[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 29 KB, 741x568, af2.png [View same] [iqdb] [saucenao] [google]
14213082 No.14213082 [Reply] [Original]

Hypothetically speaking, if a coin had a supply of 21 billion coins but the smallest unit was 100,000th of 1 coin would the supply be the same as Bitcoin?

>> No.14213592

Also unrelated question: what should I read if I want to learn about Austrian economics? Any recommendation?

>> No.14213627
File: 3 KB, 448x357, 1553051120284.png [View same] [iqdb] [saucenao] [google]
14213627

>>14213082

>> No.14213642

>>14213082
Are you retarded?

>> No.14213682

>>14213082
21 million total supply, but the smallest unit was 100,000th of 1.

Lets check the math here:
1/100,000 = 0.000001.
If the supply is 21,000,000 then you divide them by each other ( 21 mil/0....1).
This will give you 2,100,000,000,000. Which is around 2 billion so that is 20 times more than the supply of bitcoin.

I suggest you learn up on normal economics before going for australian economics becuase that is way harder. And also dont be a retard and post here, go read a book first.

>> No.14213953

>>14213682
BTC = 21mil / 0.00000001 = 2,100,000,000,000,000

hypothetical coin = 21bil / 0.00001k = 2,100,000,000,000,000

>> No.14213965

>>14213953
I was about to post pretty much this.

>> No.14213995

What I'm confused about is whether or not that mean the supply is the same and BitCoin

>> No.14214043

>>14213995
probably not, 1 unit is still 1 unit
it's just that one can be smashed to really small pieces while the other can't

>> No.14214053

>>14214043
Thanks anon