2/18/2010

🗣️ Satoshi on Emission

On February 18, 2010, Satoshi commented on Bitcoin's predetermined supply. "In this regard, [Bitcoin] is more like precious metals. Instead of adjusting the supply to maintain a stable value, the supply is predetermined, and the value changes. As the number of users grows, the value of each coin increases. This can lead to a positive feedback loop: as the number of users increases, the value grows, which may attract more users wanting to benefit from the rising value."