Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: FatherofFive

“But bitcoin is constantly being manufactured. There are an infinite number of bitcoin serial numbers.”

Nope - only 21 Million bitcoins will ever be produced. Even taking Bitcoin to its smallest subdivision, the Satoshi, there will only ever be 2.1 quadrillion of them.


43 posted on 05/20/2021 5:11:54 PM PDT by CraigEsq
[ Post Reply | Private Reply | To 40 | View Replies ]


To: CraigEsq
Nope - only 21 Million bitcoins will ever be produced.

Yeah, right. They are computer generated. The computers will stop?

And if there are only 21 million, how do the 330,000,000 people in the US use them?

Good luck

47 posted on 05/20/2021 5:23:15 PM PDT by FatherofFive (We support Trump. Not the GOP)
[ Post Reply | Private Reply | To 43 | View Replies ]

To: CraigEsq

—” There is also a finite amount of Bitcoins that can be rewarded. “

How does that work with an unlimited number of Cryptocurrencies’?

Gresham’s law, “bad money drives out good”, will kill the lot of them off.

The Turkish bitcoin exchange worked out so well?


55 posted on 05/20/2021 5:50:51 PM PDT by DUMBGRUNT (("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message)
[ Post Reply | Private Reply | To 43 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson