One of the most popular questions asked about Bitcoin is how many Bitcoins are there. The short answer is quite popular. Many would assert that there are 21 million Bitcoins. This is without getting into the intricacies of money supply within the Bitcoin network. People who ask how many Bitcoins…
Comments closedTag: Satoshi Nakamoto
Bitcoin is a technology, a currency, a P2P protocol, the foundational basis of a decentralized world, Bitcoin Cash or Gold or another new cryptocurrency, a bubble, a scam, a blockchain, a payment network, a new type of money, a commodity, a value, an ideal. All these definitions have come up…
Comments closed
Bitcoin (BTC) earned its digital gold comparison due to a number of factors, but none more-so than its pre-programmed scarcity. There can only ever be a fixed supply of 21,000,000 BTC, as was designed by Satoshi Nakamoto in order to give Bitcoin its deflationary aspect. That fixed supply also provides…
Comments closed
Marc Andreessen, co-founder of Andreessen Horowitz, published in 2011 the mythical article Why Software is eating the world on how software was penetrating all businesses, transforming all these business models into software companies. In 2011, neither the technology nor the bitcoin price had yet captivated the collective imagination of humans.…
Comments closed