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Fibrated ๐ŸŽฉ
@fibrated
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 numbers๐Ÿงต๐Ÿ‘‡
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Fibrated ๐ŸŽฉ
@fibrated
1/๐Ÿ” The Code: The code for calculating Bitcoin block rewards is here: Bitcoin GitHub - validation.cpp. It uses a function named "GetBlockSubsidy".
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Fibrated ๐ŸŽฉ
@fibrated
2/๐Ÿ’ก 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'.
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Fibrated ๐ŸŽฉ
@fibrated
3/๐Ÿงฎ 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).
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