What did Bitcoin Core contributors ever do for us?

Re:What did Bitcoin Core contributors ever do for us? by omarchowdhury on Sunday July 23, 2017 @07:28PM (#14834926)

But you do know that a Bitcoin is divisible? A satoshi is one hundred millionth of a single Bitcoin. Why would there need to be an increase in supply to make Bitcoin a unit of exchange if its that divisible? Other than for psychological reasons?

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Re:What did Bitcoin Core contributors ever do for us? by hendzen on Sunday July 23, 2017 @07:37PM (#14834954)

I do, in fact, know a Bitcoin is divisible.

That however, is irrelevant to its lack of utility as a unit of exchange. In particular, if Bitcoin is "going to the moon" - i.e. expected to always increase in purchasing power superlinearly, why is it ever rational to spend a Bitcoin (or a Satoshi)? This is the problem with hyperdeflation.

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Re:What did Bitcoin Core contributors ever do for us? by omarchowdhury on Sunday July 23, 2017 @07:39PM (#14834959)

I'm in agreement with you there, there is no rationale to spend BTC in commerce with its current properties.

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