It's about Bitcoin mining, the process of generating new Bitcoin. Every 10th minute a block is mined and new coins are released and credited to the miner or mining pool who solved the block. Back in 2009 the reward was 50BTC, in 2012 it was halved to 25BTC, 2017 halved to 12.5BTC and 2021 halved to 6.25BTC.
You get the idea, every 4th year, or 200 000th block or so the mining reward is halved, since this mining reward creates new Bitcoins, this is the inflation of Bitcoin.
Now let's do the math, 6.25 -> 3.125 -> 1.5625 -> 0.78125 -> 0.390625... While this reward keeps going down, so does the inflation, soon this number becomes so insignificant that it doesn't actually increase supply. This is why they say by year 2140 the last Bitcoin will be mined, which of course is the last whole Bitcoin.
This is why the total amount of Bitcoin can never exceed 21M coins.
Compare this to fiat where as soon a new loan is issued, new money is printed out of thin air, plus interest which requires even more money to be printed of thin air, a ripoff unless you're a Muslim or a jew who gets interest free loans.
Or gold, which is mined, where we can discover new sources anywhere on earth or in space. And, soon as someone mines that, the gold supply will increase.
OP a shill, no thank you. Look BTC is hot topic. Q said gold destroys the fed. Every post is full of misleading misdirection information. Think logically if that post said on 12 -12 - 2018 post 2619. BTC shall destroy the FED. The cat would be out of the bag. No surprise. Game over in 2018. Wrong. The game will be over before this Nov. I was once held your exact opinion.
Great question. I too had this opinion. Operation warp speed. Crashed the coof bullshit but it also crushed the fed CBDC. Shitcoin central control coins. Funny BTC was created by one mysterious man!? Who is he? Really! One person! I don’t believe that for a minute. You don’t have to believe me. I know. However the market is at the low low. There has been many subtle signals. Look at El Salvador. Or general Flynn signaling in 2015. Btc‘s big rise in 2017 the month of October the same month of Q. Happy to talk more. I to believe gold shall f the fed. 21m I’m only Suggesting you buy a few hundred dollars worth. Simple supply and demand. BTC if it is the new digital gold could be worth millions.
What does that mean?
It's about Bitcoin mining, the process of generating new Bitcoin. Every 10th minute a block is mined and new coins are released and credited to the miner or mining pool who solved the block. Back in 2009 the reward was 50BTC, in 2012 it was halved to 25BTC, 2017 halved to 12.5BTC and 2021 halved to 6.25BTC.
You get the idea, every 4th year, or 200 000th block or so the mining reward is halved, since this mining reward creates new Bitcoins, this is the inflation of Bitcoin.
Now let's do the math, 6.25 -> 3.125 -> 1.5625 -> 0.78125 -> 0.390625... While this reward keeps going down, so does the inflation, soon this number becomes so insignificant that it doesn't actually increase supply. This is why they say by year 2140 the last Bitcoin will be mined, which of course is the last whole Bitcoin.
This is why the total amount of Bitcoin can never exceed 21M coins.
Compare this to fiat where as soon a new loan is issued, new money is printed out of thin air, plus interest which requires even more money to be printed of thin air, a ripoff unless you're a Muslim or a jew who gets interest free loans.
Or gold, which is mined, where we can discover new sources anywhere on earth or in space. And, soon as someone mines that, the gold supply will increase.
This is 💯!🔥🍿🔥. Nicely said
OP a shill, no thank you. Look BTC is hot topic. Q said gold destroys the fed. Every post is full of misleading misdirection information. Think logically if that post said on 12 -12 - 2018 post 2619. BTC shall destroy the FED. The cat would be out of the bag. No surprise. Game over in 2018. Wrong. The game will be over before this Nov. I was once held your exact opinion.
Great question. I too had this opinion. Operation warp speed. Crashed the coof bullshit but it also crushed the fed CBDC. Shitcoin central control coins. Funny BTC was created by one mysterious man!? Who is he? Really! One person! I don’t believe that for a minute. You don’t have to believe me. I know. However the market is at the low low. There has been many subtle signals. Look at El Salvador. Or general Flynn signaling in 2015. Btc‘s big rise in 2017 the month of October the same month of Q. Happy to talk more. I to believe gold shall f the fed. 21m I’m only Suggesting you buy a few hundred dollars worth. Simple supply and demand. BTC if it is the new digital gold could be worth millions.