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

in LeoFinance4 years ago

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

Are you saying that anyone with 0.028 bitcoin is a 1 percenter?

The thing is as BTC grows the Units will just add more zeros to the end

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. 😊

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