Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: Why 21 million bitcoins? Why was ~that~ number chosen?
by
teukon
on 15/06/2015, 16:37:52 UTC
⭐ Merited by alani123 (1)
How did Satoshi Nakamura come up with 21 million, for his (their?) limit to bitcoin?

Satoshi Nakamoto settled on a target time of 10 minutes per block with an initial subsidy of 50 BTC set to halve once every 4 years.

4 years / 10 minutes ≈ 210 000
50 + 25 + 12.5 + 6.25 + ... = 100
210 000 * 100 = 21 million