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Why was 21 million the number of bitcoins to be created?
Because that's how the mathematics worked out. More specifically, it isn't 21 million. It's actually 20999999.9769. It's just easier for everyone to remember and say "There will never be more than 21 million created" than is is to say, "The maximum that could potentially have been created is twenty million nine hundred ninety-nine thousand nine hundred ninety-nine and nine thousand seven hundred sixty-nine ten-thousandths". What Satoshi actually did was choose a reasonable sounding number 50 and decide that the block reward would be 50 bitcoins per block for the first 210,000 blocks. Then he decided that in order to have a fixed quantity, but not have a sudden drop off, the block reward would be cut in half every 210,000 blocks. If you do this cutting in half and adding up all the blocks (rounding down to the nearest satoshi value every time), you'll find that the exact amount of bitcoins that are created by the time the 6,930,000 the block is created is 20999999.9769 Very interesting, I didnt know about how it wasn't 21 million exactly. |
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In 2050, USD and EUR will be shit nothing, smart people will have put a % of their savings in BTC, metals and asian money will be half of the pie. Print this post.
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Welcome, i am also new, looking to start mining, just interested, how much funds you need to get some profit in BTC mining ?
Btc mining is controlled by big cartels, you'll need to invest in a lot of mining power to get legit returns i think. Its a risk but someone has to do the mining or btc crashes. |
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whether the creator has billions of bitcoin?
or he is already rich of bitcoin?
There will only be about 21 million bitcoin in total, and so no one can have billions of bitcoin. I read some posts here that estimated he has mined around 1 million bitcoin, but he has only touched 50 btc. How do you know that tho? |
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You need to relax and learn the basics man.
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You can't prove shit and scientists can prove a lot of things but not everything
Therefore agnosticism wins by default.
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Offer services just like you do for FIAT, unfortunately Bitcoin isn't free money so this is the same as FIAT.
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There isn't any forum like this. Actually surprised about how they can support so many users at once, biggest community ive seen.
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Theres no way to know unless you have inside information on pumps or disruptive technology.
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KIT KAT  |
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Some indian actor from bollywood. |
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What about norway girls? amazing too
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These threads are good to have some perspective.
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If Bitcoin is banned, there will be other cleverer 'Bitcoins' filling the vacuum.
This, but I dont think its possible Bitcoin leaves the first place anytime soon. |
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Most people here are broke and if they have extra fiat they will probly use it to buy BTC and not paint over them dollars  |
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There's NO way they hacked Bitcoin.de, they need confirmation emails for everything. Unlike this site btw, this site needs confirmation email for everything too, i mean give me a break. How in hell it doesnt?
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You guys need to calm down for a while, watching too many movies lately.
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