{"id":601906,"date":"2024-02-28T10:44:37","date_gmt":"2024-02-28T15:44:37","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/2024\/02\/28\/why-only-21-million-bitcoin\/"},"modified":"2024-02-28T10:47:17","modified_gmt":"2024-02-28T15:47:17","slug":"why-only-21-million-bitcoin","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2024\/02\/28\/why-only-21-million-bitcoin\/","title":{"rendered":"Why (Only) 21 Million Bitcoin?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/njump.me\/npub1g53mukxnjkcmr94fhryzkqutdz2ukq4ks0gvy5af25rgmwsl4ngq43drvk\">Martii Malmi<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/mmalmi.github.io\/satoshi\/\">Good faith<\/a> info. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Satoshi said \u00e2\u20ac\u0153anonymous sounds a bit shady.\u00e2\u20ac\u009d Also Nakamoto didn\u00e2\u20ac\u2122t coin \u00e2\u20ac\u0153cryptocurrency.\u00e2\u20ac\u009d<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u00e2\u20ac\u0153Someone came up with the word \u00e2\u20ac\u02dccryptocurrency.\u00e2\u20ac\u2122 [\u00e2\u20ac\u00a6] Maybe it\u00e2\u20ac\u2122s a word we should use when describing Bitcoin, do you like it?,\u00e2\u20ac\u009d Nakamoto queried.<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u00e2\u20ac\u0153If you imagine it being used for some fraction of world commerce, then there\u00e2\u20ac\u2122s only going to be 21 million coins for the whole world, so it would be worth much more per unit. Values are 64-bit integers with 8 decimal places, so 1 coin is represented internally as 100000000. There\u00e2\u20ac\u2122s plenty of granularity if typical prices become small. For example, if 0.001 is worth 1 Euro, then it might be easier to change where the decimal point is displayed, so if you had 1 Bitcoin it\u00e2\u20ac\u2122s now displayed as 1000, and 0.001 is displayed as 1,\u00e2\u20ac\u009d Nakamoto added.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Martii Malmi Good faith info. Satoshi said \u00e2\u20ac\u0153anonymous sounds a bit shady.\u00e2\u20ac\u009d Also Nakamoto didn\u00e2\u20ac\u2122t coin \u00e2\u20ac\u0153cryptocurrency.\u00e2\u20ac\u009d \u00e2\u20ac\u0153Someone came up with the word \u00e2\u20ac\u02dccryptocurrency.\u00e2\u20ac\u2122 [\u00e2\u20ac\u00a6] Maybe it\u00e2\u20ac\u2122s a word we should use when describing \u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_ek_photo_artist_note":"","_ek_photo_thesis":"","_ek_photo_camera":"","_ek_photo_place":"","_ek_photo_human_moment":"","_ek_photo_sequence":"","_ek_photo_question":"","_ek_photo_canonical_claim":"","_ek_photo_ai_summary":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17],"tags":[],"class_list":["post-601906","post","type-post","status-publish","format-standard","hentry","category-posts"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/601906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/comments?post=601906"}],"version-history":[{"count":3,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/601906\/revisions"}],"predecessor-version":[{"id":601909,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/601906\/revisions\/601909"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=601906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=601906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=601906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}