Quote from: Biodom on Today at 06:01:58 PM

I found this story fascinating:

Apparently, there was a 'bug" (or rather technically undefined area) in the original bitcoin code that would produce ANOTHER 21 mil btc starting in the year 256 from the get-go.
The "bug" was eradicated in BIP-42, which was done post-Satoshi.
Without BIP-42, rewards of 50BTC would restart in 256 years, then halvings would continue again (from 50btc/reward to down).

A bit of 'conspiracy' theory on my side, but how do we know if this was not the Satoshi's intent?
I keep reading about 4 mil 'lost" already in just 14 years.
What if Satoshi surmised that this loss in 256 years (with issuance stopping by year 2140) would bring available bitcoin numbers too low and actually designed the "bug" to revitalize bitcoin about a century after. Interesting, but would not affect things in our lifespan, perhaps.

See the discussion of BIP-42 here:
https://www.reddit.com/r/btc/comments/4r878s/in_case_you_missed_it_two_years_ago_bip_42_is/

I would be long dead when that inflation hits. but in

2024 3.125
2028 1.5625
2032 0.78125
2036 0.390625
2040 0.1953125

many that post here will be alive in 2040 that 0.1953 size reward will pose issues yet to be solved as of today. (but there are ways to solve it)

btw a 500000 dollar price or even a 1,000,000 dollar price does not quite fix the issues of that small reward. do the math a block reward today = 195k

at 1 million a block reward in 2040 is 195k but at 1 million the value is 20 trillion vs 600 billion.

protecting 20 trillion with the same amount of money as protecting 600 billion now is not a great idea.

I see a lot happening from now to 2040 .

If I make to that year I would be 83 years old.

If will be fun to see how things are by then.