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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)
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To: FatherofFive
Yeah, right. They are computer generated. The computers will stop?

It's built into the source code that there will only ever be 21 million bitcoins.

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

Not too many people have an entire coin or more. They can be divided down to 8 decimal places. One coin is 40 grand right now, but you can go buy 10 bucks worth if you want.
75 posted on 05/20/2021 6:15:49 PM PDT by Bones75
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To: FatherofFive

Before you get yourself off with your comments…you might want to take just a few minutes to understand what you are talking about. Your ignorance on this subject is breathtaking,


88 posted on 05/20/2021 7:41:00 PM PDT by Vermont Lt (. )
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To: FatherofFive

The computers will stop generating bitcoins at 21 million because that is the way bitcoin mining is programmed. Every couple of years the amount of new bitcoins created is cut in half, so the supply of new ones is exponentially decreasing.

Very few people will ever own a full bitcoin. Unlike the dollar which is divided into 100 cents, bitcoin is divided into 100,000,000 satoshis. So even a a $1 million bitcoin, that’s still only one cent each.


104 posted on 05/21/2021 7:54:07 PM PDT by CraigEsq
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