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A comment on It's time for us in the tech world to speak out about cryptocurrency. Parent comment

Re:It's time for us in the tech world to speak out about cry... by Graffur on Sunday May 30, 2021 @05:34PM (#27337059)
1 = x

1/100,000,000 = x/100,000,000

"stacking sats" is a common phrase so it's not really a secret that a bitcoin can be subdivided. In fact, a lot of bitcoin supports would support people learning this fact.

[ Parent | on HN ]
Re:It's time for us in the tech world to speak out about cry... by texaswhizzle on Sunday May 30, 2021 @06:19PM (#27337444)
There is nothing special or important about a single entire Bitcoin. It’s completely arbitrary. The question is whether Bitcoin is scarce. If there are millions of trillions of tradeable assets, it’s not scarce.
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Re:It's time for us in the tech world to speak out about cry... by baby on Sunday May 30, 2021 @10:27PM (#27339367)
If most of it is locked in someone else’s account and they won’t sell it to you: it is scarce. If nobody wants to buy it: it’s not scarce. Scarcity is based on supply and demand, not on a single number.
[ Parent | on HN ]