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Bitcoins are inherently unlimited - they can be divided down to 8 decimal places for a total of 2.1 quadrillion units.
by omarchowdhury 15y ago
Bitcoins are inherently unlimited - they can be divided down to 8 decimal places for a total of 2.1 quadrillion units.
- weavejester 15y agoDo you mean "effectively unlimited"? They're not inherently unlimited in the current implementation; quite the opposite in fact!
- qdog 15y agoI don't think they are "effectively unlimited" either, perhaps closer to "effectively dividable forever", which might not be true, not sure. However, once they are in full circulation they will be a deflationary currency, and giving someone a sliver of a bitcoin that's worth as much as what a full bitcoin was worth at X time in the past is not the same as adding more bitcoins. I remember one of my economics professors always pre-pending "All other things being equal" before, relating any theories. I keep that in mind every time I start thinking about anything to do with economics, the pile of assumptions on how things are going to work is usually problematic.
- georgemcbay 15y agoThat's still not unlimited (tempted to quote Princess Bride here, but you're not the OP, so it wouldn't quite fit).
- dasil003 15y agoUnlimited for the purpose of moving currency. Right now just trying to move a million dollars by Bitcoin will move the market significantly and likely one party will get screwed.