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if GDP grows such that the smallest subdivision of one bitcoin (called 1 satoshi) becomes too expensive, extra decimals are added. So instead of making new coin
by mrosseel 13y ago
if GDP grows such that the smallest subdivision of one bitcoin (called 1 satoshi) becomes too expensive, extra decimals are added. So instead of making new coins, the existing coins will be subdivided in smaller pieces.
- dgregd 13y agoI known that it is possible to lower prices denominated in Bitcoins. However this is the deflation problem I am taking about.