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

To: dennisw

Someone help me understand: a couple of years ago I started learning about blockchain, Bitcoin, etc, as best my brain could absorb it. At that time I understood that, once and for all, Bitcoin issued 21 million bitcoin, tick-a-lock, game locked, never added to, ever.

Also at that time, I was given to understand that, of the 21 million, around 19 million had already been “mined”, thus leaving precious little “mining” yet to do. Two years later, I’d have expected the mining to be over with. But now we read of some heavy artillery tech boys getting in on the action at the end of the game.

I have lots more to learn, I guess.

Meanwhile, like the old punchline goes, “you go your way and I’ll go mine.”


6 posted on 01/22/2022 7:01:53 AM PST by Migraine
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Migraine

The supply of new bitcoin is cut in half every four years or so. It will be about 2140 or so when the last little bit of coin is released.


8 posted on 01/22/2022 9:04:18 AM PST by Database
[ Post Reply | Private Reply | To 6 | 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