btc21m
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How many bitcoins are in circulation?
The maximum number of bitcoins that will ever be mined is limited to 21 million units. The exact number in circulation, or that will be in circulation, can be variable by taking into account the bitcoins that are "lost forever", for example when someone loses their private keys containing their bitcoins, and can no longer obtain them.
One may think that this number of 21 million is not appropriate, it could have been 100 million or some other random number. What matters in this measurement is that there is a real limit to the number of tokens and that it is known to all. No one can decide to produce more cryptocurrency.
This kind of choice happens with fiat currencies like the euro or the dollar, and it seems that Satoshi Nakamoto was not in favor of this system. In the original block, he made a reference to a newspaper article, "the chancellor about to bail out the banks for a second time".
$BTC #btc21m #btc70k
The maximum number of bitcoins that will ever be mined is limited to 21 million units. The exact number in circulation, or that will be in circulation, can be variable by taking into account the bitcoins that are "lost forever", for example when someone loses their private keys containing their bitcoins, and can no longer obtain them.
One may think that this number of 21 million is not appropriate, it could have been 100 million or some other random number. What matters in this measurement is that there is a real limit to the number of tokens and that it is known to all. No one can decide to produce more cryptocurrency.
This kind of choice happens with fiat currencies like the euro or the dollar, and it seems that Satoshi Nakamoto was not in favor of this system. In the original block, he made a reference to a newspaper article, "the chancellor about to bail out the banks for a second time".
$BTC #btc21m #btc70k
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