A 2018 Guide to Cryptocurrency: An Infinitely Divisible ...
A 2018 Guide to Cryptocurrency: An Infinitely Divisible ...
"Infinitely divisible" means it cannot be scarce.. : Bitcoin
You Don't Have to Buy a Whole Bitcoin: Guide to Bitcoin ...
Ideal Properties of Digital Commodities - Bitcoin Wiki
If Bitcoin is infinitely divisible, then what is the point ...
Is bitcoin infinitely divisible? What I mean is I see that you can use say 0.000034 pieces of a bitcoin. Is there any point where it’s too small? On top of that how does using pieces of a bitcoin help prevent inflation if 1 bc could potentially have the same value as 1mil bitcoin? Thank you for legitimate answers.
If Bitcoin is infinitely divisible, how is it still deflationary?
I think I understand how inflation can come from fiat central banks printing money to increase the supply. But if we can divide Bitcoin into arbitrarily (effectively infinitely?) small amounts, isn't that the same as an infinite supply? I am missing something when they say Bitcoin is deflationary.
Hello, Does anyone have experience using the concept of coin coloring to distribute IPO's for a new corporation? Can anyone speak to the effectiveness of this concept, any pros and cons? Perhaps any technical challenges while attempting to utilize this method? On a tangent; does this coloring method make your bitcoins infinitely divisible? Thank you kindly in advance for any insight or input. Zerp (for reference sake, www.coinprism.org is one example of this service provider)
Despite banks using bitcoin as a unit of accounting, and prototypes like colored coins being successful, butters use children's videos to reassure themselves that an infinitely divisible coin can still be valuable and scarce.
If inflation and deflation are pointing to money supply, and bitcoin is infinitely divisible, doesn't that mean neither will happen?
What people are really talking/worried about are deflationary/inflationary forces right? ie. what happens to your purchasing power when either thing happens. so in the future i think it's feasible that when anything is sold, that price is uploaded in real time so people can immediately see how much is fair exchange value. so it wouldn't even matter if people hoarded their coins right? plz correct me if i'm compeltley off
"Bitcoins are infinitely divisible" - why does this make sense when compared against transaction fees?
I see arguments on here saying that even if BTC prices get too high, the denominations are infinitely divisible and thus are not a worry. Although that may be true in theory, as a practical matter I don't think that makes sense. Transaction fees are currently .0005btc, and @ $125USD that makes it equivalent to about 6 cents. At $1000, a .0005btc fee is about 50 cents. If the fee increased to .001btc like some people are advocating for, it gets raised to $1. At some point, the price may get so high that it will make little, everyday transactions unfeasible. The pack of gum at the grocery store, the candy bar from the vending machine, the Costco hot dog... at some point the transaction fees will be greater than the price of the item. This is important if, as some are advocating for, bitcoin is to take over as a new form of currency. A currency should be able to handle all of the little transactions on top of the big ones. So why does the "infinitely divisible" rationale make sense? I am admittedly a bitcoin noob, but Google didn't seem to turn up any results for my inquiry.
I've read that bitcoin is infinitely divisible. How is this not inflationary? I keep reading the supply is only 21 million bitcoin (minus what's lost), what prevents just putting more zeros on the right side of the decimal?
Infinitely-Divided We Stand. Published on October 26th, 2013 by george. Setting Standards Today is an Investment in Bitcoin's Future By George Ettinger Bitcoin has been accused more than once of being ultra-exclusive. With our market cap of 21,000,000 bitcoins a century away, our current twelve million in print puts us already halfway there. 21 million already isn't a lot to share among seven ... Gold is almost infinity divisible. You can divide it up to the atomic scale. There is 5.2x10^32 atoms of gold in the world... In fact there are more atoms of gold in the world than satoshis (the smallest unit of the bitcoin). Because a satoshi is ... Something that is not easily divisible, such as a piece of gold, makes for a poor currency. Cryptocurrencies like bitcoin are no different. In most use cases, fiat currencies can be split down to two decimal points, such as $0.01. Anything below that is usually rounded up or down. The reason for this is because fiat currencies need to be able to exist in physical form. For instance, if you ... Bitcoins are not infinitely divisible. They can only be "divided" to 8 decimal places. A bitcoin is a made up denomination of 100 million base units. The only way to "divide further" would be to break free of the 2.1 quadrillion satoshi limit and literally redefine the monetary units associated with of the word "bitcoin". How is bitcoin infinitely divisible? [duplicate] Ask Question Asked 6 years, 9 months ago. Active 6 years, 8 months ago. Viewed 14k times 5. 3. This question already has answers here: Why can we have small fractions of a Bitcoin? (2 answers) Closed 6 years ago. I've read that bitcoins are infinitely divisible: Bitcoins can be divided up and trade into as small of pieces as one wants. How is ...
BitCoin Debunked in 2 Minutes A Scam That Will Collapse
bitcoin hack http://tinyurl.com/lmkuhcs bitcoin hack Bitcoin is money based on mathematics. Bitcoin’s mathematical design is open and transparent. Anyone in ... Bitcoine has been Blocked by The Chinese Government. BitCoin Is Not a limited resource. It is infinitely divisible and therefore infinitely expandable. The OSC administers and enforces securities law in the province of Ontario. The OSC's website at www.osc.gov.on.ca and its YouTube site are intended to provi... With central bankers in full control, there is no way to protect your principal from negative yields and because computer digits are infinitely divisible, there could be a new inflation/deflation ... Thus, bitcoin can be viewed as infinitely divisible. "On the level of assets, we no longer have a simple “one chain, one asset” maxim; individual chains may support arbitrarily many assets ...