I programmed scarcity. You programmed yourself to buy every new token.Satoshi Nakamoto (not really)
21 million BTC: elegant scarcity. 47 tokens in your wallet: elegant compulsion.
There will only ever be 21 million Bitcoin. This hard cap is enforced by the protocol itself and cannot be changed without consensus from the entire network. Every four years, the block reward (new Bitcoin created per block) is cut in half in an event called the "halving." This predictable, decreasing supply schedule is what gives Bitcoin its "digital gold" narrative and distinguishes it from fiat currencies, which can be printed without limit.
If you liked this quote, you'll love hearing Satoshi's voice. 21 comedy podcast episodes of fake intercepted transmissions from the creator of Bitcoin.
Listen Now →