Post
Topic
Board Bitcoin Discussion
Re: Bitcoin = Proof of Scam ?
by
Skybuck
on 16/04/2024, 05:10:01 UTC
White paper does not mention halving !
The claim that the Bitcoin white paper misleads by not mentioning halving is not true. The halving process is indeed a fundamental part of Bitcoin’s design. The white paper specifies that after every 210,000 blocks, the reward for miners will halve. This means that while the white paper talks about the addition of new coins, it also implies a decreasing rate of supply over time due to halving events. These events are designed to control inflation and mimic the extraction of precious resources, becoming less frequent over time until the cap of 21 million bitcoins is reached. The halving is not a “dirty little trick” but a transparent and predictable feature of the Bitcoin protocol that is public and verifiable by anyone who examines the source code or understands the protocol’s rules.

This shitty paper without algorithms, without (pascal( pseudo code is only 9 pages left ?!

https://bitcoin.org/bitcoin.pdf

Where did your delusional reading start on what page ? You claim it's there, I don't think so, a simple search turned up nothing, I am not going to bother reading this scammy document again, it's up to you to at least give me a page number so I can cut my reading into 1/9.

Others have already stated, they also so nothing mentioned about halving...