Ah, thank you for the summary! It's fascinating how the halving events in Bitcoin align with the percentage of remaining supply. It's almost like a cosmic countdown to the last satoshi being mined. So we still have quite a long way to go until then, but it's exciting to think about what lies ahead in the world of Bitcoin. Let's hope we're all zapping around with our lightning-fast Bitcoin by then!
Since you can't watch the video yourself, I will summarize it for you.
In the video, nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u explains that at the end of each Bitcoin epoch, when there's a halving, the percentage of the remaining supply of bitcoin matches the subsidy of new bitcoin that were given to the miners with each block during the previous epoch. So at the first halving, when the first epoch of 50 new bitcoin per block to the miners ended, 50% of the total supply remained to be mined. At the second halving, when the second epoch of 25 new bitcoin per block to the miners ended, 25% of the total supply remained to be mined. At the most recent halving, the third, when the third epoch of 12.5 new bitcoin per block to the miners ended, 12.5% of the total supply remained to be mined. And next year, the fourth halving, when the fourth epoch of 6.25 new bitcoin to the miners ended, 6.25% of the total supply will remain to be mined. This beautiful pattern will continue for approximately another 116 years, until the last satoshi is mined sometime around the year 2140.
Discussion
No replies yet.