Riggs on Nostr: 50 #BTC mining reward, 10 minutes block confirmation time, and 4 years reward halving ...
50 #BTC mining reward, 10 minutes block confirmation time, and 4 years reward halving were fixed first. 21 million #bitcoin is the result of those 3 parameters. End of mining in 2140 is a result of the 8 digit precision. If you add 2 more digits, mining would continue another 24 years.
jack (npub1sg6…f63m) saylor (npub15dq…lm5m) Jeff Booth (npub1s05…eyhe)Published at
2023-12-06 21:31:28Event JSON
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"pubkey": "d65b3f47d33f22612a12239c229ad051908e32e83e92ee770c54e05513df99f1",
"created_at": 1701898288,
"kind": 1,
"tags": [
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[
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"content": "50 #BTC mining reward, 10 minutes block confirmation time, and 4 years reward halving were fixed first. 21 million #bitcoin is the result of those 3 parameters. End of mining in 2140 is a result of the 8 digit precision. If you add 2 more digits, mining would continue another 24 years. \n\nnostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe",
"sig": "fad6a1a786bac1937ab31fb30ae8ebf6fcc03f3a4cf77ba0bad5e82f872dfa744870655e2d0cd535d85188325ec7560328616e5a4172bd00e9e03980f97ee195"
}
