#ETH巨鲸增持 Satoshi Nakamoto has been missing for more than a decade, yet has buried a living economics textbook in the code.

What is the most ruthless aspect of this mysterious designer? It is not technological innovation, but rather the rules written in a line of code—halving the output every four years, allowing time to teach the lesson of scarcity.

Early mining was like picking up money; resources were plentiful and the threshold was extremely low. But when the first halving came, the rules of the game changed drastically: the cost of computing power doubled, the output of new coins was halved, and the inventory on hand suddenly took on a different weight. He never promised that 'this thing will appreciate,' but used the supply curve to let all participants come to their own conclusions.

This is an arena without referees. Millions of miners and traders around the world gamble under transparent rules, and everyone knows when the next halving will occur, just like knowing the time of an exam but not being able to determine the questions. This "known uncertainty" instead gives rise to the most extreme fluctuations in market sentiment.

But there is one question that remains unresolved: why did he want to completely disappear? If he continued to control this system, perhaps he could correct the deviations that appeared later - for example, the gradual concentration of computing power in large mining farms, which seems to go against the original ideal of decentralization.

Perhaps only in the absence of the creator can "code is law" truly be established. No privileged accounts, no backdoor switches, the system operates along predetermined trajectories, unchanged by any individual will.

We thought we were participating in a wealth experiment, but in reality, we might be providing sample data for some anonymous scholar's research on human nature. If you were to design such rules, what trade-offs would you make between scarcity and fairness? $BTC $ETH $AT