Bitcoin limited supply explanation (in a single screenshot)

in #bitcoin7 years ago

I have been recently asked why there are only 21mil bitcoins and how they are actully generated. It turned out I could not articulate it clearly within 60 seconds, especially the part explaining no hard-coded cap number.
Here is a hint:
BTC-supply.png

The real manifistation of "Software is eating the world" is this line: nSubsidy = 50*COINS which drives the current craze and frenzy.

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