The 21 Million Bitcoin Question.
By Rich Apodaca |
Updated April 16th, 2018
"To incentivize early adoption, Satoshi envisioned a payout schedule modeled after a mining operation. Over time, yield decreases until no further value can be extracted. The main problem with this approach is deciding how exactly to cut the block subsidy. There are two main options:
- cut at every block;
- cut at every epoch, where an epoch represents a fixed number of blocks."
https://bitzuma.com/posts/the-21-million-bitcoin-question/
By Rich Apodaca |
Updated April 16th, 2018
"To incentivize early adoption, Satoshi envisioned a payout schedule modeled after a mining operation. Over time, yield decreases until no further value can be extracted. The main problem with this approach is deciding how exactly to cut the block subsidy. There are two main options:
- cut at every block;
- cut at every epoch, where an epoch represents a fixed number of blocks."
https://bitzuma.com/posts/the-21-million-bitcoin-question/
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