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My points were purely economic. The OP was just asking a simple economic question, and I gave a simple answer. It doesn't need to be explained in the mechanisms
by skylan_q 15y ago
My points were purely economic. The OP was just asking a simple economic question, and I gave a simple answer. It doesn't need to be explained in the mechanisms employed by the design of bitcoin.
"Not a problem. This is solved because bitcoins are infinitely divisible"
I detect confusion here.
I'm not talking about lack of divisibility, but a lack of demand. Increased divisibility doesn't facilitate demand. It's just a nice feature of something that could be money or commodity.
Water is infinitely divisible but that doesn't get it demand. If people don't exercise demand for bitcoin, (as in, they don't want it) divisibility doesn't solve the problem.