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Trump: "Bitcoin will be made in USA" (twitter.com)

posted 62 days ago by bubble_bursts 62 days ago by bubble_bursts +34 / -0

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– motrhed3 1 point 62 days ago +1 / -0

I do not understand bitcoin. there is only a set quantity of bitcoin, yet people can mine more? from the ether of the interwebz?

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– RedWorm 2 points 62 days ago +2 / -0

I don't know a bunch of info about it, but from what I hear from Bitcoin maxi's is that it's an asset and not a currency.

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– motrhed3 1 point 62 days ago +1 / -0

I get that part. but how can you mine more when there is only a finite quantity? and that quantity is already distributed.

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– FuckNewsom 3 points 62 days ago +3 / -0

and that quantity is already distributed

That's incorrect. Around 19 million Bitcoin have been mined. The final Bitcoin (21 million) is projected to be mined in the year 2140.

If you want an explanation of why that is, then here's a link... https://www.bitcoinblockhalf.com/

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