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Re: magicnite post# 32404

Saturday, 07/16/2022 7:08:29 PM

Saturday, July 16, 2022 7:08:29 PM

Post# of 57845
NOPE! name one not connected to an exchange. I'll wait
Looks like google was not your friend there. OUCH!

Peter Armstrong
Author has 1.5K answers and 1.3M answer views3y
Every 10 minutes or so 12.5 Bitcoin get created by miners. This 12.5 Bitcoin per 10 minutes can not be changed. It’s simply impossible to cheat the blockchain unless you had some sort of alien super computer light years ahead of what we have.

Next year that number will go down by half to 6.25 Bitcoin per 10 minutes. That happens every 4 years or so until no more coins are mined in around 2140.

Predicting what happens than is like trying to predict the horse and buggy business in 100 year back in 1905.

The only thing that can resemble a stock split is a hard fork. Whereas two different versions of Bitcoin are created and the block chain does a split. Everyone gets a Bitcoin amount on both chains. That’s what happened 2 years ago when Bitcoin Core and Bitcoin Cash did a hard fork.

The supply of Bitcoin is fixed and known. It can not be altered. You can see the price of Bitcoin go from $1 all the way to a $billion aND the number of Bitcoin created will still remain 12.5 Bitcoins every 10 minutes.

In a way this is one of the features that make Bitcoin interesting. Unlike your paper money, it can not be created out of thin air and devalued by inflation and hyper inflation.

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Koushik Balaji Venkatesan


The difference between genius and stupidity is, Genius has its limits.
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