I did a really shit job explaining to my GF the reasons why Bitcoin can only ever have 21 million coins.
Anyone got a simple, succinct explanation for this?
The goal is to have it easy enough that ...
Bitcoin is like a Birkin bag…
They are valuable because not many exist and they are hard to hand make.
If you mass produced the bags then the value of them goes down.
Hermes may make a lot of money if they did this… but with bitcoin, there is no person or company in control.
Therefore, the people who utilize bitcoin wouldn’t vote to devalue themselves.
They are valuable because not many exist and they are hard to hand make.
If you mass produced the bags then the value of them goes down.
Hermes may make a lot of money if they did this… but with bitcoin, there is no person or company in control.
Therefore, the people who utilize bitcoin wouldn’t vote to devalue themselves.