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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > 2012-09-28 arstechnica.com - Bitcoin makes bid for respect with new foundation
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proudhon (OP)
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September 28, 2012, 02:52:13 PM
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http://arstechnica.com/tech-policy/2012/09/bitcoin-makes-bid-for-respect-with-new-foundation/?comments=1&post=23323196#comment-23323196
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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September 28, 2012, 03:02:18 PM
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The Bitcoin Foundation won't have any direct control over the Bitcoin network, which will continue to operate independent of any institution. But the foundation hopes to accelerate the network's growth by supporting both better software and broader public awareness.

This journalist understands us.  Wink
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