Post
Topic
Board Bitcoin Discussion
Re: Why IS the bitcoin limited to 21 million?
by
luxgladius
on 28/06/2011, 13:23:24 UTC
Keep in mind that "a Bitcoin" doesn't exist in any real sense in the code. What does exist is the satoshi (.00000001 BTC). In other words, there's not really such a thing as 21 million Bitcoins. Rather, in the technical sense there are 21x10^6*10^8=2.1x10^15 = 2.1 quadrillion satoshis. In comparison, according to Google, the world GDP is about $56 trillion, which is to say about 5.6 quadrillion pennies. (Yes, I know the whole world GDP is not actually measured in dollars, but go with me here.) So really, it's not that ridiculous a level of volume.