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0 sats \ 0 replies \ @justin_shocknet 19 Dec \ parent \ on: The subliminal message of the BlackRock video conspiracy
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.