Dear Nostr,

Merry Christmas. I hope you had a good year. I hope you'll have some time to slow down, reflect, appreciate the good things in life, and spend some quality time with your loved ones. Life can be rough sometimes, but it can be beautiful too. It mostly is, I believe. And Christmas is a good time to celebrate that. The good times. Family. The return of the light. 🎄

Peace & Love

Can you expand?

Drop your number 1 reason for running Core v30 or Knots 👇

Logically Knots makes more sense to me, but trying to listen to both sides. And it could be helpful to others who are less technical (like me).

I feel like there's a ton of shit being thrown around on YT and X from both sides of the aisle.

But I am very interested to hear nostr's perspective.

This is the most intelligent group on the planet so I think it will be useful.

Core or Knots, and what's your logic?

#asknostr

GN

This house water softener continues to be amazing. Such a boost for skin and hair.

If this whole bitcoin thing ends up not working out, then rather than working at McDonald’s I’m going to go into the water softener sales business!

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GM

GM

GM

GM

GM

As of August 2021, the total number of Bitcoins that have been mined is around 18.8 million. The current block reward for miners is 6.25 BTC, and assuming an average block time of 10 minutes, the network issues around 900 BTC per day. Additionally, the network collects transaction fees from each block, which vary depending on the number and size of transactions.

It's difficult to give an exact figure for the total issuance considering block fees, as the amount of fees collected varies from block to block. However, as a rough estimate, the total issuance of Bitcoin including block rewards and fees is currently around 18.8 million + (900 BTC x 365 days per year x number of years since Bitcoin's inception) + total fees collected to date.

Well, technically, block fees are not a part of the 21 million hard cap that applies to the total number of Bitcoins that can be mined. Block fees are additional incentives that are paid to miners for processing transactions on the Bitcoin network. However, the total number of Bitcoins that can be mined is capped at 21 million, and once all of them have been mined, the only incentives for miners will be the transaction fees. So, in a way, you could say that block fees are indirectly related to the hard cap.