Bitcoin

Think Bitcoin's supply cap is just speculation and Satashi is gonna delete your .0001 $BTC like JPMorgan? 

Anyone can prove that 21 million is a fact with some basic coding and math knowledge. It's all publicly available on GitHub. 

Let's break down the numbers🧵👇

Crypto techy person. Giving 1 SOL to 10 followers at 500 followers!

2/💡

GetBlockSubsidy Function Explained:

This function calculates the reward for mining a Bitcoin block. Initially, miners got 50 Bitcoins per block. This reward halves every 210,000 blocks, which takes about four years. This process is called 'halving'.

3/🧮

Halving Calculation:

The number of halvings is calculated by dividing the current block number by 210,000. For example, at block number 704,673, there have been 3 halvings (704673 / 210000 = 3).

4/⛏️

Current Reward: 

After each halving, the reward halves. So, after 3 halvings, the reward is 6.25 Bitcoins per block (50 Bitcoins halved 3 times).

5/🚀

Total BTC:

There's a finite limit to Bitcoin creation! The sum of halving rewards series equals 100. Multiplying this with 210,000 blocks for each halving phase, we reach a max cap of 21m BTC. This is a hard cap, unless a majority of the BTC network consents to a change.

6/6 This code ensures Bitcoin's scarcity and value. Now you've seen it yourself, it's not just a claim but a verifiable fact. 

Please use this new math power to onboard the wealthy masses who will buy our bags.

*generic closing hook to bait more interaction in the replies*

1/🔍

The Code: 

The code for calculating Bitcoin block rewards is here: Bitcoin GitHub - validation.cpp. It uses a function named "GetBlockSubsidy".