mrmiaggy on Nostr: Few know that Satoshi programmed Bitcoin's money supply to grow indefinitely, ...
Few know that Satoshi programmed Bitcoin's money supply to grow indefinitely, forever.
The code Satoshi wrote would re-issue a new supply of 21 million bitcoins every 64 block halvings.
i.e. A new max number of coins every ~250 years.
We now know this was probably an unintentionally introduced bug in bitcoin's code which was later fixed:
https://github.com/bitcoin/bitcoin/pull/3842Moral of the story:
Burn your idols.
#Bitcoin will find a way.
Published at
2023-07-17 22:05:59Event JSON
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"content": "Few know that Satoshi programmed Bitcoin's money supply to grow indefinitely, forever.\n\nThe code Satoshi wrote would re-issue a new supply of 21 million bitcoins every 64 block halvings.\ni.e. A new max number of coins every ~250 years.\n\nWe now know this was probably an unintentionally introduced bug in bitcoin's code which was later fixed:\nhttps://github.com/bitcoin/bitcoin/pull/3842\n\nMoral of the story:\nBurn your idols.\n#Bitcoin will find a way. https://cdn.nostr.build/i/7326a0b880b78e42d9ef1084c6c3a91bf126877c90355e66b5fb11c14f94bfb4.jpg ",
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