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What if BitCoin runs out of bits? OH NO!
What will your great great great great grandchildren DO?!?!
At CoinGeek London, George Gilder (who publicly revealed who Satoshi Nakamoto was in about 2018) peppered Craig Wright with his concerns about the limited supply of satoshis in BitCoin. There are many who have the same question about BitCoin’s limited supply of bits[0]:
George Gilder: “I think [BSV] is a big advance for individual rights and privacy … WHY IS IT CAPPED?”
Also George: “What happens if the entrepreneurs generate demand for a hundred and sixty-two times more money to fund their creations and inventions?”
Send in the Clowns! (HODLers)
How about we use all the bits (satoshis) which aren’t in motion? “Call in the army!”. Call in the ones doing nothing!
If I need 100 widgets to make a system (like an app) work, and I own 80 widgets already, but there are only 120 widgets total (a hard-bounded system), and 40 of them are being “HODL-ed” in wallets, then the answer to my shortage is to “unseat” half of the HODL-ed (motionless) widgets to use in my system. How do I do that? I offer a higher price to the HODLers until half of them sell to me. Or I…