Post
Topic
Board Economics
Re: Why 21,000,000 Supply?
by
BitcoinBlack
on 12/12/2017, 19:21:09 UTC
I've read many of Satoshi's previous posts and writings, it's mind blowing how Satoshi was expecting bitcoin to come this far and he was prepared for it. Even in one of his posts he says he placed 8 decimals for upcoming decades... I've looked but couldn't find any info about what made him choose 21,000,000 as number of supply? Is there any logic/reason behind choosing that number? would love to know!

It seems to be just an arbitrary choice. He could have set any limit. I don't remember it being mentioned by anyone that he posted any reasons for it. It's just what he decided on, for reasons only he knows.

Personally I would have like it to be 42M.  Grin

Haha yeah, thanks! I guess he just choose it.. I was thinking someone that smart has a reason to choose that number. In one of his posts he was talking about world population and bitcoin supply..  I think he wanted to create scarcity, clearly 21m is not enough for over 6 billion people Smiley