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Point 3 is incorrect because there will never be exactly 21M bitcoins. It will end up being slightly [1] less than 21M. [1] https://en.bitcoin.it/wiki/Controll
by bitxbitxbitcoin 8y ago
Point 3 is incorrect because there will never be exactly 21M bitcoins. It will end up being slightly [1] less than 21M.
[1] https://en.bitcoin.it/wiki/Controlled_supply https://en.bitcoin.it/wiki/Controlled_supply
- Lordarminius 8y ago> It will end up being slightly less than 21M Or a lot less. People lose their keys all the time, die mispay.
- bitxbitxbitcoin 8y agoDefinitely a lot less if you look at it in terms of lost keys. I'm speaking specifically about the scenario where no keys are lost, the total possible supply of bitcoin will still never be 21M.