We have less than 21 million Bitcoin

Bitcoin total supply is less than 21million

By Ticktalker | ticktalker'sblog | 29 Oct 2023


Satoshi nakamoto the person or entity who led the revolution of finance anonymously left a lot of questions unanswered.

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Some of which include, who is he/she/they ?

Why has he chosen to remain anonymous and what is the true total circulation of Bitcoin that can exist because believe me when I tell you, it is not the 21 million you were told.

 

Satoshi Nakamoto saw the fault of finance in the hands of people on trust bases and how it lead to the housing crisis in 2008 and created a trustless, permissionless and decentralized financial system.

There have also been rumour, that just like the dark web, Blockchain was created by government organization like the CIA.

Many people don't know that the money in their bank accounts (if more than $250,000) is not insured in the case of a nation wide or global bank failure by the NDIC.

 

So who bears the blame for such case, it is you.

Satoshi wrote the Bitcoin whitepaper and published it in October 2008 as a peer to peer cash transfer system to solve this problem in a decentralized and secure way.

 

After bringing Bitcoin on-chain, Satoshi nakamoto mined 1.1 million Bitcoin and kept for himself, as at today, there are over 4 million Bitcoin forever lost during to poor storage of private keys.

 

There is currently 19 million Bitcoin miner so far of which 5.1 million have been forever lost.

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So if all Bitcoin are eventually mined and put into circulation, we will have 15.9 million tokens.

Hope you learnt something today, I am ticktalker and I always post crypto educative contents.

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Ticktalker
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I am a comic relief content creator and web3 enthusiast, I write contents to share things I learn and research about.


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