The idea that while there will only ever exist 21 million bitcoins this is not true scarcity because those 21 million can be broken down into units called satoshis, and those could be broken down further to infinity. Akin to the idea that if you split one whole pizza between 4 or 400 people, everyone is would be full.
Infinite Divisibility means there’s no scarcity
What the FUD is this?
Experts reply…
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- Dan Held
- Expert Bitcoin Explainer/FUD Squasher
The idea that you could take a pizza and feed the whole world if you just cut it up into enough small pieces. This one I find a little silly, even a little disturbing considering people don’t know basic math.
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Updated on February 21, 2021
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