RE: Satoshi, the Bitcoin Billionaire who never spent a penny
@swissclive this post is dated 5months ago and that time I didn't even know what bitcoin is, but today after being introduced to steemit, it has been my passion going about and discovering about bitcoin and right now I'm taking a course on Coursera Bitcoin and Cryptocurrencies Technology, and reading this post where it all began gives more understanding .
But my question is why 21,000,000? How was that value calculated? As I was made to understand all cryptographic hash functions has fixed values and cryptocurrencies has a hash function of SHA-256 that's 256 bits. So how did Satoshi Nakamoto come about 21,000,000 cause if I understand correctly he still has to mine, so could that value just be a prediction from the hash function and maybe we can see lesser or even more bitcoin
Here’s your answer from the keyboard of Satoshi Nakamoto.
An educated guess is what he did on choosing the 21,000,000 coins to be distributed and that works for him to make the Bitcoin flourish.
An educated guess is what he did on choosing the 21,000,000 coins to be distributed and that works for him to make the Bitcoin flourish.