BTC on Nostr: “Total circulation will be 21,000,000 coins. It’ll be distributed to network ...
“Total circulation will be 21,000,000 coins. It’ll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years. first 4 years: 10,500,000 coins next 4 years: 5,250,000 coins next 4 years: 2,625,000 coins next 4 years: 1,312,500 coins etc... When that runs out, the system can support transaction fees if needed. It’s based on open market competition, and there will probably always be nodes willing to process transactions for free.” —
#SatoshiNakamoto #Bitcoin #Nostr
Published at
2024-07-08 00:01:30Event JSON
{
"id": "d4cd03f3ea8c53c15b65470bb37aafb130df290c8f32000269f8291732484e51",
"pubkey": "ac340a0ffa48589e98af8577754529e8c59f7fd110f1bc832d0e8d4c4d3d1853",
"created_at": 1720396890,
"kind": 1,
"tags": [
[
"imeta",
"url https://image.nostr.build/8f20ce4f13584a40e7c90f2acce72d4a4fd6cff95705baabfbe2f5a1eb18e32e.jpg",
"blurhash eMM%4Z^X?GJrpv}syTAK-pMx_KE7nlM{nNgyMy#RXRtk%Lj1SdX8sn",
"dim 854x854"
],
[
"t",
"satoshinakamoto"
],
[
"t",
"bitcoin"
],
[
"t",
"nostr"
],
[
"r",
"https://image.nostr.build/8f20ce4f13584a40e7c90f2acce72d4a4fd6cff95705baabfbe2f5a1eb18e32e.jpg"
]
],
"content": "“Total circulation will be 21,000,000 coins. It’ll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years. first 4 years: 10,500,000 coins next 4 years: 5,250,000 coins next 4 years: 2,625,000 coins next 4 years: 1,312,500 coins etc... When that runs out, the system can support transaction fees if needed. It’s based on open market competition, and there will probably always be nodes willing to process transactions for free.” —\n#SatoshiNakamoto #Bitcoin #Nostr https://image.nostr.build/8f20ce4f13584a40e7c90f2acce72d4a4fd6cff95705baabfbe2f5a1eb18e32e.jpg ",
"sig": "d66b90d9970db5e76a89e12e3be86b4e57141123cba3a072f330e9e5e3af802ef4ccbd6451b969b0f5b5bc0acc2439d534d8b2cc0bb49ff045f106e065980edb"
}
