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Chapter 1700 Birth

After listening to Li Songci's speech, Li Jin's eyes were filled with excitement.

Li Songci is truly worthy of being an outstanding figure of this era.

With just a few words of my own, I guessed the complete Bitcoin plan of later generations.

The miner system she mentioned is the key to the promotion of Bitcoin.

Even the metaphors she uses today are familiar from the terminology used by Bitcoin’s mysterious founder, Satoshi Nakamoto.

Now Li Jin is beginning to wonder whether Li Songci is the real "Satoshi Nakamoto" in history.

"I agree with this plan."

Snow was the first to take a stand.

"I agree too."

Assan followed closely behind.

"Then there is still a question, which is how to implement the reward algorithm?"

Li Songci's question somewhat dampened the excitement that a few people had just ignited.

"The reward algorithm is indeed critical, which directly affects the subsequent sustainability. The first miners will definitely be the beneficiaries. Will they try to monopolize this industry? In this case, we originally tried to disperse the chips of the operators.

The idea fell through.”

"Yes, and what is the appropriate amount of this reward? After all, this currency currently has no actual value and mainly depends on expectations. It is not appropriate to give more or less..."

This question obviously troubled several people. Not only Asang and Snow, but also Li Songci also joined in the hard thinking.

As for Huang Feng and Liu Jun, they stayed by the side throughout the whole process.

The content discussed by several people has completely exceeded their knowledge system.

They don't even know how to engage with this topic right now.

At the same time, their eyes now looking at Li Jin are full of admiration.

"Brother Jin is so amazing. He seems to know everything and seems to be mumbling about nothing."

Huang Feng lowered his head and whispered softly, and then saw Liu Jun glare at him.

Only then did Huang Feng realize that Ah Sang was still connected, so he quickly glanced at Ah Sang on the other side of the screen, and saw that he was immersed in thinking and had not noticed any changes in the outside world, so he breathed a sigh of relief.

Li Jin saw several people frowning more and more, and finally couldn't help but say:

"In fact, we don't have to worry about the amount of rewards. We can just set up a mechanism to keep the reward base declining."

"At the same time, we set the total amount of digital currency to a fixed value. As fewer and fewer mines are mined, digital currency will naturally become valuable under this deflation 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 is getting smaller and smaller, the mining income obtained by miners is actually constant."

"Wouldn't all the problems be solved in this way?"

Li Jin's words awakened the dreamer.

Snow and Asang all looked at Li Jin in disbelief.

"Li, you are really a genius, you can even think of such a subtle method."

"Mr. Li, I really admire you more and more."

Li Songci did not join Snow and Asang's Kua Kua religion, because before that, she had already seen Li Jin's cross-era thinking.

In her opinion, Li Jin is like a wise man from the future, who seems to know everything well.

"Okay, now that the general plan is almost there, we should talk about the name of this thing."

"Since the core of this thing is digital currency, and the smallest digital unit is bit, how about we call it Bitcoin?"

So, on such an ordinary afternoon, the prototype of Bitcoin was born.


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