Re:Moving money internationally
by imtringued on Thursday March 03, 2022 @03:50AM
(#30538716)
I don't get divisibility argumebt. Why woukd anyonce care if their Bitcoin can be divided if they owe 0.0001 Bitcoin and Bitcoin suddenly doubled in value which doubled the amount of money they owe without giving consent to owe more money. It is kinda like someone used a technological defect to justify a non negotiated contract change. The person who promised a certain amount of debt obviously promised the earnings of a fragment of their talents. The volatility of the currency does not affect their talents.
[ Parent
| on HN ]
How does 0.0001 BTC "suddenly double in value" to be 0.0002 BTC?
What you're actually saying it suddenly doubles in value when converted to another currency.
Just the same as if I owe someone $10, in the same currency, then it doesn't matter if the ratio of the dollar to the ruble doubles or triples at the same time. It's still $10 to both of the parties.