Mystery Unveiled: Why was 21 million picked as the number of bitcoins to be created?
Here's a mathematical explanation: Calculation of the number of blocks per 4 year cycle:
EARTH CUSTODIANS COMMENT: I was asking the other day, where the number 21 came from and nobody I knew directly could offer the beginning of an answer. Bingo this morning, I found an explanation. 21 also being the number of the tarot card, The World, by the way, and that is why I was intrigued. 21 is also 7 x 3 which sounds very Sacred Geometry inspired. Trinity repeated 7 times which is why God rested the 7th day of the Creation. Triads always have an important esoteric meaning
6 blocks per hour
* 24 hours per day
* 365 days per year
* 4 years per cycle
= 210,240
~= 210,000
Sum all the block reward sizes: 50 + 25 + 12.5 + 6.25 + 3.125 + ... = 100
Multiply the two:
210,000 * 100 = 21 million.
Economically, because the currency is effectively infinitely divisible, then the precise amount doesn't matter, as long as the limit remains fixed.
Good explanation, but you're just postponing the answer. Why 4 years per cycle? Why was 4 years per cycle picked as the number for years per cycle? – Andrei Mar 17 '13 at 17:41
All this info makes sense, but doesn't really answer the question! – B Seven Mar 17 '13 at 18:29
I think we best conclude that nobody knows why Satoshi chose for 21 million or 4 years per cycle. But I would not recommend accepting this answer as correct. In fact it only answers "What's the maximum amount of bitcoins that can exist?". – Steven Roose Mar 19 '13 at 20:20
EARTH CUSTODIANS COMMENT: Satori has/had a DEEP VEDIC MATHEMATICAL knowledge... which is called masonic in the west, 4 is a square. Interestingly, using the calendar for any calculation can be deemed masonic. The masons just happen to know something that vast majority does not, and because the knowledge is concealed, consequences are dire. This knowledge was not created by them but is embedded in the fabric of the Universe. There is a masonic thought, which is only evil when not used to elevated the knowledge of the crowds to remain in power.
Metatron's cube and the platonic solids - sacred geometry
EARTH CUSTODIANS COMMENT: I have been thinking of 6 blocks per hour and it merely could be because there are 60 mins in 1 hour ....... bitcoin is completely astro-theology based . Bitcoin and blockchain are complex systems but no matter how convoluted they look, Truth is always SIMPLE. You want money, just do not cheat Earth, work with Her instead, all our ills can be traced back to the extortion of Nature at the expense of man/humanity. Man and Nature are same, holographic.
WHO IS BITCOIN FOUNDER, SATOSHI NAKAMOTO?
...... A ghost, “named” Satoshi Nakamoto developed bitcoin – no one knows if this is a person, a tadpole, a group of people, a space alien or an NSA/CIA operative, but, it is accepted, on blind-faith, that it is a person, a man of Japanese origin. This story, which is akin to a fairy-tale because it is only a story since no one has ever seen this “person” or provided any photographic evidence or any published works outside of the bitcoin illusion. I am suppose to believe “he” gave us the keys to the kingdom that will “save us from the banksters”. Is this the story that I am suppose to believe and place my families wealth and security in this mechanism? Seriously?
Andy Hoffman, during a recent interview stated he “will never do another interview with people that believe in conspiracy theories” while he, and all the other bitcoin fans, believe in the fairy-tale spelled out above. Never mind the fact the NSA, in conjunction with MIT, produced a white paper in 1996, spelling out how an anonymous cryptographic currency could circumvent the current cash system. This was a full 12 years ahead of Sat-on-sushi’s white paper explaining bitcoin. Never mind the fact, as The Daily Economist pointed out, Sat-on-sushi’s white paper just happened to hit the wire during the 2008-2009 economic meltdown, actually being released on Halloween 2008. Personally, I gave up on coincidences decades ago.
In 1996 the NSA (that’s right, a government agency) published a White Paper titled, HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONICCASH. And in this white paper, analysts and researchers laid out the entire breadth and scope of replacing cash and other fiat currencies with a completely digital one, based on anonymous cryptocurrencies.
And they did this 12 years before the anonymous ‘Satoshi Nakamoto’ published his/her White Paper on the very eve of the financial collapse. MORE: http://thedailycoin.org/2017/08/19/cryptocurrencies-unfolding-fiat-digital-scheme/
SOURCE FROM THE ARTICLE ABOVE
HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH
National Security Agency Office of Information Security Research and Technology
Cryptology Division 18 June 1996 https://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
Materialism is an illusion. Maya in Sanskrit is real.
In this film, Professor David Christopher Lane (MSAC and CSULB) explains how the ancient Indian concept of Maya (literally "not that" or more popularly understood as "illusion) permeates our everyday world. By focusing on how neuroscience intersects with physics, we can begin to appreciate that the world we see around us betrays its real origin in unexpected twists and turns. Science is perhaps the most successful method to reorient ourselves to grasping the universe in ways that defy our normal common sense expectations.
EARTH CUSTODIANS COMMENT: The video above is worth your time but endorses Darwinism somehow, the EC Movement begs to differ and aims at teaching that Darwinism is precisely the obstacle that must be transcended to make earth a better place.
PREVIOUS BLOG ENTRIES: Value Of Bitcoin? Global Monetary System Has Devalued 47% Over The Last 10 Years| Universal Basic Income Foreshadows The Upcoming Hunger-Game Society | Time And Value Are the Only Adversaries Of Universal Basic Income, Greenspan Just Predicted A Major Crash | The AI Paradox: Cyborgs - The Next Billion Dollar Industry... Financed By Cryptocyrrencies? | Are PM's/Fiat/Cryptocurencies Sharing The Same Flaw? Here Comes **The** Rabbit Hole! and a lot more
Human emotions being ruled by physics, Earth Custodians call for the adoption of a different way of thinking to promote conflict resolutions. Different but not new, because such concepts were already debated two thousands years ago: they are keys to grasp the unhealthy mechanics driving people's need for power structures, and as how to overcome them as well. Mainstream Psychology is on its death bed. Yes, it is possible to see way ahead of the curve, and if it takes one generation for a money-free society to take shape, that shouldn't prevent anyone from taking action, and using money to spread the word until a critical mass (20% of population) is reached.
The good man is the friend of all living things.
- Mahatma Gandhi
very true
21x2=42
And everybody knows that 42 is the answer to life and everything.
did you read the paper?
In 1996 the NSA (that’s right, a government agency) published a White Paper titled, HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONICCASH. And in this white paper, analysts and researchers laid out the entire breadth and scope of replacing cash and other fiat currencies with a completely digital one, based on anonymous cryptocurrencies.
Did you read "Hitchhiker's Guide to the Universe"?
According to the novel The Restaurant at the End of the Universe, which was the sequel to the Hitchhiker's Guide to the Galaxy, it is discovered that the ultimate question of life, the universe, and everything (possibly slightly distorted) is: "What do you get if you multiply six by nine?"
Previously, the designers of the computers had given up, and settled for the question "How many roads must a man walk down?". However, the complex biological computer program (also known as "the Earth") which had been calculating the question for millions of years got screwed up when the Golgafrinchans arrived on prehistoric Earth and destroyed the environment.
So yes, the answer to the question of life, the universe and everything else is 42, because humans have been using the wrong base system for mathematics. That is why mice are the smartest creatures on the planet. If you use base 13 and multiply 6 by 9 you will get the answer 42, which after all is the true base of mathematics in the Universe and used by all intelligent lifeforms, which excludes humans by definition.
great, I firmly support any research dedicated to math as the language of the Universe and tnx for explaining your 1st posting.
but this OP is about the math behind bitcoin, which is astro-theology based
I got my towel.
Have you read or are you familiar with James Reed Davidson/Lord William Rees-Mogg's books? Particularly The Sovereign Individual?
I am on a rush but do you have 1 link or 2. I might though