PANews, July 12 news, economist Peter Schiff posted on the X platform indicating: What if the supply of Bitcoin was 21 billion coins instead of 21 million coins? Redefining each Bitcoin as 100,000 Satoshis (instead of 100 million), while keeping the supply of Satoshis unchanged, would it still feel scarce? “100 million” is just an arbitrarily set unit, the actual supply of Bitcoin is not important; what really matters is the supply of Satoshis.
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Economist: The supply of Bitcoin is not important; what matters is the supply of Satoshi.
PANews, July 12 news, economist Peter Schiff posted on the X platform indicating: What if the supply of Bitcoin was 21 billion coins instead of 21 million coins? Redefining each Bitcoin as 100,000 Satoshis (instead of 100 million), while keeping the supply of Satoshis unchanged, would it still feel scarce? “100 million” is just an arbitrarily set unit, the actual supply of Bitcoin is not important; what really matters is the supply of Satoshis.