Post
Topic
Board Bitcoin Discussion
Re: Bitcoin = Proof of Scam ?
by
seoincorporation
on 14/04/2024, 15:17:02 UTC
The halving of bitcoin is indeed a dirty little trick hiding in the source code.

The bitcoin white paper misleads:

"The steady addition of a constant of amount of new coins..."

Point being:

White paper does not mention halving !

If it wasn't mentioned it is because it wasn't important at all, halving is optional in the code, it depends if you want to make from the coin a finite or an infinite element, we have seen examples of coins who doesn't have halving and they work fine. A good example of this is Dogecoin.

Halving was necessary to limit the maximum supply, and it was a smart solution. If it wasn't mentioned in the whitepaper maybe it wasn't important to mention it for Satoshi.