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And the Bitcoin zealots specifically are guilty of simply playing games with terminology in order to hide their own admission that were a deflationary currency
by ChainOfFools 3y ago
And the Bitcoin zealots specifically are guilty of
simply playing games with terminology in order to hide their own admission that were a deflationary currency to become standard, with a fixed circulation, you can "print money" just as easily by issuing further and further subdivisions of the initial units of distribution.
Thus you hear among crypto zealots how if 21 million units is not enough they could simply start referring to the unit of currency by successive powers of 1/10.
Imagine what these people would say if the government answer to inflation was to start gradually pressuring citizens to accept ten-thousandths of pennies as legal tender, the way that coiners advocate switching the bitcoin reference unit to satoshis. Infuriating to hear people advocate this nonsense, as if they think no one is clever enough to realize that expecting later adopters of their scheme to use microscopic shards of the tokens they themselves hold entire, isn't a shameless admission that they're only in this to grossy enrich themselves at everyone else's expense.