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Floshin Token (FLOSHIN) is a cryptocurrency launched in 2021. FLOSHIN has a current supply of 1,000,000.00Bn with 0 in circulation. The last known price of FLOSHIN is 0.000000000015 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at https://www.floshin.com/.

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Updated Jul 22, 2023 2:30 am
Floshin Token
Mkt Cap $0
There's nothing here for now
Bitcoin's Scarcity Debunked: A Look at the Cryptocurrency's Divisibility
Bitcoin's Scarcity Debunked: A Look at the Cryptocurrency's Divisibility
According to Blockworks, despite the common belief that Bitcoin is scarce due to its supply limit of 21 million BTC, the reality is different. The scarcity notion is challenged by the fact that each Bitcoin is highly divisible, up to eight decimal places, resulting in 100 million satoshis (sats) per Bitcoin. This divisibility makes Bitcoin far from scarce. The current circulating supply of Bitcoin, which is 19.68 million, translates to 1.968 quadrillion sats. By 2140, there will be 2.1 quadrillion sats. To put this into perspective, the base money supply of the US dollar is currently less than $5.9 trillion, and the broader M3 is under $20.8 trillion. If Bitcoin is considered scarce, then so should the US dollar. While it's true that only 21 million people can ever own one Bitcoin each, the number of Bitcoin addresses with at least one Bitcoin is slowly growing. Currently, around 1 million addresses have at least 1 BTC. However, it's not clear how many of these addresses are owned by the same person or how many exchange accounts have million-dollar Bitcoin balances. There are also 53 million Bitcoin addresses that have one satoshi or more. If the current supply were suddenly distributed to these addresses, each would receive more than 37 million sats, equivalent to $25,500. This further challenges the notion of Bitcoin's scarcity. The perception of scarcity is attributed to the 'fiat brain', which automatically considers the largest unit when thinking about Bitcoin as a currency. However, sats are incredibly cheap right now, priced at $0.00069 each, and are often overlooked. If every sat were worth the current price of a whole Bitcoin, an even distribution would give every human alive $16.7 billion BTC. In light of the upcoming Bitcoin halving, there is a renewed interest in the idea of pricing Bitcoin in sats, rather than whole coins. This could potentially shift the perception of Bitcoin's scarcity and provide a more accurate representation of the cryptocurrency's supply.
Apr 13, 2024 4:19 am

Frequently Asked Questions

  • What is Floshin Token?

    Floshin Token is created to give people seamless access to decentralised financial services. At its core, Floshin is a BEP20 token deployed on the Binance Smart Chain.

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  • What is the all-time high price of Floshin Token (FLOSHIN)?

    The all-time high of FLOSHIN was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Floshin Token (FLOSHIN) is 0. The current price of FLOSHIN is down 0% from its all-time high.

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  • How much Floshin Token (FLOSHIN) is there in circulation?

    As of , there is currently 0 FLOSHIN in circulation. FLOSHIN has a maximum supply of 1,000,000.00Bn.

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  • What is the market cap of Floshin Token (FLOSHIN)?

    The current market cap of FLOSHIN is 0. It is calculated by multiplying the current supply of FLOSHIN by its real-time market price of 0.000000000015.

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  • What is the all-time low price of Floshin Token (FLOSHIN)?

    The all-time low of FLOSHIN was 0 , from which the coin is now up 0%. The all-time low price of Floshin Token (FLOSHIN) is 0. The current price of FLOSHIN is up 0% from its all-time low.

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  • Is Floshin Token (FLOSHIN) a good investment?

    Floshin Token (FLOSHIN) has a market capitalization of $0 and is ranked #0 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Floshin Token (FLOSHIN) price trends and patterns to find the best time to purchase FLOSHIN.

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