Reasons Why Bitcoin Circulation is Restricted

[KURTAULI]

Basically, 21 million were chosen to make calculations simpler. 21 is also a triangle number which makes it very interesting. For example, if you stack 6 blocks on 5 blocks on 4 blocks, and so on. You can make an equilateral triangle with a total of 21 blocks.

 

Another reason for this 21 million statute was once archived by Satoshi, the inventor of the first Bitcoin. He gave a message calling this a difficult choice because if the network was locked, we would be stuck with it.

 

The following is Satoshi's complete statement.

"If you imagine, this is used for a small part of world trade, then there will only be 21 million coins for the whole world, this will make it more valuable per unit. The value is a 64-but integer with 8 decimal places, so 1 coin is represented internally as 100000000. There are many details if the typical price becomes small. For example, if 0,0001 is worth 1 Euro, then maybe it will be easier to change where the decimal point will be displayed. So, if you have 1 Bitcoin now, it will be displayed as 1000, and 0.001 will be displayed as 1, "Satoshi noted.

[evet]

Yeah as the value rises as time passes, the decimal point where we call it satoshi in bitcoin will adjust as well. That's some good information. It makes sense. 

[sahil777]

very techinal but intresting post, and there is bitcoin halving is coming i think in may that will be very big event it happens only 2 times in past and there will be big chance for price hike when this halving occur.

[Ajelp]

Hello, in my opinion this is very technical but interesting post is coming, Bitcoin restrictions are coming, there is Bitcoin halves, I think it can be very big event it only happened 2 times in the past and if these halves happen then there will be great potential to raise prices.  Good for you, thanks

[Tushi]

Very technical but interesting post is coming, and there is bitcoin semicolon coming up I think it could be a big event it only happened 2 times in the past

[bobdice]

Yes, this is true because Bitcoin is divided every four years and thus it is difficult to mine it and this is something we have seen for several years since the first split in the year 2013 and this makes Bitcoin rise in price and has a great value in the market

[Magdsolieman]

Yes, it was a logical step in the beginning of restricting Bitcoin trading, but now, after the increase in the number of workers in the field of encryption and low mining efficiency, we need to review this restriction process, add a new box and raise the amount of currencies in the market.

[Salsa]

Its a good idea that btc divided to satoshi balance which will be easy to pay to everyone.. And the creator of satoshi nicamoti sometimes make a strange change on btc which is interest

[moudar92]

Thus, those who programmed the algorithms of this currency determined the value of this currency, and the reason for its inventory to be controlled, such as gold, whose stock is limited, and this makes it precious and valuable.

[j240]

In this topic i learned something new about crypto today , thank you for sharing this!.