
Bitcoin lore is so stupid lmao April 5, 1933: FDR orders Americans to hand over their gold. 1975: Americans can legally own gold again. Satoshi needs a birthday for his online forum profile. He chooses: April 5, 1975. lol. Then he launches Bitcoin. The first block embeds that day’s newspaper headline: “Chancellor on brink of second bailout for banks” So a timestamp (proving no pre-mine) and a shot at the monetary system. Then you get to the 21 million cap. Except there isn’t. It’s actually 20,999,999.9769. Ok close enough. It’s 50 BTC per block. Every 210,000 blocks, cut it in half. 50 - 25 - 12.5 - 6.25 - 3.125 and so on. Keep doing that until the computer literally rounds the subsidy down to zero. That’s the monetary policy. No committee. Just math. Every 2,016 blocks Bitcoin also checks how fast miners have been finding blocks and recalibrates the difficulty toward its 10 min target. Nobody runs that either. game theory is baked in. miners compete for rewards, difficulty automatically adjusts to their combined hashpower. In English: more miners show up, Bitcoin makes the winning hash harder to find, basically adding even more leading zeros. No founder allocation. No company. No CEO. Satoshi built it, handed it to the world, disappeared. Anyway, the dollar is melting.
