4 entries
Satoshi responds to Ray Dillinger's claim that Bitcoin would be inflationary at 35%, explaining how difficulty adjustment keeps production constant and how transaction fees provide an alternative incentive.
Satoshi explains Bitcoin's scalability, the transition to transaction fees, the choice of 21 million coins, and 64-bit integer values with 8 decimal places.
Satoshi explains the currency supply schedule, the 21 million coin limit, and how the system transitions from coin generation to transaction fees.
Satoshi explains transaction fees as a mechanism for prioritization and network protection, not as revenue for miners.