Author Topic: Is this really new gold?  (Read 2 times)

Offline administrator

  • Administrator
  • Newbie
  • *****
  • Posts: 31273
    • View Profile
Is this really new gold?
« on: December 06, 2018, 08:04:20 AM »
Interestingly, the maximum number of bitcoins is 21 million. This figure is recorded in the currency of its source code, and then the network gives rewards to people who provide computing resources. They are called miners, or miners of bitcoins.
Every ten minutes, one of the miners gets a certain amount of bitcoins. This award is created from the air and adds to the miner's Bitcoin wallet. At first it was 50 bitcoins, but it was halved every four years. They say the latest Bitcoin will be released in the middle of the XXII century.
Many economists regard this hard limit as an undoubted advantage. If you think that the key problem of the financial system over the past 100 years is that central banks print money, creating inflation, then Bitcoin provides an alternative economic system that will put an end to it.