2,100,000,000,000,000 currency units will never be enough to fuel an economy

2.1 quadrillion.

That will the number of outstanding Satoshis (the smallest BTC denomination at 1/100,000,000th) in the Bitcoin economy by 2140.

I for one, have to completely agree with the respected economists who claim this this figure is obviously too small to ever be able to facilitate any semblance of actual trade.

If Bitcoin were to become popular, we would obviously encounter the problem of people hoarding the crypto-currency. This would decrease the flow and availability of Bitcoin to a dangerous level.

Just imagine if 99% of the Bitcoins in circulation were held by savers, leaving only a paltry 21 trillion Satoshi to service the actual functioning economy.

With time, maybe 99.999999999% of all Bitcoins would just be held. Nobody would ever spend them and they would just get more and more valuable. People would actually get richer without doing anything. This would simply be morally wrong, and we would have to put a stop to it.

And if Bitcoin continued to be popular even still, we would eventually only be left with a single Satoshi to service the whole economy. Just one! Bitcoiners say that this Satoshi could be broken into smaller increments if need be, but I would call that cheating. You can’t just create something from nothing.

For the good of humanity, we must put a stop to Bitcoin in its present form. To this end, I propose that we increase the total number of eventual Bitcoin to 21,000,000,000,000,000,000,000,000,000,000,000 (21 undecillion). By my calculations, this should be just about right.

Bitcoin enthusiasts, while well meaning, really just aren’t that good with math.

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14 comments on “2,100,000,000,000,000 currency units will never be enough to fuel an economy

  1. nealspeak says:

    Hi, there is a small factual error in your text that you should correct (since you call this a “factual” blog and all… )

    The amount of decimals is currently set as you mention, however, it is fairly easy to adjust to protocol to have more decimal points. Any amount of decimal points actually.

    FAIL

  2. Just1nmc says:

    This number can be increased by several orders of magnitude as needed. If smaller units are needed, bitcoin has built in capabilities to accommodate for this. You haven’t fully researched this topic.

    • Just1nmc says:

      I’ll also admit that I didn’t fully read through this to catch the satire. But I still think it’s good for people to know that smaller units can be made 🙂

  3. peterpiper says:

    You’re an idiot.

    ps if and maybe isn’t an argument.

  4. idiot stalker says:

    u r an idiot. that is all. nice article.

  5. Brent McCulloch says:

    He’s not an idiot, he’s being sarcastic.

  6. MojoJojo says:

    Yikes, sarcasm is definitely not what bitcoin needs.

  7. I was about to post a nasty comment when I read the last one calling it sarcasm. Dude people are that dumb to write something like you just did and call it fact. Trust me I get trolls all the time on my youtube page and some of them are very smart but dumb enough to think bitcoins is inflated because it’s dividable. lol

  8. […] money unit to continually rise, in contrast to the inflationary environment around us. Bitcoin’s divisibility ensures that no matter how high the value goes, Bitcoin is still perfectly usable. Objections have […]

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