01
Monetary policy · 21M21 Million
The asymptotic maximum created by Bitcoin’s subsidy schedule and unit precision.
ECONSOURCE-LED TOPIC GUIDE
Bitcoin economics: scarcity, money and incentives
Explore Bitcoin’s supply schedule, monetary properties, incentives, network effects and the strongest economic arguments and counterarguments.
39connected coordinates
19source records
01What this field explains
Bitcoin’s economics begins with rules that can be verified in software: issuance, divisibility and transaction settlement. Their social and market consequences are not guaranteed by code. This hub separates protocol facts from economic interpretation and connects scarcity, salability, incentives, monetary history and competing theories of money.
02Start with these coordinates
A curated path from first principles to the details that matter.
02
Monetary policy · ½Halving
The programmed 50% reduction in Bitcoin’s block subsidy every 210,000 blocks.
03
Monetary policy · MBMonetary base
Central-bank money consisting mainly of currency in circulation plus reserve balances held by banks.
04
Economics · SOVStore of value
An asset used to transfer purchasing power through time, subject to price, custody, dilution and liquidity risks.
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Economics · SALESalability
Menger's idea of how easily a good can be exchanged near its prevailing price across scales, places and time.
06
Economics · MNEMonetary network effect
A form of network effect in which a monetary asset or payment system becomes more useful as more counterparties accept and hold it.
03Explore the connected entries
Definitions, mechanisms, people and source records connected to this field.
SUBBlock SubsidyMonetary policy · 2 §½HalvingMonetary policy · 2 §21M21 MillionMonetary policy · 2 §SAT/vBTransaction FeesMonetary policy · 2 §SATSatoshiMonetary policy · 1 §FIATFiat moneyEconomics · 1 §AUSAustrian economicsEconomics · 1 §SOUNDSound moneyEconomics · 1 §STRANDStranded-energy miningEconomics · 1 §DRMining demand responseEconomics · 1 §HEATMining heat reuseEconomics · 1 §MPMonetary premiumEconomics · 1 §CANTCantillon effectEconomics · 1 §TIMETime preferenceEconomics · 1 §EₛSupply elasticityEconomics · 1 §EᴅDemand elasticityEconomics · 1 §MBMonetary baseMonetary policy · 1 §BMBroad moneyMonetary policy · 1 §M0M0Monetary policy · 1 §M1M1Monetary policy · 1 §M2M2Monetary policy · 1 §SEIGSeigniorageMonetary policy · 1 §DEBASECurrency debasementMonetary policy · 1 §HYPERHyperinflationMonetary policy · 1 §DISINFDisinflationMonetary policy · 1 §DEFLDeflationMonetary policy · 1 §DDEFDebt deflationEconomics · 1 §VVelocity of moneyEconomics · 1 §MV=PYQuantity theory of moneyEconomics · 1 §UOAUnit of accountEconomics · 1 §MOEMedium of exchangeEconomics · 1 §SOVStore of valueEconomics · 1 §SALESalabilityEconomics · 1 §S2FStock-to-flow ratioEconomics · 1 §MNEMonetary network effectEconomics · 1 §NFXNetwork effectEconomics · 1 §LINDYLindy effectEconomics · 1 §PPPurchasing powerEconomics · 1 §LEGALLegal tenderEconomics · 1 §
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