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dido:public:ra:xapend:xapend.b_stds:defact:bitcoin:bips:bip_0042 [2021/07/26 17:45] murphy |
dido:public:ra:xapend:xapend.b_stds:defact:bitcoin:bips:bip_0042 [2021/08/17 15:15] (current) murphy |
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| : //Although it is widely believed that Satoshi was an inflation-hating goldbug he never said this, and in fact programmed Bitcoin's money supply to grow indefinitely, forever. He modeled the monetary supply as 4 gold mines being discovered per mibillenium (1024 years), with equal intervals between them, each one being depleted over the course of 140 years.// | : //Although it is widely believed that Satoshi was an inflation-hating goldbug he never said this, and in fact programmed Bitcoin's money supply to grow indefinitely, forever. He modeled the monetary supply as 4 gold mines being discovered per mibillenium (1024 years), with equal intervals between them, each one being depleted over the course of 140 years.// | ||
| - | : //This poses obvious problems, however. Prominent among them is the discussion on what to call 1 billion Bitcoin, which symbol color to use for it, and when [[dido:public:ra:xapend:xapend.a_glossary:b:bitcoin|wallet]] clients should switch to it by default.// | + | : //This poses obvious problems, however. Prominent among them is the discussion on what to call 1 billion Bitcoin, which symbol color to use for it, and when [[dido:public:ra:xapend:xapend.a_glossary:b:bitcoin|wallet]] clients should [[dido:public:ra:xapend:xapend.a_glossary:s:switch|switch]] to it by default.// |
| : //To combat this, this document proposes a controversial change: making Bitcoin's monetary supply finite.// | : //To combat this, this document proposes a controversial change: making Bitcoin's monetary supply finite.// | ||