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dino7c · 05-11-2020, 11:45 PM

There are a finite number of bitcoins (21 Million) at some point there will be no more bitcoins to be mined. For every 210,000 blocks mined the "reward" given to bitcoin miners is cut in half...this has been planned all along.

The point is a fixed supply and inflation schedule set in stone unlike the government just printing money whenever they feel like it. In theory the bitcoin price inflates over time therefore the return for mining needs to be reduced.

The supply of USD has Tripled in the last 20 years (talk about market manipulation) Bitcoin will never change...21M max

Agree or not this is why, the schedule was set in stone from the start

05-11-2020, 11:45 PM	#611
dino7c Franchise Player Join Date: Jul 2011 Exp:	There are a finite number of bitcoins (21 Million) at some point there will be no more bitcoins to be mined. For every 210,000 blocks mined the "reward" given to bitcoin miners is cut in half...this has been planned all along. The point is a fixed supply and inflation schedule set in stone unlike the government just printing money whenever they feel like it. In theory the bitcoin price inflates over time therefore the return for mining needs to be reduced. The supply of USD has Tripled in the last 20 years (talk about market manipulation) Bitcoin will never change...21M max Agree or not this is why, the schedule was set in stone from the start __________________ GFG Last edited by dino7c; 05-11-2020 at 11:48 PM.