Post
Topic
Board Economics
Re: Hmm... is it time to crash BTC exchange rates yet?
by
jml
on 26/05/2013, 19:35:25 UTC

If btc was limitless, then there would be no need for hoarding...


But it is limitless!...

You are wrong, it is limited and finite by issuing 21 million coins in its lifetime.

Quote
"Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free"

http://bitcoin.org/bitcoin.pdf

Halving of rewards occurs every 210,000 blocks being solved, see geometric equation:
http://bitcoin.stackexchange.com/questions/161/how-many-bitcoins-will-there-eventually-be