RE: The Lie That Is APY - Why I Opt For Bitcoin Interest

[chekohler]

No I’m saying anyone with more than that is technically a 1 percenter in Bitcoin terms

Okay so as Bitcoins price rises let’s say the Satoshi 0.00000001 is too valuable and we need smaller units called milli Satoshis we can add it to the network and people can use that subdivision to transact and make it easier to use

Which doesn’t affect your amount on chain where as with something like fiat or Shitcoins they just create new units and dilute the rest of the holders

Comments

[gillianpearce]

Ah. I see. Thanks for the extra explanation. 😊

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