Quote:
Originally Posted by karl262
Incorrect.
mBTC or any other similar erc20 tokens that peg themselves to some value relative to btc do not increase the divisibility of btc.
|
The thing is though there is finite amount of utility being done in the world. So regardless of if you print dollars, mine gold, or create new coins you are at some point constrained by the utility of the world.
So adding more currencies into the crypto space dilutes the value of bitcoin in the same way all precious metals are linked in value through varying multiples.
So the bitcoin supply being limited matters only so far as alt-coins are trusted.