"Honey, I was wrong. There will in fact NEVER be 21 million bitcoin. I'm sorry that I was misinformed."

The main point is it’s fixed

If someone try’s to change it they get a slap from the ghost of Hulk Hogan.

“Because I say so” But seriously, it’s true. Your own node validates the rules, including the limit. By running your own node, you declare the rules you’re willing to accept.

The universe has rules dictated by math. Bitcoin is the same.

It’s like adding a new constant to the International System of Units (7 are defined for meter, luminosity, etc.). Satoshi decided that he needed to define a constant for overall monetary value, so he decided on 21m bitcoin. Gradually, this will become the 8th constant of the International System ...

Tell her about Monero and ask her if she understands wyh default privacy could be a good thing.

Sorry guys, but can you please help my geyserfund 🙏🏻 it’s for my son 🙏🏻 nostr:nevent1qqsdjgec8xts0q6wcm7kcqsj7yrmswvzfwkefd5ew8fuac463knur4cpupmhxue69uhhyetvv9ujuerpd46hxtnfduhj2v3swaehxw309aex2mrp0yhxumm5daeks6fwwa5kute9xgc8wumn8ghj7mn0wvhxcmmv9ujnyvrhwden5te0wfjkccte9eekjctdwd68ytnr...

If I give you 50 milkbones each week, but halve this number every week. Eventually that weekly milkbone allowance will fall to 0. The number of milkbones you will receive was set up front, when I gave you the allowance, the frequency, and the halving frequency.

I’ve found it easier to tell people 21 million coins can and already has actually changed (eth, bcash, dogecoin, etc)… but in doing so, that creates a new “blockchain”. No need to go into detail of forks beyond that. The hard part for the people that change the supply is convincing people ...

This is a great idea for video.

All she needs to know https://blossom.primal.net/127ccfd2de6efd88a588fab4804755b1dc672f0ee2144bc46500a5f78e50e7a9.jpg

Next time you have wine and cheese with your girlfriend, try this: Take a piece of cheese and say that it represents the current Bitcoin block subsidy, which is issued roughly every ten minutes when a miner finds a block. Bla bla bla, difficulty adjustment, bla bla bla, Satoshi invented time! Afte...

What specifically are you explaining? Why a hard cap at all, or why specifically 21 million as the hard cap? I’ll attempt to answer both: Why is a hard cap a good thing? The supply of any good can either be increasing, decreasing, or unchanging. Bitcoin is a good that’s defined and controlled b...

Because every time the number of coins gets 50% closer to 21 million, the rate of coin creation is cut in half. Imagine starting on a 10km hike at a rate of 10km/hour... after 30 minutes, you will have walked 5km. Then, you cut your rate in half to 5km/hour... so, after another 30 minutes, you wil...

Bitcoin supply is on a fixed schedule that was published when Bitcoin was created. That schedule caps the total supply at 21 million.

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

Because anytime someone would try creating bitcoin that has more coins, all the computers on the network will see it as invalid and they will ignore it. To all the computers it's immediately obvious if someone created such invalid/fake bitcoin that doesn't follow the rules.

Bitcoin is like a Birkin bag… They are valuable because not many exist and they are hard to hand make. If you mass produced the bags then the value of them goes down. Hermes may make a lot of money if they did this… but with bitcoin, there is no person or company in control. Therefore, th...

Imagine Bitcoin is a special treasure chest with 21 million gold coins inside. The person who made the chest put a magic lock on it that nobody can ever break. You can earn these coins by solving math puzzles ("mining"), but the magic lock has a rule: Every time 210,000 puzzles are solved, the rewa...

https://github.com/bitcoin/bitcoin/blob/7cc9a087069bfcdb79a08ce77eb3a60adf9483af/src/consensus/amount.h#L26 https://blossom.primal.net/8898334ba0ce1bfcbb33f872fbe41fe5f4d1d106d58a25330afd64fc33692217.jpg

Bitcoin is ultimately computer code. It is hard-coded so that no more than 21 million coins can ever be created. True value in a currency is created by scarcity: when we had a gold standard, value was based upon the fact that gold is a rare metal. With Bitcoin, because the code says that no more t...

“Babe, Satoshi said so.”

The current implementation of this current fork of "Bitcoin" has a supply cap but future forks of Bitcoin might not, and if that's what necessary for "Bitcoin" to grow, innovate, and stay relevant as a peer-to-peer electronic cash system then by all means so be it.

The total supply is an infinite series of halves. 1/2 + 1/4 + 1/8 + 1/16 ... On to infinity. Add all of them up and they'll never equal more than 1 whole. The whole supply of 21,000,000 can never be exceeded as the supply is generated as an infinite series of halves every 4 years. First four y...

https://blossom.primal.net/fe018490939b44b752b79bd44e805df1fa71e7455ec7c91f03a73bacd8b5a68a.jpg

Because you as an individual will never run a software that says otherwise.