Only 21 Million Bitcoins Will Ever Exist

Bitcoin - The Currency of the Internet

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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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Cryptocurrency News & Discussion

The official source for CryptoCurrency News, Discussion & Analysis.
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The Fed targets 2% price inflation, but anyone paying attention to their monthly budget knows their expenses are increasing much more than 2%. Bitcoin targets a diminishing inflation schedule capped at 21 million bitcoins and anyone can verify it’s on target.

submitted by the420chronicler to Bitcoin [link] [comments]

YSK as central banks continue to print money and debase outstanding currency, there’ll only ever be 21 million Bitcoin

submitted by reddiddiddit to YSK [link] [comments]

How do I explain to someone who doesn’t know anything about bitcoin that there will never be more than 21 million bitcoins?

So, I was talking to my friends parents about bitcoin today and her dad knows a little something about it but her mom knows nothing. He told me that he owns 1 whole bitcoin which surprised me and I thought was amazing. But, then her mom asked why people buy them. So, we tried to explain to her that it’s a way for people to take control of their money, and to avoid inflation because there will never be more than 21 million Bitcoin. Once they’re all mined, then no more will be added to circulation. She immediately asked “How do you know that? How do you know for 100% certain that more wont be added after those 21 million? Isn’t there some kind of ‘managing group’ that controls what happens and could potentially decide to add more?” (She’s an American businesswoman) Now, I’m not an expert but I’m also not new to bitcoin. I know that there won’t be more than 21 million bitcoins. I know Satoshi Nakamoto didn’t start bitcoin to make money and that its much much more than just an investment or a currency it’s a revolution. It’s a way to take the power away from the system that oppresses us. I know this, but I also don’t know how to explain to her in a way that she’d be able to understand that there’s no “managing group” that’s going to add more bitcoin to make more money after the 21 million are mined. How do I show her proof of this?
Edit: I was way off on my 2028 math 😅 thanks for the correction and all the good answers. I realize now that saying “I’m not new to bitcoin” was extremely overconfident, and though I’ve been involved with bitcoin for many years, I’ve never taken enough time to actually learn what I should have learned a long time ago. I am very much still a grasshopper
submitted by tjknocker to Bitcoin [link] [comments]

@binance: RT @binance: 21 million #Bitcoin ➖➖➖➖➖➖➖ = 0.0027 7.8 billion people #BTC each

@binance: RT @binance: 21 million #Bitcoin ➖➖➖➖➖➖➖ = 0.0027 7.8 billion people #BTC each submitted by rulesforrebels to BinanceTrading [link] [comments]

@binance: 21 million #Bitcoin ➖➖➖➖➖➖➖ = 0.0027 7.8 billion people #BTC each

@binance: 21 million #Bitcoin ➖➖➖➖➖➖➖ = 0.0027 7.8 billion people #BTC each submitted by rulesforrebels to BinanceTrading [link] [comments]

After all 21 million Bitcoins are mined, who will confirm transactions?

submitted by treboy123 to BitcoinBeginners [link] [comments]

@cz_binance: RT @binance: 21 million #Bitcoin ➖➖➖➖➖➖➖ = 0.0027 7.8 billion people #BTC each

submitted by rulesforrebels to BinanceTrading [link] [comments]

21 Million Bitcoins to Rule all Sidechains: The Perpetual One-way Peg

21 Million Bitcoins to Rule all Sidechains: The Perpetual One-way Peg submitted by parakite to Bitcoin [link] [comments]

@binance: It's estimated that 22% of the US dollar circulating supply was printed in 2020. There can never be more than 21 million #Bitcoin.

@binance: It's estimated that 22% of the US dollar circulating supply was printed in 2020. There can never be more than 21 million #Bitcoin. submitted by rulesforrebels to BinanceTrading [link] [comments]

@binance: RT @binance: It's estimated that 22% of the US dollar circulating supply was printed in 2020. There can never be more than 21 million #Bitcoin.

@binance: RT @binance: It's estimated that 22% of the US dollar circulating supply was printed in 2020. There can never be more than 21 million #Bitcoin. submitted by rulesforrebels to BinanceTrading [link] [comments]

21 Million Bitcoins to Rule all Sidechains: The Perpetual One-way Peg (x-post from /r/Bitcoin)

21 Million Bitcoins to Rule all Sidechains: The Perpetual One-way Peg (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Maybe the reason so many no-coiners think nobody uses Bitcoin is because they don't realize each Bitcoin is divisible. They think "only 21 million Bitcoins, nobody can afford a whole Bitcoin anymore, so it's going to crash anytime now." They don't appreciate the scale Bitcoin already is at.

And that's why they decide to not to look into Bitcoin. Once you learn that each Bitcoin is divisible down to 0.00000001 BTC, you realize you should take a fresh look.
What is it that made you deep dive Bitcoin?
submitted by TurongaFry3000 to Bitcoin [link] [comments]

I finally own 21 million bitcoins

Please stop posting how many bitcoin you own.
1) You open yourself up to attacks by opportunistic hackers
2) Nobody cares
submitted by akajmj to Bitcoin [link] [comments]

The Fed targets 2% price inflation, but anyone paying attention to their monthly budget knows their expenses are increasing much more than 2%. Bitcoin targets a diminishing inflation schedule capped at 21 million bitcoins and anyone can verify it’s on target. (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

What will happen to the value of bitcoin when all 21 million bitcoins are mined? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Why Are There Only 21 Million Bitcoin and What Happens After They Are All Mined? (current BTC/USD price is $11,499.00)

Latest Bitcoin News:
Why Are There Only 21 Million Bitcoin and What Happens After They Are All Mined?
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

How do I explain to someone who doesn’t know anything about bitcoin that there will never be more than 21 million bitcoins? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

After all 21 million Bitcoins are mined, who will confirm transactions? (/r/BitcoinBeginners)

submitted by ContentForager to mistyfront [link] [comments]

We all know there will only ever be 21 million bitcoins, but did you know there are roughly 47 million millionaires in the world? That leaves only about half a bitcoin per millionaire, and none for anyone else!

Source: https://www.forbes.com/sites/niallmccarthy/2019/10/22/the-countries-with-the-most-millionaires-infographic/
submitted by gta3uzi to Bitcoin [link] [comments]

Over 3,000 Tonnes of Gold to Shock the Market; Still 21 Million Bitcoin Though

Over 3,000 Tonnes of Gold to Shock the Market; Still 21 Million Bitcoin Though submitted by az_millymally to CryptoCurrency [link] [comments]

How come there an only be a maximum of around 21 million bitcoins?

I don't understand why there is a maximum. Also, why is that the maximum?

*can, not an
submitted by SomeRandomUser5363 to Bitcoin [link] [comments]

When all 21 million Bitcoin are mined, will transaction fees inevitably go up?

P.S. for all those who want to say that this will only happen in 2140, so I shouldn't worry about it, I respectfully say that it's something I'm interested in! I'd be very grateful for your responses!
submitted by ABCBAA to Bitcoin [link] [comments]

Bitcoin Q&A: The 21 Million Supply Cap - YouTube WHY WILL THERE BE ONLY 21 MILLION BITCOINS? How will we get to 21 Million bitcoins? Bitcoin Q&A: 21 million bitcoins - Andreas M. Antonopoulos ... Why cant we print more than 21 million bitcoin?

Bitcoin: Life After 21 Million. Posted On May 5, 2018 Steven Steel 0 Crypto Credit Sponsored. share ; share ; share ; tweet ; share ; share ; Ever since the 17 millionth Bitcoin was mined just over a week ago, we are one step closer to the inevitable day when there will no longer be any Bitcoins left to be created. Although the final Bitcoin will not be mined until May 2140, most of the ... This 21 million maximum supply on the number of bitcoins is a commonly cited reason as to why Bitcoin is so valuable. This is due to the fact that when you calculate that there will only be a maximum of number of 21 million bitcoins ever mined, and that there are billions of people on the planet – the cost of each of those bitcoins would have to go up as new people want to acquire bitcoins ... Bitcoin, eine gewaltige Stromverschwendung. Sowie die 21 Mio. Bitcoins erschaffen wurden, wird keiner mehr minen. Also mit welcher Rechenpower sollen die Transaktionen dann noch realisiert werden? The 21 million bitcoin supply cap reflects these constraints, specifically: the eventual money stock, expressed in satoshis, fits cleanly within the IEEE floating point representation system; the eventual money stock, expressed in satoshis, roughly equals global M1 money stock in 2009, expressed in cents; the satoshi to bitcoin ratio of 100,000,000:1 ensured that dollar parity would be ... Bitcoin also has a stipulation—set forth in its source code—that it must have a limited and finite supply. For this reason, there will only ever be 21 million bitcoins ever produced.

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Bitcoin Q&A: The 21 Million Supply Cap - YouTube

What determines the supply of bitcoin? A probabilistic, geometrically declining supply function meant to simulate the issuance of precious metals. Every ten ... It's a well-known fact that bitcoin mining consumes energy. Many people don't realize the global cost to run the Bitcoin network, with electricity costs at m... https://GeorgeLevy.com/Free presents: In this video, I answer a question from one of the students of the Blockchain and Bitcoin Fundamentals course: "What ha... What exactly happens after the 21 millionth Bitcoin? Why 21 million? In this short video, shot on Canal Drive in Pompano Beach, I discuss the goals of Bitcoin and Counterparty, and discuss ... Robert Breedlove talks about the market cap of Bitcoin and why Satoshi picked that number. -----...

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