Post
Topic
Board Bitcoin Discussion
Re: What will change in bitcoin If permitted by Sataoshi Nakamoto?
by
Wenbing
on 06/05/2020, 11:46:24 UTC
<snip>
What's with the 9 million, anyway? And how is that relevant to the global economy? Is that magical 9 million the exact quantity for Bitcoin to finally become perfect for the global economy? What is it with the global economy that specifically needs that 9 million additional supply?
The reason why I'm proposing an additional 9m Increase in supply of bitcoin is because with increase in adoption of bitcoin, I feel it may not be enough in global circulation.
Secondly it may be too scarce to get with increase in adoption and usage.



Quote
Why not 9 or 10 years instead? Why does it have to be 8. Or 7 would be better I guess; that's a lucky number.
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The reason why I make it 8 years is based on the halving principle of 50% decrease in miners reward every four years. Let's make it 100% increase in the number of years before 50% halving of the reward of miners and bitcoin being mined.