MultiversX Tracker is Live!

Will Bitcoin lead to deflation?

Bitcoin Reddit

More / Bitcoin Reddit 133 Views

0.00000001 bitcoin = 1 Satoshi (currently the smallest denomination). Since the supply is fixed, people lose it everyday and the population keeps growing, bitcoin will become harder and harder to attain.

Let's say a coke costs 1 satoshi in the future. How much would a piece of candy cost?

Does this mean bitcoin could never be a viable form of currency?

You could change the code, and add a decimal place (fork). But then, would a coke eventually cost .1 satoshi?

Would this lead to deflation? Is it possible deflation is a good thing?

submitted by /u/DoU92
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments