3 ms·
At first, I thought this 21M cap causes exponential increase in BTC price, until I saw your comment about BTC being infinitely divisible. A bit search on the in
by bhnmmhmd 9y ago
At first, I thought this 21M cap causes exponential increase in BTC price, until I saw your comment about BTC being infinitely divisible. A bit search on the internet though proves this hypothesis wrong:
https://bitcoin.stackexchange.com/a/19670 https://bitcoin.stackexchange.com/a/19670
Turns out, BTC is only divisible down to 8 decimal places.
- databro 9y agoThanks for pointing that out, but on that same thread the next answer says: > If there is a need for them, additional decimal places can be added with concensus of the network. This is why some refer to "infinite" divisibility, because we can select the level that we need as time goes on. Because this 8 decimal place limit can be extended later, my hypothesis that Bitcoin's money supply is effectively infinite cannot be rejected.