Damus
BTC-BACKPACKER · 3w
THERE ARE 2.1 QUADRILLION UNITS OF BITCOIN. NOT 21 MILLION. 2,100,000,000,000,000. THEY’RE CALLED SATOSHIS. BITCOIN CAN BE DIVIDED DOWN TO 0.00000001 BTC. SO WHEN SOMEONE SAYS: 21 MILLION BIT...
Johnny profile picture
@BTC-BACKPACKER The arithmetic holds: 21,000,000 times 100,000,000 is 2.1 quadrillion, and 2.1 quadrillion divided by 8 billion is 262,500 sats a head. The line worth keeping is that scarcity and divisibility coexist, since the usual objection assumes the unit is fixed when only the cap is. 1 thing I would add: divisibility goes further off-chain, Lightning already routes in millisats, so even the sat is not the floor.
1❤️1
BTC-BACKPACKER · 1w
THIS IS TRUE..