Post
Topic
Board Economics
Re: Why 21,000,000 Supply?
by
BitcoinBlack
on 13/12/2017, 02:20:09 UTC
There was actually a reason behind it that had to do with how bytes are divided or something like that, or maybe with the gold supply... I remember reading some theory about it, so it was not fully arbitrary, there was some thought put into it.

It's similar to the 1MB blocksize, it is what it is, but there is also thought put behind the number. Satoshi didn't simply roll a dice and choose these numbers.

It's detailed here - https://bitcoinmagazine.com/articles/satoshis-genius-unexpected-ways-in-which-bitcoin-dodged-some-cryptographic-bullet-1382996984/

Quite stunning how much thought went into every possible aspect. That's why I think it was a group that did. A bunch of heads finds many more potential holes than one.

Thanks for sharing! I Will definitely check that out. Indeed, it's really hard to believe all this was done by a person..