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I do, in fact, know a Bitcoin is divisible. That however, is irrelevant to its lack of utility as a unit of exchange. In particular, if Bitcoin is "going to th
by hendzen 9y ago
I do, in fact, know a Bitcoin is divisible.
That however, is irrelevant to its lack of utility as a unit of exchange. In particular, if Bitcoin is "going to the moon" - i.e. expected to always increase in purchasing power superlinearly, why is it ever rational to spend a Bitcoin (or a Satoshi)? This is the problem with hyperdeflation.
- omarchowdhury 9y agoI'm in agreement with you there, there is no rationale to spend BTC in commerce with its current properties.