Risible weasel-words from bitcoin zine
16 Oct
2021
16 Oct
'21
3:46 a.m.
"...To underline the primary importance of scarcity and predictable monetary issuance in the making of digital cash, Nakamoto released Bitcoin not after a government surveillance scandal, but in the wake of the Global Financial Crisis and ensuing money printing experiments of 2007 and 2008. .." Who needs money printing experiments when you have e-money capable of Big God divisibility? Bitcoin is divisible up to eight decimal points. 1011 The smallest unit, equal to 0.00000001 bitcoin, is called a Satoshi after the pseudonymous developer behind the cryptocurrency. ... Though the U.S. dollar can be divided into cents, or 1/100 of $1, one Satoshi is just 1/100,000,000 of 1 BTC.
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professor rat