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Satoshi could have chosen a 0 BTC subsidy in the blocks he mined. Or he could have burned all the BTC he mined. But he chose to do neither, leaving himself as t
by tromp 3y ago
Satoshi could have chosen a 0 BTC subsidy in the blocks he mined. Or he could have burned all the BTC he mined. But he chose to do neither, leaving himself as the biggest BTC owner ever.
Other coins have been designed in a way where the founders can only obtain coins by mining them in very small quantities or buying them on the open market (mostly by fixing the block subsidy forever).
- dogman144 3y agoI mean that “other coins design” part is looking at this aspect from the 2024 perspective of many blockchains many designs existing. In 2009, calling Bitcoin the only blockchain in town doesn’t even do service to its extreme novelty at the time. There were no other ideas on how to design, let alone any ideas on what would work long term, and there were no “open markets” for crypto haha.
- bitcoin_anon 3y agoOr he deleted the keys. Also can you choose a smaller subsidy? Wouldn’t that be an invalid block?
- tromp 3y agoYes, the coinbase can be any value from 0 to the maximum, which is subsidy + fees. It has been below the maximum several times in fact.