If it is practically infinitely divisible, then doesn't that mean that it is not truly deflationary? For example, if there is only 1 bitcoin left, and it is infinitely divisible, then it is no longer deflationary...?
That wouldn't be inflationary because no more money is being created. No matter how many times you divide that one bitcoin there will always only be one bitcoin when you add it up and thus would still be deflationary because it is still increasing in value.
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Bitcoin is deflationary by design. The people who want to use it as an alternative currency like it that way.
And it supports microtransactions. The way I've heard it told, you could run an entire world-size economy off of one bitcoin.
So unless you have the situation in which everyone loses their wallets at once, it's just business as usual. Nothing to be concerned about.
If it is practically infinitely divisible, then doesn't that mean that it is not truly deflationary? For example, if there is only 1 bitcoin left, and it is infinitely divisible, then it is no longer deflationary...?
That wouldn't be inflationary because no more money is being created. No matter how many times you divide that one bitcoin there will always only be one bitcoin when you add it up and thus would still be deflationary because it is still increasing in value.