teachin_bitcoin on Nostr: ...
Dad: Son, I want one of those 21M Bitcoin so bad!!!
Son: Hi Dad,
I can understand this desire! One thing you should know: There will never be 21M BTC.
Dad: Why not 21M Bitcoin? Was I lied to?
Son: No, no one was lied to. Here is why: The block 501726 was generated without reward (-12.5 BTC), and block 526591 with half a reward (-6.25 BTC)
Also, the 50 BTC in the Genesis Block can't be spent, even if Satoshi comes back.
On top of that, ~4 million BTC have been lost. Well, those coins existed, but were lost. Maybe one or the other Satoshi will find its way back into circulation. However, keep stacking sats.
#Bitcoin
Published at
2024-11-17 12:29:36Event JSON
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"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1731846576,
"kind": 1,
"tags": [],
"content": "https://www.teach-me-bitcoin-son.com/media//generated/there-will-never-be-21m-btc.png\n\nDad: Son, I want one of those 21M Bitcoin so bad!!!\nSon: Hi Dad,\nI can understand this desire! One thing you should know: There will never be 21M BTC.\nDad: Why not 21M Bitcoin? Was I lied to?\nSon: No, no one was lied to. Here is why: The block 501726 was generated without reward (-12.5 BTC), and block 526591 with half a reward (-6.25 BTC)\nAlso, the 50 BTC in the Genesis Block can't be spent, even if Satoshi comes back.\nOn top of that, ~4 million BTC have been lost. Well, those coins existed, but were lost. Maybe one or the other Satoshi will find its way back into circulation. However, keep stacking sats.\n\n\n#Bitcoin",
"sig": "b522033bbb304e6e8721e65efe3d044e7ffb5f4b9edb676091da2bf6dcc07579b919d905cae8325ed08b4109ca426b8358f360ed41f292186ea244bfc6f4f960"
}
