Really Only 21 Million Bitcoins? - Bitcoin-Minded Memo 5 #bitcoin #limitedsupply

How can it be that there will really only ever be 21 million bitcoins created? Who says? In this Bitcoin-Minded™ Memo, Pasco answers these questions for you.

If you know how to read code, the actual code from the Bitcoin software that defines this limit is pasted below.

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CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
// Force block reward to zero when right shift is undefined.
if (halvings = 64)
return 0;

CAmount nSubsidy = 50 * COIN;
// Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
nSubsidy = halvings;
return nSubsidy;
}

// consensusParams.nSubsidyHalvingInterval = 210000.