Tim Bouma on Nostr: This was the big innovation. Reducing all possible futures of to-be-minted coins to a ...
This was the big innovation. Reducing all possible futures of to-be-minted coins to a single future. It eliminated the one variable that all central banks and governments use to ‘manage’ the economy.
As computers get faster and the total computing power applied to creating bitcoins increases, the difficulty increases proportionally to keep the total new production constant. Thus, it is known in advance how many new bitcoins will be created every year in the future.
Published at
2024-11-20 12:29:01Event JSON
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