Thread: Money Bitcoin Take?
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Old 12-16-2014, 06:41 PM   #126
ChiefRocka ChiefRocka is offline
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Quote:
Originally Posted by Rausch View Post
Ok, so instead of "making" more bitcoins they'll just be sold in smaller parts.

So instead of going FIAT they sell in "Mills" or less. Pretty much dividing down?
As price necessitates, yes.

The blockchain ledger records and validates every transaction no matter how small. Essentially the entire supply is accounted for and logged for all of history from 2009 on. Keys you own unlock the value stored in various addresses on the blockchain.

Last edited by ChiefRocka; 12-16-2014 at 06:57 PM..
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