Damus
Bitcoin Well profile picture
Bitcoin Well
@bitcoinwell


Canada eliminated the penny in 2013



It disappeared not because we stopped needing money, but because fiat money stopped holding value at that scale.



The cost to produce a penny was more than its purchasing power



This is what inflation does, it makes your smallest units irrelevant… and then comes for the rest. It’s not just about rising prices it’s about the slow dismantling of the measuring unit.



Australia also phased out the 2 cent coin in 1992. Nickels are next, then dimes and eventually dollars.



While fiat currencies eliminate small units due to inflation, Bitcoin needs smaller units



1 bitcoin = 100,000,000 sats

1 sat = 1,000 msats



There can never be more than 21,000,000 bitcoin



You don’t inflate the supply, you subdivide it!



Don't wait for your money to collapse to understand what went wrong.



Learn from the past.



Opt out, choose bitcoin
77❤️5
Mot₿C Podcast · 22w
2013? I can't believe its been 12 years. Wild.
Filthy Fiat Wallet · 22w
I'm out https://blossom.primal.net/76c0d12b8ad64b33e45735a5aacd5a4d85c2a1b75a38aa4c1b0264355df388e5.jpg
Jerome Powell 21iQ 40TPW · 22w
Meanwhile in the USA https://blossom.primal.net/9f5d400bd0e01651c1351d258e3de5ac68c7d25ff56810367208e9fc33124540.jpg
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Hi guys please check out my Geyser 🙏🏻 it’s for my son 🙏🏻 nostr:nevent1qqsrcy4k0z3n9tzcjt4je3se5u0jvrsnxp6d2x9h6pcedekejk7qgyspupmhxue69uhhyetvv9ujuerpd46hxtnfduhj2v3swaehxw309aex2mrp0yhxumm5daeks6fwwa5kute9xgc8wumn8ghj7mn0wvhxcmmv9ujnyvrhwden5te0wfjkccte9eekjctdwd68ytnrdakj7ffjxpmhxu...
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Sad