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Crypto question
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tmrand
Posted 11/22/2024 08:32 (#10978054 - in reply to #10977794)
Subject: RE: Crypto question



Southeast Colorado
ColoKansas - 11/22/2024 00:57


BTC has a finite supply.


I realize in theory it has a finite supply...............but as has been proven out, it's always divisible. You keep breaking them into smaller pieces. How much is .00000000001 of a Bitcoin worth?

As far as that original supply goes............the earlier ones were easier to mine out of the system. (Like back when my brother did it) Now it's been around long enough that it takes a LOT of computing power to extract them evidently.

I'm really not sure if all of the sudden one day the creators will say, "Hey, they're all gone now. The Bitcoin Mine is empty". I'm sure it's more complicated than that. Or else the money being spent on the mining process wouldn't be taking place. And it is taking place.
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