Except it's always been in smaller units. We've always bought satoshi's.bimboman wrote:sorCrer wrote:Scarcity should increase it's price as new adopters purchase it yes however you need to take into account that a bitcoin is divisible to a millionth i.e. a satoshi. So currently there are approximately 1,665,000,000,000,000 satoshi's in circulation. Ultimately, these will be more widely available as individual units. New adopters are basically buying quantities of satoshi's not whole bitcoins. We're still at the base of the adoption curve.bimboman wrote:sorCrer wrote:You buying $1 worth of BTC from me doesn't increase it's value. It simply means that a trade has occurred. There is inherent fungibility in BTC.bimboman wrote:
Are you really saying that in a market of finate amounts new entrants any buyers aren't increasing the value? And that if people sold and left the system the opposite wouldn't happen.
That doesn't really address my point about more new entrants making owning a finate number of something more expensive.
splitting it into smaller units to get more buyers doesn't really change its economics.
The world has changed and some will be left behind. It has always been thus.