KpopMelody
Mon Jul 15 2024
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5 answers
1234
Did Nakamoto set bitcoin's 21 million limit?
Could you please elaborate on the origin of the 21 million limit set for Bitcoin? Specifically, is it widely believed that the pseudonymous creator of Bitcoin, Satoshi Nakamoto, was the one who established this cap? Was this decision based on technical, economic, or philosophical considerations? Furthermore, has the imposition of this limit had any significant impact on the market value, supply, and demand dynamics of Bitcoin over the years? Lastly, what are the potential implications and ramifications of this limit in the long-term evolution of <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> and digital assets?
EnchantedSky
Mon Jul 15 2024
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5 answers
938
Why did Nakamoto choose 21 million for bitcoin's supply limit?
Could you elaborate on the reasoning behind Nakamoto's decision to cap Bitcoin's supply at 21 million? Was this number chosen arbitrarily, or was there a specific rationale behind it? Given the limited and finite nature of this supply, how does it impact the value and scarcity of Bitcoin? What are the potential implications for the <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> market in the long term? Does this supply cap provide a degree of stability and predictability for investors? Understanding the motivations behind this decision is crucial for evaluating the economic sustainability of Bitcoin.
ShintoBlessing
Sat Jul 13 2024
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6 answers
1475
How did Nakamoto start bitcoin?
Inquiring minds often wonder, how did the enigmatic figure known as Satoshi Nakamoto embark on the creation of Bitcoin? The genesis of this revolutionary <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> remains shrouded in mystery, yet the question begs to be asked: What were the initial steps Nakamoto took to lay the foundation for this digital currency? Did he begin with a white paper outlining the concept and technical details? Or did he first create the cryptographic underpinnings, such as the blockchain, before revealing the full vision? Understanding the genesis of Bitcoin provides insight into not only Nakamoto's genius but also the evolution of digital currencies and decentralized finance.
Eleonora
Sat Jul 13 2024
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6 answers
1340
How many Bitcoins did Finney get from Nakamoto?
Could you elaborate on the alleged transaction between Finney and Nakamoto involving Bitcoins? Specifically, what is the precise figure of Bitcoins that Finney reportedly received from Nakamoto? Was this a direct transfer, or was it through some other means? And furthermore, is there any documented evidence to support this claim, such as transaction records or public statements from either party? The details surrounding this potential transaction are of significant interest to the <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> community, and any clarification you could provide would be greatly appreciated.
Chiara
Sat Jul 13 2024
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7 answers
1269
Did Nakamoto create bitcoin?
In the realm of <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> and finance, the identity of Bitcoin's creator has long been shrouded in mystery. The name Satoshi Nakamoto is synonymous with Bitcoin's genesis, yet the true identity of this individual or group remains a matter of debate. So, the question arises: Did Nakamoto truly create Bitcoin? This inquiry delves into the origins of the world's first decentralized digital currency, exploring the clues left behind in the Bitcoin whitepaper, the code repositories, and the subsequent public discourse. Was Nakamoto a brilliant cryptographer, a visionary economist, or perhaps a collaborative effort? Unraveling this puzzle could provide insights into the motives and vision behind Bitcoin's creation, potentially shaping our understanding of the cryptocurrency landscape as a whole.
