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1 sat \ 1 reply \ @abetusk 17 Sep 2021 \ parent \ on: Hard to stomach truths about Bitcoin bitcoin
Yes, absolutely, and I think the points listed are valid, if not to discuss ourselves but also to make sure we have good counterpoints for when we get asked those points. Maybe I came off as too snarky but part of my intent was to give the beginnings of counterpoints for others who run into these same points.
Fair enough and as do I, but sockets still work, the unix command line still functions. etc. The path from then to now, or even just a 10 year timespan, made things more accessible, easier to install and easier to experiment with. Things evolve but they don't, at least in my opinion, become unrecognizable.
Maybe you're responding to some hype you've been exposed that I haven't. I just recently saw some old post about why 21M was picked, so there's an interesting question of whether there was any significance in 21, either from an economic or mathematical perspective, in addition the more fundamental question of whether having a fixed amount of Bitcoin is good practice in the first place.
I'm a bit surprised that no one in that post highlights that with 50 BTC reward the total just ends up being a nice number that is rounded to millions (almost):
https://www.wolframalpha.com/input/?i=%28sum+210000*%28%2850*10%5E8%29%2F2%5En%29+n%3D0+to+32+%29+%2F+10%5E8 .
Yeah, I have seen people having some amount of hype around this magical number...
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