Card V-16: SATOSHI NAKAMOTO – The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.

Series V · Card 16 of 21 · THE MINE

The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended.

SATOSHI NAKAMOTO · BITCOIN WHITEPAPER · 31.10.2008

Turn it over, answer, sign – free, no account.

Source

“Bitcoin: A Peer-to-Peer Electronic Cash System”, 31 October 2008, ch. 6 “Incentive” (original reads “constant of amount”)

Open source · bitcoin.org ↗

About the author

Pseudonymous creator of Bitcoin. Published the whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System” in 2008 and launched the network in 2009. Their identity remains unknown.

About the source

The Bitcoin whitepaper: Satoshi’s nine-page design for electronic cash without a middleman, published on 31 October 2008.

The question on the back

How much effort goes into something before it is worth something to you?