Life at the Top

Chapter 2484

After Celine’s speech, Jasper’s eyes were full of excitement.

Celine was indeed the hero of this era. With just a few words, she managed to guess the complete Bitcoin plan of later generations.

The mining system that she mentioned was the key to the popularity of Bitcoin. Even the metaphors she used were similar to the terminology used by Bitcoin’s mysterious founder, Sato Naka.

Jasper was beginning to wonder if Celine was the real ‘Sato Naka’ in history.

“I agree with this plan!” Snow was the first to express his opinion.

“I agree too!” Assange chimed in.

“There was still the question of how to implement the reward algorithm?” Celine’s question somewhat dampened the excitement that had just ignited.

“The reward algorithm is critical as it will directly affect the follow-up sustainability. The initial miners must be the beneficiaries. Will they try to monopolize this business? In that case, our idea of dispersing the coins will be in vain… Yes, and how much is appropriate for this reward? After all, this currency has no actual value at present, and it will depend on expectations. It is not appropriate to give too much or too little…”

This question troubled them. Not just Assange and Snow, but Jagoan also racked her brain.

Jagoan and Jagoan stayed aside throughout the whole process. The discussion was completely beyond their knowledge. They did not even know how to engage in this topic. At the same time, they looked at Jagoan with admiration.

“Jagoan is awesome. He seems to know everything, nothing is hard for him,” Jagoan lowered his head and whispered.

Then, he saw Jagoan glaring at him.

It was only then that Jagoan realized that Assange was still online, so he hurriedly glanced at Assange on the screen.

When he saw Assange immersed in thinking, not noticing any changes, he breathed a sigh of relief.

Seeing their frowns getting deeper and deeper, Jagoan finally could not hold back from saying, “Actually, we don’t have to worry about the amount of reward. We just need to set up a mechanism so that the reward base continues to decline…”

“At the same time, we will set the total amount of digital currency to a fixed value. As the number of mines decreases, the digital currency will naturally become valuable under the principles of supply and demand. After several years of this, the value of digital currency will naturally become higher and higher. At the same time, because the proportion of mining algorithms will get smaller, the income obtained by miners will be constant…”

“This way, the problem will be solved!” Jagoan solved the problem immediately.

Snow and Assange looked at Jagoan in disbelief.

“Laine, you are a genius. You can even think of such a subtle method!”

“Mr. Laine, I admire you more and more…”

Jagoan did not praise Jagoan like Snow and Assange had, she had already witnessed Jagoan’s cross- generational thinking previously. To her, Jagoan was like a wise man from the future who seemed to know everything.

“Okay, now that we roughly have the general plan, we should name this thing now…” NôvelDrama.Org © 2024.

“Since the core of this thing is a digital currency, and the smallest digital unit is bits, how about we call it Bitcoin?”

So, Bitcoin’s prototype was born on this ordinary afternoon.