Bitcoin is not about the amount of Bitcoin you have, or the price of Bitcoin you have but the percentage of the network you own.
Oh dear. That doesn't bode well for me then. My little 0.001 buys are going to take a long while even to get to 1 bitcoin.
I feel better about not having gotten around to buying other coins yet though. Especially Cardano, which has crossed my mind.
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It takes a while and it’s about being consistent the vast majority of people will never own 1 BTC especially the shitcoiners as they’ll come in last and have to pay the most lol
If we had to share BTC equally amounting the population I think it’s something like 0.028 so you’re not too far off being a 1 precenter
The thing is as BTC grows the Units will just add more zeros to the end so your purchasing power remains in tact as well as your place on the network unlike fiat and these other coins
Are you saying that anyone with 0.028 bitcoin is a 1 percenter?
What? Not feeling very bright this morning. 😂
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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
Ah. I see. Thanks for the extra explanation. 😊
!ENGAGE 30
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ENGAGEtokens.