Q.- What is Bitcoin?
A.- Answered by Der Gigi: Bitcoin is Money Plus Energy Plus Time Plus Information #Bitcoin @dergigi
Q.- What Makes Bitcoin Digital Gold And Why is it Absolute Scarcity?
A. - Simply Explained by Piecover
Bitcoin's design inherently limits its total supply to 21 million coins. This scarcity is a fundamental aspect that the world start to acknowledge, underlining a principle that is embedded in bitcoin's source code and very well documented in its whitepaper. The halving events — the periodic reduction in the block rewards for miners — further tighten this scarcity by halving the rate at which new Bitcoins are created every 210,000 blocks (approximately four years). This mechanism served to disperse the maximum number of bitcoins in the early years of the network's existence, and facilitated an efficient price discovery process. What's more, as issuance reduces, Bitcoin's position as a store of value par excellence increases proportionally. This year's(2024) halving will reduce Bitcoin's supply growth rate from 1.7% to 0.85%, dropping below that of Gold at 1-2% per year.
BITCOIN BASICS
Bitcoin Basics Part 1: For New Users; White Paper Explained; Blockchain Simulator; Bitcoin Node
