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
2024-09-22 12:25:25Event JSON
{
"id": "853f54bc0bd974bb87f386ac073337914ab076c2b5f8f765abe2d61b23f8a871",
"pubkey": "e0893162d4045dd1113c6e1c29f70c47bb7461abed042b6c33308fe7d96d2502",
"created_at": 1727007925,
"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": "901c3e72e2a54e19c21199b005162c668211c6d9111595e49086cb843666f052814fc1bb82a797a3af3c1da0c194a4e0e8eb969f0d67caebd2a22545bbea6e1b"
}
