🪙Tokenomics
Last updated
Last updated
21.332.016 SATOSHI
The tokenomics of the Satoshi Nakamoto Meme Coin are carefully crafted and imbued with symbolic significance. With a Maximum Supply of 21,332,016 tokens, we celebrate the cryptographic fundamentals upon which Bitcoin is built, while also honoring the groundbreaking publication of the Bitcoin Whitepaper.
The number 21 symbolizes the total amount of Bitcoins that will ever exist, a fixed limit set by Satoshi Nakamoto in his seminal whitepaper. This is further underscored by 210,000 blocks per halving, a fundamental feature of the Bitcoin protocol that limits supply inflation and promotes scarcity.
Interestingly, the Bitcoin Whitepaper was published precisely at 2:10 pm EDT in the Cryptography Mailing List archive, further emphasizing the significance of the number 21 in the genesis of Bitcoin. Additionally, Matthew Chapter 21 contains the episode in which Jesus drives out the "money changers" from the temple, providing a fascinating parallel to the goals of decentralization and independence pursued by Bitcoin and cryptocurrencies in general.
The number 33 also holds profound symbolic meaning in our tokenomics. It not only represents the 33 years after Satoshi Nakamoto's birthday on April 5, 1975, when the Bitcoin Whitepaper was released on October 31, 2008, but also the number of halvings that will occur over time in the Bitcoin network until the block reward reaches zero. Additionally, it relates directly to the 33 bytes in a public key, a fundamental component of cryptography that ensures the security of the Bitcoin network.
Finally, the number 2016 signifies the difficulty adjustment every 2016 blocks in the Bitcoin protocol. This mechanism ensures that the time between blocks remains stable regardless of the number of miners in the network or the total computational power, thereby supporting the integrity and stability of the system.
The Satoshi Nakamoto Meme Coin was created on April 5th, a date of particular significance. According to Satoshi Nakamoto’s profile on P2P Foundation, he listed his fictitious “birthday” as April 5th, 1975. Interestingly, this date aligns with historical events that underscore the importance of financial freedom and decentralization.
On the same exact day in 1933, Executive Order 6102 was issued, making it illegal for Americans to own gold and compelling them to surrender it to banks. This historical event highlights the need for alternatives to traditional financial systems, emphasizing the importance of Bitcoin. Unlike physical assets like gold, Bitcoin, if held in self-custody, cannot be censored or seized by any government or entity.
Furthermore, in the year 1975, which coincides with the "birth year" of Satoshi Nakamoto, Americans were once again legally allowed to own gold, marking a significant shift towards individual financial sovereignty. This historical context adds depth to the significance of April 5th and reinforces the ideals of autonomy and freedom that underpin the Satoshi Nakamoto Meme Coin.
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