Louis Pearl: Bitcoin will stand test of time
Louis Pearl: Bitcoin will stand test of time Bitcoin is the great gift from the universe to save the poor and middle class from poverty. Bitcoin is not an actual coin. It is software created 13 years ago. Many say it was immaculately conceived by the unknown Satoshi Nakamura. No one knows who Satoshi is. Satoshi created a protocol whereby as the adoption of Bitcoin increases, its limited supply increases in value. After creating Bitcoin, and mining a couple million Bitcoins, Satoshi disappeared. His Bitcoin has never moved, and none of it has ever been monetized or spent. Only 21 million Bitcoins can ever be mined and no more can ever be created. At this time, 19 million Bitcoins have been mined. It will take until 2140 to mine the remaining Bitcoin. When you subtract Satoshi’s Bitcoin, only 17 million Bitcoin remain for the nearly 8 billion people in the world. This makes Bitcoin a very rare and limited asset and is the hardest money ever created. Bitcoin is both a s...