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Yes it is a steady addition of new coins with a division factor to prevent an infinite supply. What exactly is your problem? We're not mining Dogecoin here.
This is "inversed exponential"
Legend has it a math guy tricked a king once with grain.
Now it seems Satoshi found a way to trick the world once again, though in a reversed way, but ultimately same way.
Perhaps 1000 or 2000 or 3000 years from now a tripple math trick will be invented instead of this double trick (half the coins,double the machines/electricity)
I think whitepaper is just a summary, so it's not very detail. While the source code is everything that make Bitcoin run, probably there's other thing that didn't mentioned in whitepaper besides halving.
POS = Proof of Scam, stay away from POS coins/tokens.
POS = Proof of Scam, stay away from POS coins/tokens.
It is best to have the bitcoin github[1] as reference since all the updates and upgrades are mentioned on that repository.
To be more accurate, on lines 1752-1763.Code: (https://github.com/bitcoin/bitcoin/blob/master/src/validation.cpp#L1752)
CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
// Force block reward to zero when right shift is undefined.
if (halvings >= 64)
return 0;
CAmount nSubsidy = 50 * COIN;
// Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
nSubsidy >>= halvings;
return nSubsidy;
Was it in there from the start or later added ?
To answer my own question:
Using deepgit 4.3 on Windows 7 german laptop with 2GB RAM, pagefile.sys/vmram 2 GB:
Code:
int64 CBlock::GetBlockValue(int64 nFees) const
{
int64 nSubsidy = 50 * COIN;
// Subsidy is cut in half every 4 years
nSubsidy >>= (nBestHeight / 210000);
return nSubsidy + nFees;
}
Blame for
File main.cpp
Commit e071a3f6 by sirius-m at 2009-08-30 05:46 on v0.1.5, v0.3.20, v0.3.20.01_closest, v0.3.20.2_closest
Msg First commit
Who or what is sirius-m, in short SM.
Is it really Satoshi Moto ?
There were some shenigans along the way/changes/"going deeper"
One attempt to change 210000 block halving to 150 block halving, not sure why, maybe for halving testing purposes, or preventing miners from getting too many too early.
Or was it ment to be ? 
