The solution to this problem lies in metric prefixes, just like it does for gold which also has a finite supply. And FYI people lose gold all the time, drop it in the ocean, lose it in a boating accident and so on. Limited supply isn't a problem, all it does is to contribute to a higher value.
And once there's too many decimals to properly express the price of a low valued item, you just use milliBitcoin (10⁻³), microBitcoin (10⁻⁶) or nanoBitcoin (10⁻⁹).
The alternative is to have Sleepy Joe guard your wealth, and take between 2-10% of the value every year for that "service" as a hidden fee.
The solution to this problem lies in metric prefixes, just like it does for gold which also has a finite supply. And FYI people lose gold all the time, drop it in the ocean, lose it in a boating accident and so on. Limited supply isn't a problem, all it does is to contribute to a higher value.
And once there's too many decimals to properly express the price of a low valued item, you just use milliBitcoin (10⁻³), microBitcoin (10⁻⁶) or nanoBitcoin (10⁻⁹).
The alternative is to have Sleepy Joe guard your wealth, and take between 2-10% of the value every year for that "service" as a hidden fee.
100 million satoshi = 1 BTC