Monday, 1 July 2019

Halving Scarcity Calculations

Fact: There will only be a total of 21 million bitcoins.

Fact: Before the end of this year (2019), there will be 18 million bitcoins in circulation.

Fact: In 1 year the 3rd halving will happen and

[a] 88% of all bitcoins ever to be created will be in circulation

[b] the reward for mining drops from 12.5 btc to 6.25 btc

[c] the final 12% of bitcoins will be slowly released over the next 120 years

People will look back at 2019 and say "damn, miners were flooding the market with coins every day (1,800/day). Wish I bought then!"

Shit's about to get real scarce over the next 5 years

submitted by /u/guttersnipe098
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