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The supply of Bitcoin is “limited” but in reality it’s irrelevant. 1 satoshi is 0.00000001 which means for every 1 Bitcoin in circulation there is actually 100
by cwhiz 6y ago
The supply of Bitcoin is “limited” but in reality it’s irrelevant. 1 satoshi is 0.00000001 which means for every 1 Bitcoin in circulation there is actually 100,000,000 satoshi. You can’t buy a hundred millionth of GME.
- xur17 6y agoThe supply of Bitcoin being limited absolutely is relevant, and you can buy partial shares of stock (not sure if you can go down to a hundred millionth, but not sure that's relevant). The point is that Gamestop can issue new shares, diluting the existing supply, making it a terrible "store of value". Bitcoin on the other hand has a fixed supply that cannot be increased.
- cwhiz 6y agoSupply constraints don’t matter when there is virtually infinite availability. There are nearly 19,000,000 coins in circulation and each coin represents 100,000,000 swappable assets. We will reach the heat death of the universe before Bitcoin supply matters.
- xur17 6y agoThis is only true if 1 unit is treated the same as 100k units, and it is not.