              • NotMyOldRedditName@lemmy.world
                link
                fedilink
                arrow-up
                1
                ·
                edit-2
                10 months ago

                Some might not understand that, but I think OP was talking about the 21 million limit not being a limit as I described. You said its limited, he said its infinitely divisible. The only way its infinite is if its hard forked as I described, otherwise there’s a hard limit of no division smaller than 1 Satoshi.

      • stoly@lemmy.world
        link
        fedilink
        arrow-up
        2
        arrow-down
        5
        ·
        10 months ago

        You may have those reversed. BTC has a computational limit but countries can print as many bills as they like.

          • SCB@lemmy.world
            link
            fedilink
            arrow-up
            1
            arrow-down
            1
            ·
            edit-2
            10 months ago

            There’s no cap to how much USD can be made, so noatter how much you have saved, it can be diluted down to nothing with enough time

            This is a good thing, for many reasons.