Peck by steffenkd

NepicoBSVvia treechat·6mo

❤️ 15 Likes · ⚡ 0 Tips

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  "map_content": "BSV will reach $5M by 2050. Wealth that transcends generations.",
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⬇️

steffenkdvia treechat·5mo

❤️ 7 Likes · ⚡ 0 Tips

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  "map_content": "Divisibility would be inflationary and would  result in a price decrease.\r\nIt would work for 1MB-BTC, since they only use it as an asset and as a ledger to log who got how much shares of the overall amount.\r\nIf you have 1 BTC you have 1/21000000 of the cake.\r\nIf you now add a decimal, you still have 1/21000000 and nothing changes.\r\nBut Bitcoinsv is not just a ledger which is being used to account for who got how many shares.\r\nIt is a commodity, has utility and can be used for much more than just representing how much shares everybody has.\r\nIf you would add a decimal on BitcoinSV it would be equivalent to x10 the amount of shipping containers for example.\r\nShipping containers have utility and if you x10 the supply, the price will drop.\r\nSimilar scenario is true for BSV.\r\nAdding a decimal only works for 1MB-BTC but not for BSV.\r\nI mean it would work, but the results would be different, since BSV isn't just an assett you hodl like a share.",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!

Replies (5)

TimJSwanvia treechat·5mo

Replying to #e0d6569c

❤️ 0 Likes · ⚡ 0 Tips

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  "map_content": "No, it wouldn't. It's like being able to split a nickel into pennies. Inflation per bitcoin would happen if the supply increased more than 21 million. Satoshis would be the same value, but you could just break things into smaller units. Imagine if you didn't have sats. You would have to pay even fees in a full bitcoin. The supply would still be the same ratio to GDP but the system would work less efficiently and you couldn't buy or sell things with precise prices.",
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  "display_name": "TimJSwan",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!

steffenkdvia treechat·5mo

Replying to #e0d6569c

❤️ 1 Likes · ⚡ 0 Tips

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  "map_content": "Yes it would!\r\nImagine you are an artist and you want to tokenize your concer tickets on top of utxos. \r\nYou buy 1000 satoshis/utxos to sell 1000 tickets (for simplification lets skip the transaction fees).\r\nNow a decimal gets added, and the amount of satoshis is getting x10.\r\nInstead of 1000 satoshis you now have 10000 satoshis. Now you can tokenize your 1000 tickets and afterwards you still have 9000 satoshis for some extra concerts in the future. Which automatically means that the demand for satoshis from this market participant is declining.\r\nWhich normally results in a price decrease.\r\nThere are no bitcoins. There are only sats/utxos. A bitcoin is just an arbitrary measurement of 100000000 satoshis.\r\nAnd if you increase the amount of satoshis, which are a commodity, you will normally end up with a decrease in price if all the other variables and factors stay the same.",
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  "display_name": "steffenkd",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!

metamityavia treechat·5mo

Replying to #e0d6569c

❤️ 4 Likes · ⚡ 0 Tips

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  "map_content": "however i think the inflation vs deflation story is more complicated, because increasing the precision of the ledger can create value",
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  "display_name": "metamitya",
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  "timestamp": "2025-10-24T13:48:01.000Z",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!

metamityavia treechat·5mo

Replying to #e0d6569c

❤️ 2 Likes · ⚡ 0 Tips

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  "map_content": "this is actually a very important point... bitcoin the denomination is a social convention... satoshis is the ledger commodity",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!

steffenkdvia treechat·5mo

Replying to #e0d6569c

❤️ 5 Likes · ⚡ 0 Tips

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  "map_content": "Yes!\r\nLooking back I think it was a mistake to call 100000000 units a bitcoin.\r\nThe smallest unit should have been called a bitcoin.\r\nThen kilobitcoin, megabitcoin,...would be much cleaner.\r\n\r\nTrue, the address space would be larger and could be more precise.\r\nNot sure how it would play out.\r\nI think the address space should be large enough for the near future.\r\nBut who knows^^.",
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  "display_name": "steffenkd",
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Signed by14aqJ2hMtENYJVCJaekcrqi12fiZJzoWGKAIP!