Row 46899

Row ID: 46899 | Dataset Entry | Axioma AXP Content Repository

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Subdivision of existing sats is different than creating new sats. If I have $1 and the government doubles the amount of money in circulation by printing 2x, prices will rise and my $1 will buy half as much as it did because “we” all have 2x as much money in the system, diluting my current share of the money. Whereas if satoshis were subdivided (for example, like dollars and cents) and 1 satoshi had 100 smaller units, everyone who already has satoshis will intrinsically see this benefit, because all sats become more usable.

If I have 1 bitcoin, my share of the entire network is 1/21m. If we subdivide sats then my share of the network remains 1/21m, I just have more tiny units to work with. But if we hard fork and issue out 2x as much total bitcoin (extreme inflation) I would then only have 1/42m share of the network.

FieldValue
text Subdivision of existing sats is different than creating new sats. If I have $1 and the government doubles the amount of money in circulation by printing 2x, prices will rise and my $1 will buy half as much as it did because “we” all have 2x as much money in the system, diluting my current share of the money. Whereas if satoshis were subdivided (for example, like dollars and cents) and 1 satoshi had 100 smaller units, everyone who already has satoshis will intrinsically see this benefit, because …
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-22
username_encoded Z0FBQUFBQm5Lak1RSGJkY0N3TzNTSWtaVUNmTzc2c2RrQmZOTFJRRXVJbFB6TF90ZGs3cWNLWGNlZEQ5bEpyNS1FZzduRnFVdnVIa1gwSElCcWJRMWM3Z3FjcEs3MHFDTmc9PQ==
url_encoded Z0FBQUFBQm5Lak9nREwxZU1QLTdnLXJ6c0lDMmFvMENYRkRPTk1YTGk3S0FJTWpmRW15Q0ZQTkc4OGRnbktCS1dMZzFBNVpQSmNoT0hOQTNRcXhwWnlldnJhdVgxcUZ3UkprdzVSYmZacElkeFRsNDJERzFxcFRwcGFKam5FeG1vYXZvSUZHSW9XQzJmRFo2S1V3TGM1aElQaW50Z1l2RmpQY3lvOEE0Z2V1M0k2LXZMb1dzY0lxM0liaGN2cHBGaEJ0d2hYSVppeno3RHRBV2k1eGU0bUdBUHEtMlhqVHlfdz09

Raw Record

{
  "text": "Subdivision of existing sats is different than creating new sats. If I have $1 and the government doubles the amount of money in circulation by printing 2x, prices will rise and my $1 will buy half as much as it did because “we” all have 2x as much money in the system, diluting my current share of the money. Whereas if satoshis were subdivided (for example, like dollars and cents) and 1 satoshi had 100 smaller units, everyone who already has satoshis will intrinsically see this benefit, because all sats become more usable. \n\nIf I have 1 bitcoin, my share of the entire network is 1/21m. If we subdivide sats then my share of the network remains 1/21m, I just have more tiny units to work with. But if we hard fork and issue out 2x as much total bitcoin (extreme inflation) I would then only have 1/42m share of the network.",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-22",
  "username_encoded": "Z0FBQUFBQm5Lak1RSGJkY0N3TzNTSWtaVUNmTzc2c2RrQmZOTFJRRXVJbFB6TF90ZGs3cWNLWGNlZEQ5bEpyNS1FZzduRnFVdnVIa1gwSElCcWJRMWM3Z3FjcEs3MHFDTmc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9nREwxZU1QLTdnLXJ6c0lDMmFvMENYRkRPTk1YTGk3S0FJTWpmRW15Q0ZQTkc4OGRnbktCS1dMZzFBNVpQSmNoT0hOQTNRcXhwWnlldnJhdVgxcUZ3UkprdzVSYmZacElkeFRsNDJERzFxcFRwcGFKam5FeG1vYXZvSUZHSW9XQzJmRFo2S1V3TGM1aElQaW50Z1l2RmpQY3lvOEE0Z2V1M0k2LXZMb1dzY0lxM0liaGN2cHBGaEJ0d2hYSVppeno3RHRBV2k1eGU0bUdBUHEtMlhqVHlfdz09"
}
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