Damus
Open in Damus
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nostrich


Dad: Son, I want one of those 21M Bitcoin so bad!!!
Son: Hi Dad,
I can understand this desire! One thing you should know: There will never be 21M BTC.
Dad: Why not 21M Bitcoin? Was I lied to?
Son: No, no one was lied to. Here is why: The block 501726 was generated without reward (-12.5 BTC), and block 526591 with half a reward (-6.25 BTC)
Also, the 50 BTC in the Genesis Block can't be spent, even if Satoshi comes back.
On top of that, ~4 million BTC have been lost. Well, those coins existed, but were lost. Maybe one or the other Satoshi will find its way back into circulation. However, keep stacking sats.


#Bitcoin
1
Geek · 4d
If no Bitcoin were ever lost and every block contained the maximum allowable reward, the total amount of Bitcoin generated via the coinbase would be 20,999,999.9769 BTC. While it is commonly stated that the supply is capped at 21 million, the actual mathematical limit is slightly lower due to the wa...