Tag Archives: Satoshi Nakamoto

Bitcoin Is Limited

Built into the bitcoin protocol from the beginning was a limit to the number of coins that will ever be created. The limit is 21 million. Technically, the limit is 20999999.9769, short of 21 million by 3 bitcents.   Without a limit to the possible number of bitcoins, they would become like fiat money and decrease in value as more and more and more bitcoins were created. With a limit on it, bitcoin should increase in value.   Bitcoin creation begins with a transaction. The transaction synchronizes […]

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Why Cryptocurrency Investment?

The reason why cryptocurrencies are such in demand right now is because Satoshi Nakamoto successfully found a way to build decentralized digital cash system. What is a decentralized cash system? A decentralized system means the network is powered by its users without having any third party, central authority or middleman controlling it. Neither the central bank, nor the government has power over this system. The problem with a centralized network in a payment system is the so called “double spending”. Double spending happens when one entity spends […]

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