So there is another 21 unit, monetary history.
by Larry Chiang on November 10, 2024
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| So there is another 21 unit, monetary history. A Guinea: a British gold coin taken out of circulation in 1813, worth 21 shillings |
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| 11/10/24, 3:12 AM |
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So there is another 21 unit, monetary history. A Guinea: a British gold coin taken out of circulation in 1813, worth 21 shillings
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| And there were 20 shillings in an old British pound, and 12 old pence per shilling, so 240 old pence per pound. A guineais in modern pounds is £1.05, It’s still used sometimes in UK auctions: paid in Guineas – £1.05 to account for 5% auction fees. |
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| 11/10/24, 3:21 AM |
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Say Bitcoin supply was 1millon guineas, then a Guinea would be 21 BTC where 1 BTC = 1 shilling. So I guess that would make a Bitcoin guinea 21×12=252 pence, or 2016 half-farthings (derivation fourthling). Now that number looks familiar 👀 2016 blocks per difficulty adjustment
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| Say Bitcoin supply was 1millon guineas, then a Guinea would be 21 BTC where 1 BTC = 1 shilling. So I guess that would make a Bitcoin guinea 21×12=252 pence, or 2016 half-farthings (derivation fourthling). Now that number looks familiar 👀 2016 blocks per difficulty adjustment. |
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| 11/10/24, 3:47 AM |
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