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December 08, 2017, 06:58:13 AM |
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I will answer in some way like this that Bitcoin miners use special software to solve complex math problems and are given a certain number of Bitcoins in exchange. The software code behind Bitcoin has a built-in brake pedal, cutting the creation of Bitcoin in half every four years, and would ultimately limit the total number of Bitcoin to 21 million by 2140. I don’t want you to see Bitcoin as a speculative bubble or a fad which celebrities have taken to, but an idea which democratises the creation and use of money, and eliminates banks and other third parties.
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