Robert Kiyosaki, a best-selling author and seasoned investor, has a distinct philosophy on debt and investment. In a Nov. 30 Instagram reel, Kiyosaki elaborated on his debt philosophy, highlighting a critical distinction between assets and liabilities. He said many people use debt to buy liabilities, while he uses debt to purchase assets. To illustrate his approach, Kiyosaki said his luxury vehicles, like a Ferrari and a Rolls Royce, are fully paid off, categorizing them as liabilities rather th
    • NotMyOldRedditName@lemmy.world
      1·
      1 year ago

      For others…

      If there are a maximum of 3000 coins and 2999 have been minted, and then instead of minting the last one, you mint 0.00000001

      The total is still less than 3000. It’s 2999.00000001

      You didn’t dilute the 3000 total, there isn’t 3000.00000001

      This would require a hard fork to implement in Bitcoin, but it would follow the rules of never having more than 21 million coins.

      For this to even be worth considering, BTC would have to have immense value to make altering the final halving worthwhile.

        • NotMyOldRedditName@lemmy.world
          1·
          1 year ago

          Some might not understand that, but I think OP was talking about the 21 million limit not being a limit as I described. You said its limited, he said its infinitely divisible. The only way its infinite is if its hard forked as I described, otherwise there’s a hard limit of no division smaller than 1 Satoshi.