I did a really shit job explaining to my GF the reasons why Bitcoin can only ever have 21 million coins.
Anyone got a simple, succinct explanation for this?
The goal is to have it easy enough that ...
Half of them were mined in the first four years, from 2009 to 2013
In the following four years, half of the remainder were mined
In the following four years, half of *that* remainder were mined.
... and so it shall continue
In the following four years, half of the remainder were mined
In the following four years, half of *that* remainder were mined.
... and so it shall continue