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82
In Interesting Coincidence as today is the Bitcoin halving. 👀 (media.greatawakening.win)
posted 207 days ago by grandestninjabiscuit 207 days ago by grandestninjabiscuit +84 / -2
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– grandestninjabiscuit [S] 3 points 207 days ago +3 / -0

Fact there will only be 21 million bitcoin available. Finite. Currently there is 19.69 million bitcoin in the market today. About Every 10 minutes, 6.25 new bitcoin are issued. The halving will occur at block 840000 in about 11 hours. The issuance will get cut in half, to 3.125. Creates a scarcity event a supply crisis, simple as the demand goes up as the supply decreases the price??!!!

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– 007wannabee 1 point 206 days ago +1 / -0

What will happen to the bitcoin which have been mined but then subsequently lost?

There is a guy near where I live who says he mined quite a few back in 2010 when a BTC=10cents but then forgot about them and threw out his laptop. For a couple of years he has been pestering the local council to be allowed into the garbage dump to search for it as it is now worth millions. Quite a few people have picked up on that and the council has had to put extra security fences and people on the dump.

https://www.scmp.com/news/world/europe/article/3186427/quest-find-us181-million-bitcoin-buried-under-110000-tons-rubbish

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– grandestninjabiscuit [S] 3 points 206 days ago +3 / -0

Those could be lost forever. Means there’s even less supply

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