"Total circulation will be 21,000,000 coins."
Any further detailed definition of circulation?
Sorry for the rather basic questions, just re-addressing fundamentals.
Overall, I presume the economic incentives of maintaining "the protocol" will push...
Not sure what you asking.
MMT is a bit of a confused theory imo and I'm not sure you can apply it to bitcoin
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
19gAUDU4VQoVuLgeL9pwTepPsZonqvALhv Verifiedbitcoin is hard austrian concept. elastic supply on demand cant work. That's why gold was dropped.
Copy that. I'm familiar w/ MMT - just was reading her book as she's the current face of it. Just listening to CSW emphasize his roll as the "issuer" made me think of parallels -- as MMT rests on the idea that Gov'ts can print as they "issue" the currency.
This plus Gilder's ruminations -- just had me asking myself:
How stoney is that protocol actually?
How is that 21M cap actually enforced?
Again, I think the answer is that if an attempt were made to violate the cap - the miners / processors would reject.
users will dump too
I get Gilders point on the thing that money is a measuring stick not something valuable in itself
if bitcoin gets to that point than it gets wierd for me