Nakamoto's emails provide glimpse into early Bitcoin thinking on supply cap, energy use, and investment risks
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Emails from Satoshi Nakamoto reveal his rationale for capping Bitcoin's supply at 21 million - wanted to align with existing currencies while allowing for price fluctuations.
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The 21 million cap was an "educated guess" that represented a fraction of global commerce, ensuring scalability.
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The emails provide insight into early Bitcoin development considerations around investment portrayal, energy use, anonymity.
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Nakamoto warned against solely portraying Bitcoin as an investment due to risks.
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The emails show Nakamoto did not coin the term "cryptocurrency" himself initially.