The beauty of bitcoin is the simplicity of its design.
There will only ever be 21 million bitcoin.
Blocks come in every ~10 minutes.
The difficulty adjusts every 2,016 blocks.
The block subsidy gets cut in half every 210,000 blocks.
Blockspace is limited.
A transaction must be valid to get included in a block.
In a hyper-financialized and centrally planned global economy bitcoin's simplicity is counterintuitive.
"Monetary systems are complex. It can't be this easy."
Not only CAN money be simple, but it SHOULD be simple. We've been brought up in a counterproductive centralized system and humanity has succeeded in many areas in spite of the central planners.
Imagine what we'll be able to do when the central planners are replaced with a simple, neutral and incorruptible permissionless monetary network. Those who abide by and adapt around bitcoin's simple rule set will be able to coordinate economic activity with orders of magnitude more certainty than they have today.
No more guessing about what the Fed will do, how much debt the Treasury plans on issuing or whether or not capital controls will be turned on like a light switch.
That all goes away under a Bitcoin Standard.
Keep it simple, stupid.
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Only if it's not turned into an unwieldy database
It is an elegant solution.
The Divine Masculine Principle providing and giving me structure, foundation, stability, reliability, benevolent protection, safety, generous unconditional love, care and support. Thank you, Bitcoin ๐ฅฐ๐๐ป๐๏ธ๐ โค๏ธโ๐ฅ๐งฟ
The beauty of bitcoin is the simplicity of its design.
There will only ever be 21 million bitcoin.
Blocks come in every ~10 minutes.
The difficulty adjusts every 2,016 blocks.
The block subsidy gets cut in half every 210,000 blocks.
Blockspace is limited.
A transaction must be valid to get included in a block.
In a hyper-financialized and centrally planned global economy bitcoin's simplicity is counterintuitive.
"Monetary systems are complex. It can't be this easy."
Not only CAN money be simple, but it SHOULD be simple. We've been brought up in a counterproductive centralized system and humanity has succeeded in many areas in spite of the central planners.
Imagine what we'll be able to do when the central planners are replaced with a simple, neutral and incorruptible permissionless monetary network. Those who abide by and adapt around bitcoin's simple rule set will be able to coordinate economic activity with orders of magnitude more certainty than they have today.
No more guessing about what the Fed will do, how much debt the Treasury plans on issuing or whether or not capital controls will be turned on like a light switch.
That all goes away under a Bitcoin Standard.
Keep it simple, stupid.
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โฟ is simple ๐คทโโ๏ธ๐งก
Cool thing about 2016 blocks difficulty adjustment, itโs 6102 backwardsโฆ a wink and a nod to executive order 6102.
Good bye fiat command economy.
KISS
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The world is healing ๐งก
Genius in its simplicityโฆ
nevent1qqst0xrs0kqqwpdh0kdkddzhnq80fflw7zsw4zhucz0acuzfvuz3knqpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgf4vpmj
Damn right
The beauty of bitcoin is the simplicity of its design.
There will only ever be 21 million bitcoin.
Blocks come in every ~10 minutes.
The difficulty adjusts every 2,016 blocks.
The block subsidy gets cut in half every 210,000 blocks.
Blockspace is limited.
A transaction must be valid to get included in a block.
In a hyper-financialized and centrally planned global economy bitcoin's simplicity is counterintuitive.
"Monetary systems are complex. It can't be this easy."
Not only CAN money be simple, but it SHOULD be simple. We've been brought up in a counterproductive centralized system and humanity has succeeded in many areas in spite of the central planners.
Imagine what we'll be able to do when the central planners are replaced with a simple, neutral and incorruptible permissionless monetary network. Those who abide by and adapt around bitcoin's simple rule set will be able to coordinate economic activity with orders of magnitude more certainty than they have today.
No more guessing about what the Fed will do, how much debt the Treasury plans on issuing or whether or not capital controls will be turned on like a light switch.
That all goes away under a Bitcoin Standard.
Keep it simple, stupid.
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yes yes yes!
Beautiful explanation
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This is the future I pray for
If the purpose of money is simple to understand then any complexity is a scam.
Wonderful summary!
Bitcoin is a Protocol.
K.I.S.S. is a Principle.
Amen
TRUTH โผ๏ธ๐ฏ
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Testing uris
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I see the number of 21 everywhere why?