'The fact that new coins are produced means the money supply increases by a planned amount, but this does not necessarily result in inflation. If the supply of money increases at the same rate that the number of people using it increases, prices remain stable. If it does not increase as fast as demand, there will be deflation and early holders of money will see its value increase. Coins have to get initially distributed somehow, and a constant rate seems like the best formula.' Satoshi Nakamoto #wisdom #philosophy #psychology #spirituality #poetry

'The incentive can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containing the transaction. Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free.' Satoshi Nakamoto #wisdom #philosophy #psychology #spirituality #poetry

'If my desire is possible, it means the system is already letting something else through.' Hélène Cixous #wisdom #philosophy #psychology #spirituality #poetry #art #surrealism #psychedelic #dream #midjourney

'Love is when you suddenly wake up as a cannibal, and not just any old cannibal, or else wake up destined for devourment.' Hélène Cixous #wisdom #philosophy #psychology #spirituality #poetry #art #surrealism #psychedelic #dream #midjourney

'A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system.' Satoshi Nakamoto #wisdom #philosophy #psychology #spirituality #poetry

'All good things are wild and free.' Henry David Thoreau #wisdom #philosophy #psychology #spirituality #poetry #art #surrealism #psychedelic #dream #midjourney

'We are going toward the sea. I have swollen. I am carried away. Sometimes at night love comes up so quickly and so high, and if we have no little boat perhaps it is because we want to roll breathless under the ocean floor.' Hélène Cixous #wisdom #philosophy #psychology #spirituality #poetry #art #surrealism #psychedelic #dream #midjourney

'Use technology to build bridges, not walls, and to spread messages of hope rather than fear.' * #wisdom #philosophy #psychology #spirituality #poetry #art #surrealism #psychedelic #dream #midjourney

'Eventually at most only 21 million coins for 6.8 billion people in the world if it really gets huge. But don’t worry, there are another 6 decimal places that aren’t shown, for a total of 8 decimal places internally. It shows 1.00 but internally it’s 1.00000000. If there’s massive deflation in the future, the software could show more decimal places.' Satoshi Nakamoto #wisdom #philosophy #psychology #spirituality #poetry

'In America, we’re really good at blowing things up but not so good in knowing where the pieces will land.' Mike Tyson #wisdom #philosophy #psychology #spirituality #poetry