@FreeSmart Here's an explanation of the limitation. The algorithm is in the code somewhere. It's a very promising idea.

transactions - How many bitcoins will there eventually be?

bitcoin.stackexchange.com 07 Feb '13, 9pm

@FreeSmart Here's an explanation of the limitation. The algorithm is in the code somewhere. It's a very promising idea.

A pre-defined schedule limits the total number of bitcoins so that they gradually approach a total of 21 million (ignoring those that have been lost through deleted or misplaced wallet files). The limit of 21 million bitcoins is "hard-wired" in to the protocol , and there will never be more bitcoins than this:

Full article: http://bitcoin.stackexchange.com/questions/161/how-many-b...

Tweets

@nickterryva » 08 Mar '13, 4pm
@gemmahentsch @LawfulPlunder [link]
@LawfulPlunder » 08 Feb '13, 4pm
RT @nickterryva: @FreeSmart Here's an explanation of the limitation. [link] The algorithm is in the code somewhere. It's a very promising idea.
@AlexCourts » 07 Feb '13, 9pm
RT @FreeSmart: How many Bitcoins will there eventually be? How is the number limited? [link]
@FreeSmart » 07 Feb '13, 9pm
How many Bitcoins will there eventually be? How is the number limited? [link]
@nickterryva » 07 Feb '13, 9pm
@FreeSmart Here's an explanation of the limitation. [link] The algorithm is in the code somewhere. It's a very promising idea.
@LawfulPlunder » 08 Mar '13, 4pm
RT @nickterryva: @gemmahentsch @LawfulPlunder [link]

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