Bit root is explaining why there will only be 21 million bitcoin.
Block rewards every ten minutes halving every for years is an infinite sum tending to that 21m supply. In fact a few sats less due to rounding errors.
She explains why bit shift in the code is the same as halving due to the way binary number representation works.
The code stops shifting at 64 halvings , despite the fact the reward will be zero after 32. This is since c leaves 64 bits shifted off a 64 bit number as undefined.
But could the code just be changed? No. The source code maintainers could try, but node runners would refuse the update, it being against their financial interests to do so. Even if some nodes did do, you on your own node can resist.
When people created forks with more supply, the market sent it's price to zero.
#bitfest #bitcoin
