ROCKSTAR on Nostr: It's a formula for calculating the total supply of Bitcoin. The first symbol is for ...
It's a formula for calculating the total supply of Bitcoin.
The first symbol is for sum of 32 halvings
Then you have 210000 as constant for how many blocks (and coinbase transactions) you have per halvings
Finally you have how much Bitcoin is issued per coinbase reward in each halving.
So if you execute i as counter in sum (from 0 to 32) you get:
210000 * 50/1 (because 2^0=1)
+
210000 * 50/2
+
210000 * 50/3
+
...
+
210000 * 50/32
=
~21,000,000
ROCKSTAR (npub1j8y…vrvg) asking for a dumb friend... what is this math?
Published at
2023-09-22 15:33:20Event JSON
{
"id": "114a41511b0ec16b54be42c11282d5e59fb8e7f9fc06bc54de2cad96be699c71",
"pubkey": "91c9a5e1a9744114c6fe2d61ae4de82629eaaa0fb52f48288093c7e7e036f832",
"created_at": 1695396800,
"kind": 1,
"tags": [
[
"e",
"be13fb594bdc6fe5a1c61d2cf9f5af6fff6eddf86eba552da66be27c5ee7e472",
"",
"mention"
],
[
"p",
"c160a6cfb38c7d623b880ceb2dab820edb0f23248109bcd32e2a34d39146a795",
"",
"mention"
]
],
"content": "\nIt's a formula for calculating the total supply of Bitcoin. \n\nThe first symbol is for sum of 32 halvings\nThen you have 210000 as constant for how many blocks (and coinbase transactions) you have per halvings\nFinally you have how much Bitcoin is issued per coinbase reward in each halving.\n\nSo if you execute i as counter in sum (from 0 to 32) you get:\n\n210000 * 50/1 (because 2^0=1)\n+\n210000 * 50/2\n+\n210000 * 50/3\n+\n...\n+\n210000 * 50/32\n=\n~21,000,000\n\nnostr:nevent1qqstuylmt99acml958rp6t8e7khkllmwmhuxawj49knxhcnutmn7gusppemhxue69uhkummn9ekx7mp0qgsvzc9xe7eccltz8wyqe6ed4wpqakc0yvjgzzdu6vhz5dxnj9r209grqsqqqqqpygfs90",
"sig": "fd7a915d4606296f42442f76eebf71076fa450f1e7bb3919b11a8cc97d26e0d5e478a66e79238e8b605a4928c3d2e0c2d7a3b64c8a9292fca706cab16a33cba9"
}
