Quote:
Originally Posted by jscott
So would you say numbers are infinite because a number can be broken into any amount of decimals? This argument is an old one, Frances Coppola has be confused of this for years (Super smart lady but for some reason Bitcoin makes her mind broken to math in relation to Bitcoin)
|
Hmmm... yes but bitcoins are 21 million? Shitcoins are 1 trillion supply. It's all the same as long as we agree to give them value, along with FIAT and can use all three as payments.
Lets say one person owned all the bitcoins from the beginning(2009) in the world and refused to sell. What would then be the value of each bitcoin?
Value is derived by marketing, hype and other factors with cryptocurrencies. I don't think the supply thing is important at all. It's just how many there are on a screen.
As with public companies/stocks. They got certain #amounts of shares that you can buy. Should value get determined of how many shares a company got?
Apple got 17 billion shares outstanding. 2 trillion market cap.
GameStop got only 69 million shares outstanding. 11 billion market cap.
Value of a share with stocks are determined by demand. Same with cryptocurrencies.
Did I miss anything, why is supply important at all when it's just numbers for how many bitcoins you can buy? It's exactly the same with stock shareholders.
