2 BTC Questions❓️

  1. How does 21 million btc scale or spread out for use amongst 8 billion (and growing) people across the earth (not to mention corporations)? I know 1 btc equals 100 million satoshis. But when a company like Micro Strategies already owns hundreds of thousands btc, how does that get distributed amongst the masses?

  2. Smart contracts... Btc was not invented for this purpose. Do people not see the value in this technology? Do you not think this tech will be used in the future? You need a L1 to accomplish the use of smart contracts, correct? Will there/can there be a decentralized L1 for the purpose of smart contracts?



Submitted November 27, 2022 at 09:20PM by Superuzer https://ift.tt/Now3knt

Comments

Post a Comment

Popular posts from this blog

Coinmarketcap are listing BCH sites as BTC

Under here: https://coinmarketcap.com/currencies/bitcoin/ They have links to https://bitcoin.com/ and https://forum.bitcoin.com/ which are no longer BTC sites; they're BCH sites. I'm not good at twitter and don't have many followers but I've tweeted at them here: https://twitter.com/bitplane/status/955918445014585344 Can we raise awareness of this and get them to change it please? Submitted January 24, 2018 at 02:47AM by david-song http://ift.tt/2DtOW70
Read more

15 years of BTC Power Law

5 years ago I made a post in this subreddit showing that BTC is a power law: Price=A*days^n, (days from Genesis Block), n=5.8. Many didn't believe me and said the past doesn't predict the future. Well, after 5 years it turns out that BTC continues its power law behavior with similar exponent. A power law is not another formula or model but the same mathematical behavior behind river formation, mountains growth, cities development, GDP vs population, and metabolic rate. Everything important is ruled by power laws, so BTC. BTC is a force of Nature. Here is the original post: https://www.reddit.com/r/Bitcoin/comments/9cqi0k/bitcoin_power_law_over_10_year_period_all_the_way/ https://preview.redd.it/ygtk3bb1fkac1.png?width=3211&format=png&auto=webp&s=46261e53d34b1d904f72eaf159cfaaf2999290ba ​ Submitted January 05, 2024 at 11:26AM by Econophysicist1 https://ift.tt/sdnkAoG
Read more