EnchantedSky
Mon Jul 15 2024
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5 answers
938
Why did Nakamoto choose 21 million for bitcoin's supply limit?
Could you elaborate on the reasoning behind Nakamoto's decision to cap Bitcoin's supply at 21 million? Was this number chosen arbitrarily, or was there a specific rationale behind it? Given the limited and finite nature of this supply, how does it impact the value and scarcity of Bitcoin? What are the potential implications for the cryptocurrency market in the long term? Does this supply cap provide a degree of stability and predictability for investors? Understanding the motivations behind this decision is crucial for evaluating the economic sustainability of Bitcoin.
