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timechain

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Mark Bychek
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21,000,000 — the number that saved BitcoinHow, 3 weeks before launch, Satoshi Nakamoto rewrote the protocol core and created the scarcest asset in human history In November 2008, the world was on the brink of collapse under a financial disaster. Banks were falling, the dollar was wobbling, and somewhere in a closed mailing list of cryptographers, a slow-burning bomb was taking shape. Satoshi Nakamoto sent out an early version of the code, in which there were supposed to be almost 2 billion bitcoins. And then—over the course of a few weeks—he personally destroyed 98% of all future coins. Why? And what would have happened if he hadn’t done it?

21,000,000 — the number that saved Bitcoin

How, 3 weeks before launch, Satoshi Nakamoto rewrote the protocol core and created the scarcest asset in human history
In November 2008, the world was on the brink of collapse under a financial disaster. Banks were falling, the dollar was wobbling, and somewhere in a closed mailing list of cryptographers, a slow-burning bomb was taking shape. Satoshi Nakamoto sent out an early version of the code, in which there were supposed to be almost 2 billion bitcoins. And then—over the course of a few weeks—he personally destroyed 98% of all future coins. Why? And what would have happened if he hadn’t done it?
Nobody knows the real Satoshi. But his old code is known 🤫 A couple of months before the Bitcoin launch, it looked COMPLETELY different. Satoshi shared an early build with a select few, and the numbers were so unbelievable you wouldn't believe your eyes 🫣 Take a look yourself: 🔸 Max supply — 1.99 BILLION coins 🔸 Block reward — 10,000 BTC 🔸 Halving every 100,000 blocks 🔸 Difficulty adjusted once a month 🔸 It was all called timechain 🫠 Then, just a couple of weeks before the launch, he completely revamped it. He slashed the supply by 95 times down to 21 million. Cut the reward down to 50 BTC. Added eight decimal places and renamed it to blockchain. Why? I think he realized: people will only hold onto what’s hard to mine. Scarcity beat availability. One decision — and we live in a different reality 😬 👇 Now, here's a question for you: What if he had kept those settings and we ended up with 1.9 billion coins — would Bitcoin be worth anything now? Or would it be worthless? Drop your thoughts, I’m really curious 🔥 $BNB {future}(BNBUSDT) $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) #Bitcoin #satoshiNakamato #timechain #CryptoHistory #BTC
Nobody knows the real Satoshi. But his old code is known 🤫

A couple of months before the Bitcoin launch, it looked COMPLETELY different. Satoshi shared an early build with a select few, and the numbers were so unbelievable you wouldn't believe your eyes 🫣

Take a look yourself:

🔸 Max supply — 1.99 BILLION coins
🔸 Block reward — 10,000 BTC
🔸 Halving every 100,000 blocks
🔸 Difficulty adjusted once a month
🔸 It was all called timechain 🫠

Then, just a couple of weeks before the launch, he completely revamped it. He slashed the supply by 95 times down to 21 million. Cut the reward down to 50 BTC. Added eight decimal places and renamed it to blockchain.

Why? I think he realized: people will only hold onto what’s hard to mine. Scarcity beat availability.

One decision — and we live in a different reality 😬

👇 Now, here's a question for you:
What if he had kept those settings and we ended up with 1.9 billion coins — would Bitcoin be worth anything now? Or would it be worthless?

Drop your thoughts, I’m really curious 🔥

$BNB
$BTC
$ETH
#Bitcoin #satoshiNakamato #timechain #CryptoHistory #BTC
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