The block subsidy began at 50 bitcoin every ten minutes.
Every 210,000 blocks, the subsidy is cut in half until we reach just under 21 million bitcoin around 2139.
There are 144 ten minute blocks in a day.
52,560 per year.
210,248 ten minute blocks every 4 years, so we have a halving every 4 years and a couple days. The math is easier than it looks.
too complicated!! Bitcoiners have no empathy lol
A noob does not know the following words:
- block
- subsidy
just say that miners win a reward every ten minutes and that reward is cut in half every four years.... THEN get more complicated as the questions come in! :D
We have autism. I'm sorry if that makes things too complocated for you.
haha
(complicated *)
It is something I have noticed in Bitcoiners, the inability to "dumb things down". I remember when J.K.Rowling asked for someone to explain Bitcoin to her... omg the convoulted, tricky explanations that came out!! lol
