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dido:public:ra:xapend:xapend.b_stds:defact:bitcoin:bips:bip_0042
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BIP 0042 - A finite monetary supply for Bitcoin (soft fork)
return to the Bitcoin Improvement Proposals
Table 1: Data sheet for A finite monetary supply for Bitcoin
| Title | A finite monetary supply for Bitcoin |
| Layer | Consensus (soft fork) |
| Author | Pieter Wuille |
| Comments-Summary | Summary: Unanimously Recommended for implementation |
| Comments-URI | https://github.com/bitcoin/bips/wiki/Comments:BIP-0042 |
| Status | Final |
| Type | Standards Track |
| Created | 2014-04-01 |
| Post History | |
| Description | https://github.com/bitcoin/bips/blob/master/bip-0042.mediawiki |
| License | PD |
- Note: The following is an excerpt from the official Bitcoin site. It is provided here as a convenience and is not authoritative. Refer to the original document(s) as the authoritative reference.
Abstract
- 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 wallet clients should switch to it by default.
- To combat this, this document proposes a controversial change: making Bitcoin's monetary supply finite.
Copyright
- This document is placed in the public domain.
dido/public/ra/xapend/xapend.b_stds/defact/bitcoin/bips/bip_0042.txt · Last modified: 2021/08/17 15:15 by murphy
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