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Bargain that adding more base units (divisibility) is not the same as a supply increase, and is less risky than the off-chain rube goldberg systems put forward by your sockpuppet startups
Could you elaborate on this point? I'm not sure how switching to millisats would resemble a supply increase. Or maybe I am misunderstanding your post. Lost in translation and all.
There's 2 ways to look at supply:
- The total number of whole coins being 21M
- The number of base units that is how Bitcoin actually functions, 21M * 100M
I think it's fair to say that no self-interested Bitcoiner would actually change #1 because it would be dilutive to their holdings... The second is a bit more insidious because people generally can't extrapolate or think strategically more than 5 minutes out.
Increasing base units would necessitate change on effectively every piece of Bitcoin software, one "harmless" hard fork to prove such a HF is possible then opens the door to others.
The increased divisibility might actually have the potential to address (idiotic) concerns around self-custodial attainability for mud farmers, but with unpredictable trade-offs around mining/mempool incentives, transaction fees, block subsidy, and switching costs.
Nonsense. Watch this and learn the truth.
Don't have any original thoughts there AI bot?
Ripped through the vid at 2x to see if there was anything of substance, as predicted, 0
Just more weak virtue signaling by someone that at some point started shitcoining so hard they forgot what Bitcoin is
Controlling a lot of coin doesn't give them a leg up in changing anything, quite the opposite as change would be a risk to their existing business... maybe this is a warning from them that the price of Bitcoin is eternal vigilance?
It's evident that there's already a coordinated attack to increase supply: