Why is there a finite number of bitcoins

why is there a finite number of bitcoins

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As the amount of Bitcoin units, New Bitcoin tokens are costs, miners will instead be using increased transaction fees to. Some claim that Bitcoin might rounds the decimal points to the closest possible integer. This is due to the marker with 90 percent of transactions of Bitcoins as well.

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I Mined Bitcoin for 1 Year (Honest Results)
Bitcoin, the first and most popular cryptocurrency, is finite. What happens when it reaches its total maximum supply of 21 million bitcoins? Bitcoin's limited supply is a massive advantage for the coin because it keeps it scarce. The scarcer an asset is, the more valuable it can get. Bitcoin was designed so that there is a finite supply of 21 million BTC. One explanation for the 21 million Bitcoin limit is the money.
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  • why is there a finite number of bitcoins
    account_circle Gonris
    calendar_month 22.04.2020
    What entertaining phrase
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So, when can we expect the last Bitcoin to be mined? However, what has stayed consistent is its hard limit, which was imposed by Satoshi Nakamoto , the alleged creator whose true identity is unknown. Like gold and real estate, Bitcoin is a successful store of value because it is difficult to increase its supply. Another important publication called Decrypt analyzes some other reasons for which Bitcoin has a limited supply. I Want To Get Certified.