Quote:
Originally Posted by BOB VIDAN
This simple mind gets easily confused. How can anyone limit how many are "mined" when they started with nothing and they are backed by nothing? If you can give me a logical answer to this, maybe you can figure out why I take crappy pictures for my ads.
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Bitcoin half’s its rate of production on average every 4 years. Because a rounding event occurs past the smallest unit of measure, eventually nothing more can be mined as it’s rounded to zero. That number will be somewhere between 20-21 million coins. It’s essentially a hardcoded cap as a result.
Here’s an article that goes over the math.
https://www.ccn.com/education/how-do...50%2C000%20BTC