Gm #nostriches
Do you know any interesting theories that explain why Satoshi chose for there to be specifically 21m #BTC (or 2.1 quadrillion #satoshis)? There must be an explanation behind it š§ #asknostr #coffeechain
Discussion
Itās half of 42
Why is it half of 42? š
42 is a reference to āHitchhikerās Guide to the Galaxyā, but Iām not sure if nostr:nprofile1qqsgyyqq26d8yrsx6mfypynpf5whmdpw3znnekhllmvnslpduxvq38cpz4mhxue69uhkummnw3ezumtfd3hh2tnvdakqz9rhwden5te0wfjkccte9ehx7um5wghxyecpz4mhxue69uhkummnw3ezu6twdaehgcfwvd3sz9nhwden5te0v96xcctn9ehx7um5wghxcctwvsl0j7pl was just joking. Thereās probably a better reason than that.
Oops. I meant to say nostr:nprofile1qqs25arvqfkrkd779jd8y8al3cgsyd0lhv6ln93qqqkelaswm6lfnpsrk33nw
No worries, I know what you meant š¤
The 21m limit is implicit. It's the scheduled amount of blocks divided by amount of halvings (block subsidy/2 every 4 years) that creates this limit. This has many reasons.
So the cap being 21M wasn't actually "chosen" I believe.
It's half of the answer to everything (which is 42).
21 is also the date of the equinoxes and solstices, which are the astronomical pillars of the year.
First Blockreward was 50 BTC per Block. during This period 50 % of the total supply of BTC got mined. in the second period the Blockreward decreased top 25, which is 25 % of the total supply. Same goes on and on and on...
All this adds to a total of 21 million BTC.