pull down to refresh

5 sats \ 5 replies \ @mkmloom 21 Sep \ parent \ on: The 2-Quadrillion Flaw: Why SATs Will Never Trigger Hyperbitcoinization math bitcoin bitcoin_beginners

That's the question, whether people will accept it. I'm sure there will be more proposals like yours.

write
compose
5 sats \ 4 replies \ @dendehomie OP 21 Sep

impossible to come up with a better unit of account. showing something to hardcore bitcoin maxis and tell them "use this instead of Sat" and they will most likely call you a shitcoin scammer...

the name has to be simple and catchy. Sat & Nah.

the number to use as max circulating supply must be chosen with precision.

21, 13, 8, 5, 3, 2, 1, so 853 is the only number that is from the God sequence, culturally pleasing to the eye, and very easy to remember.

then we put trillion next to it. 85.3 trillion Nahs.

85.3 trillion is slightly smaller than 120 trillion (global m2) to make prices slightly deflated compared to existing currencies.

Nah was minted as an immutable rune on the bitcoin timechain.

if bitcoin maxis are still calling Nah a shitcoin scam, you think another proposal will have a chance?

reply
5 sats \ 3 replies \ @mkmloom 21 Sep

I find it unlikely that they’ll approve that or any other proposal; you’ve already laid out the valid arguments yourself. Bitcoin Maxis are complicated—I have a Bitcoin Maxis friend, so I know what I’m talking about... hahahaha.

reply
5 sats \ 2 replies \ @dendehomie OP 21 Sep

bitcoin maxis should be able to do maths and see which is the best path to hyperbitcoinization.

reply
5 sats \ 1 reply \ @mkmloom 21 Sep

I wish someone would offer an opinion on the matter.

reply
5 sats \ 0 replies \ @dendehomie OP 22 Sep

well, so far most of the comments have been very negative towards nah•sovereign•diamond. most people don't want to do the math. even bitcoiners.

reply