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VMA131Marine

(4,775 posts)

37. The limit is in the Bitcoin mining process itself

Reply to surfered (Reply #36)

Wed Jan 29, 2025, 02:01 PM

Yesterday

Bitcoin miners receive a certain number of Bitcoin for each block they mine but the more Bitcoins are mined, the lower the reward for each block. In fact, the number of coins halves every so many blocks. After enough halvings the reward is effectively zero.

https://www.kraken.com/learn/how-many-bitcoin-are-there-bitcoin-supply-explained

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Trump proposes a U. S. Bitcoin Strategic Reserve [View all] surfered Yesterday OP

A picture of the US Bitcoin Strategic Reserve is here: Tommy Carcetti Yesterday #1

These too. milestogo Yesterday #34

Lol Faux pas Yesterday #35

NEXT: Trump wants U.S. to invest trillions in Florida timeshares dalton99a Yesterday #2

Too bad the Ginsu Kives, and Parachute Luggage guys never made it to the White House, huh? Attilatheblond Yesterday #8

If the U S. government starts buying, the price will skyrocket. John1956PA Yesterday #3

Mutual funds are at least underpinned by actual businesses. Lonestarblue Yesterday #17

more like investing in a ponzi scheme that has run out of new "investors." rampartd Yesterday #20

An economist i read said its a zero-sum game, when bitcoin is bought, dollar value goes down lostnfound Yesterday #25

He has no money for school lunches but gigabucks for crypto bros. . . . . nt Bernardo de La Paz Yesterday #4

+1 dalton99a Yesterday #6

A trillion-dollar pump-and-dump from the treasury into crypto bros offshore accounts PSPS Yesterday #5

Crypto fluctuates along with gold, most of the time bucolic_frolic Yesterday #7

Based on the stock market Blue Full Moon Yesterday #12

"...with Bitcoin knowledge" sop Yesterday #9

That didn't take long. Kid Berwyn Yesterday #10

They used to at least distract us fighting over nickels for welfare underpants Yesterday #14

GOP has the transfer of wealth down to a science Kid Berwyn Yesterday #22

👍 underpants Yesterday #33

He is desperately trying to impress Elon Walleye Yesterday #11

He is hell bent on being the richest man in the world with his schemes and scams. Irish_Dem Yesterday #13

Not popular around here hueymahl Yesterday #15

Pfffft Prairie Gates Yesterday #23

Lol hueymahl Yesterday #29

FFS... IT'S A HEIST! FalloutShelter Yesterday #16

I have an acquaintance who is very,very techy. Phoenix61 Yesterday #18

Interesting video about crypto Blue Full Moon Yesterday #19

Post removed Post removed Yesterday #21

Dave Troy has been warning about this for ages. He has been warning that Trump et al plan to crash the economy... OneGrassRoot Yesterday #24

And the bitcoin market shrugs. unblock Yesterday #26

There has not been an announcement yet. hueymahl Yesterday #30

Ah, I was going to say, this has been a known plan for a while... unblock Yesterday #32

There are only about 1,000,000 bitcoins left to be mined VMA131Marine Yesterday #27

Thank you. How is Bitcoin limited to 21 million? Who enforces this limit? surfered Yesterday #36

The limit is in the Bitcoin mining process itself VMA131Marine Yesterday #37

The end game? Blue Full Moon Yesterday #28

Some employee will leave the Bitcoin keys on a web server where a hacker will steal them. Jacson6 Yesterday #31