Post
Topic
Board Bitcoin Discussion
Re: <Read>The Mathematical Significance Of 1 Bitcoin In Relation To Time.
by
stompix
on 08/08/2023, 02:24:16 UTC
In the first period, 50 Bitcoin are created every 10 minutes on average, 600 seconds, or 1 Bitcoin every 12 seconds. Every 12 seconds 0.0000000476% of the total supply.
Today in 2023, there are 6.25 new Bitcoin every 600 seconds, or 1 Bitcoin per 96 seconds. Every 96 seconds 0.0000000476% of the total. When the fourth halving arrives in a few months, it will take 192 seconds - 3 minutes and 12 seconds - for each new Bitcoin.

Actually, this is wrong.
The desired time between blocks is 10 minutes, but it doesn't really mean that it is achieved, in most epochs it is quite lower.
The average block time is 9.22 minutes right now since the first block, so on average 6% faster than normal.

Horrible things like man made devastating wars will hardly be feasible and affordable anymore, because Bitcoin is simply too rare to be able and willing to wage war with it.

Lol, yeah right, and by the 666 block of the 6th halving Jesus will come back to earth.
How could one draw such conclusions is beyond my capacity to understand human delusions!