"Central banks, governments, and commercial banks have proven time and time again that if they have the ability to pull the levers to manipulate the money, they will."
nostr:nprofile1qy0hwumn8ghj7cnfw33k76twd4shs6tdv9kxjum5wvhx7mnvd9hx2qg4waehxw309ajkgetw9ehx7um5wghxcctwvsqzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq76kl2yj explains why 21M matters to Matt McCusker.
I joined enemy ranks as a spy. I work for a commercial bank now.
Bitcoin fix it
“I wanted to pick something that would make prices similar to existing currencies, but without knowing the future, that's very hard. I ended up picking something in the middle. If Bitcoin remains a small niche, it'll be worth less per unit than existing currencies. If you imagine it being used for some fraction of world commerce, then there's only going to be 21 million coins for the whole world, so it would be worth much more per unit. Values are 64-bit integers with 8 decimal places, so 1 coin is represented internally as 100000000. There's plenty of granularity if typical prices become small. For example, if 0.001 is worth 1 Euro, then it might be easier to change where the decimal point is displayed, so if you had 1 Bitcoin it's now displayed as 1000, and 0.001 is displayed as 1.”
- satoshi
It’s not 21m. It’s an new coin issuance as a block reward approximately every 10 mins; with an initial coinbase of 50, with 32 halvings every 210,000 blocks. Change the blocktime, or the halving interval or the initial set point and you get a different total supply.
Easily one of the best rips. Instant classic
Fire
