/biz/ - Business & Finance

>>56170720
Are you retarded. There could have been 210 million coins and the scarcity would be the same.

>>56170783
No the price would be 10x less then

>>56170720
>>56170786
Holy fuck you're stupid. This is like saying something in measured in CM is longer than if you measured in inches because the number is higher. Its scarce because you can't create more, not because of whatever units you use.

>>56170794
If 21mil bitcoin is worth $30k per bitcoin then 210mil bitcoin would be worth $3k per bitcoin you fucking mongoloid

>>56170807
And you would have 10x more units = the same value or market cap... Wtf are you trying to say.

>>56170720
Bitcoin also has utility (property of money) and real censorship resistance, so here's your answer

>>56170786
are you stupid? supply doesnt matter anyway, because coins can be divided into fractions. yea price number would be lower, but marketcap the same.

But yeah, you are right, the scarcity argument alone is bullshit, because you can build a sculpture of poo and there will be only 1 in existence, but still it is poo and no one will value it. (like NFTs)

It's the combination of subjective value the people see in btc, plus the limited supply that makes it great

>>56170816
yes so the price would be worth less

>This is the average /biz/raeli telling you what you should do with your money
Let that sink in.

why is this ultra low quality bait being posted in, nobody responds to my ultra low quality bait

>>56170833
and? Where there is 21 million or 210 million makes no difference, your piece of the pie is the same and can't be diluted.

>>56170824
Except your poo sculpture isn't payment for the first and most secure decentralized, immutable, eternal, worldwide database, its also not fungible, portable, divisible, or have any of the other properties that give something utility as money.

>>56170893
Your logic makes no sense retard. If its the same, then how about this

You send me 10btc, and I give you 1btc

its the same value right?

dumb idiot

>>56170916
>You send me 10btc, and I give you 1btc
If you mean 10 out of 210 million then yes that is the same thing as 1 out of 21 million.

>>56170958
except there are only 21, not 210 you fucking retard why am I still responding to you

>>56170720
>This doesn't make sense, why wouldn't someone make a coin with less than 21million supply? Wouldn't it be worth more?

Absolute scarcity is only one property of Bitcoin that makes it valueable, idiot.

>>56170916
Your logic would work if btc were MINED faster coz theres 210 instead of 21.
If the amount mined and circulating was the same, the scarcity would be the same CURRNTLY. Which is where the current price people willing to pay is derived from, current market conditions of supply and demand. Since all 21million aren’t distributed we don’t know the bottleneck price difference.

I think idiots here dont even understand what I mean.

Forget it

and fuck you all

>>56170996
If I had 10 slices of pizza, and I cut each of them in half so that I now had 20 slices, does that mean I have more pizza?

>>56170996
There are any number you want. If you want to call 1/210mil of the supply "1" unit then there are 210 million. Satoshi just decided initially that 1/21mil would be "1." Its just standardization of units that are easier to say than having to say 1/21million.

value is purely subjective. Scarcity and many other properties makes people value it a certain way. Also consider the codependency between price and liquidity. If there's a "Cantillionaire" that constantly dumps on you, the price will go down.

>>56171057
kek

>>56170720
retard moment

>>56170720
what's going on in this pic

>>56171529
Yes

>>56170884
Because this is premium bait.

>>56170720
> but muh quadrillions of spatoshis

>>56171540
ahh gotcha

>>56170786
Fuck y'all, fuck BTC. Buy alts or fuck off

>>56170720
Imagine filling your basement with water haha, but then oh no, the water drops because it's a dumbass idea haha. Then, there you are swimming with the water going down hahaha Only it stops going down but not enough so you can stand but enough so you can't reach the top of the wall lol! WWYD?????

>>56171529
>>56171619
you guys ever heard of a sump pump?
this one's probably a bit over-engineered, but the guy must've had a huge problem with runoff so he supersized it.

>>56171529
indoor shrimp farm before shrimps

>>56171057
based retard

>>56171082
You have more slices.

>>56170720
>Spawns 21 millions coins out of nowhere
>BTC is scarce !!!

Yeah ok.

>>56170720
Is that a dui secret drowning dungeon?
wtf?

>>56170720
LTC has 4x the supply
and it's worth less than 1/4
think about that.

>>56171589
Literally

>>56170720
You also forgot to add that it has first mover advantage.
Also there are literally thousands of dead coins with less than 21 million supply, but feel free to try and make the one that overthrows BTC.

>>56172359
im not the same guy, but you're fucking stupid

>>56170783
>>56170794
>>56170816
>>56170823
>>56170824
>>56170866
>>56170884
>>56170893
>>56170958
>>56171032
>>56171051
>>56171082
>>56171085
>>56171100
>>56171135
>>56171145
>>56171529
>>56171545
>>56171583
>>56171589
>>56171597
>>56171619
>>56171670
>>56171925
>>56171960
>>56174189
You're the kind of people who'd think this is a 50% chance

>>56174326
Ultra premium bait.

>>56170720
sure if you create a demand for that coin

>>56174326
There's a 100% chance of you being a retard

>>56171597
You're gonna regret not securing your spot on the OGBX fair launch on pinksale, don't snooze anon

>>56174326
is this supposed to be complicated?
50%

>>56170996
>>56170720

I hope this is bait. No one can be this dumb

>>56170794
You tried doing Gods work explaining to this moron but he doesn't understand basic math.

>>56172359
That's not the question you fucking gorilla

>>56170720
i make a coin that has a total supply of 1 and i own it
i am now infinitely wealthy, checkmate

I'm not well versed in the technical side of things. What happens when the money supply finally dries up and there's no longer any incentive for people to push new blocks onto the chain?