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Addressing misinformation re: gold 21 million

Bitcoin Reddit

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This comment at the top of the post here is utter nonsense. Satoshi never did ANYTHING of the sort, and yet this subreddit pushes this to the very top of the post.

Why? Satoshi never ever ever compared bitcoin to gold.

Gold is not 'Peer-to-peer electronic cash'.

Satoshi calculated the total based on an educated guess -

“I wanted to pick something that would make prices similar to existing currencies, but without knowing the future, that’s very hard. I ended up picking something in the middle,” Nakamoto said.

“If Bitcoin remains a small niche, it’ll be worth less per unit than existing currencies. If you imagine it being used for some fraction of world commerce, then there’s only going to be 21 million coins for the whole world, so it would be worth much more per unit,” they added.

https://twitter.com/wlrvs/status/1761023697458979014

This is disingenuous at best and downright propagandist at worst.

submitted by /u/d8_thc
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