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> Bitcoin may be finite in number, but it's ultimately infinitely divisible, so it does not matter how many bitcoins are "wasted". Correct. > Regardless, any
by javert 14y ago
> Bitcoin may be finite in number, but it's ultimately infinitely divisible, so it does not matter how many bitcoins are "wasted".
Correct.
> Regardless, any property worth tracking in such a scheme is likely worth enough to justify a $0.01 investment in bitcoin.
A doubling of the current price would make transactions of less than 1 US penny impossible. So, if the price goes up 10x, it would be 5 pennies. 100x, 50 cents. 1000x, 5 dollars. So, yeah, it does seem like a non-issue.
However, this policy clearly rules out microtransactions.