Bitcoin board jokingly discusses 10 to 1 split, inspired by recent stock splits

From Investing.com
August 26, 2024 11:00 AM:

The Board of Directors of Bitcoin jokingly discussed a 10 to 1 split to attract new investors, inspired by recent stock splits by companies like Nvidia and Chipotle. A split would require a hard fork or consensus, but Bitcoin’s decentralized nature makes it practically impossible. The proposed split was quickly recognized as a parody.

Well-known trader Peter Brandt added humor to the situation by involving Bitcoin maximalist Tuur Demeester in the discussion. A split of Bitcoin faces significant hurdles due to the need for agreement among miners, developers, and nodes. Altering Bitcoin’s supply would fundamentally change its value proposition as a scarce asset.

Bitcoin’s price has been fluctuating around $63,757 after failing to break $70,000, indicating uncertain trader sentiment. Despite the impracticality of a split, trolling discussions like this can encourage education about digital assets. Brandt’s lighthearted approach adds an element of humor to a serious topic within the crypto world.

Read more at Investing.com: Peter Brandt Joins Newbie Trolling By U.Today