Quote from: SomeoneWeird on June 14, 2011, 11:59:35 AM

Quote from: sciter on June 14, 2011, 11:24:25 AM

Quote from: CoolHand144 on June 14, 2011, 07:36:41 AM

Quote from: sciter on June 14, 2011, 06:49:23 AM

Quote from: kwhcoin on June 14, 2011, 03:38:04 AM

At the time of writing this I went to http://blockexplorer.com/q/totalbc and it showed 6532850.00000000. If you wait for a while and refresh the page you can watch it go up by 50 at a time. They have almost made 1/3 of all bitcoins that will ever be made.

How do you mean ''that ever will be made''?

This means that there will only ever be 21,000,000 bit coins on the market. This is how Bitcoin will stay rare and not just "print" itself into worthlessness.

So if the 21mil BTC are produced, the mining is over?

No, we still need to mine, because that's how transactions are recorded and verified. If there becomes so little btc in existance, we can move the decimal place, so 0.1btc = 1btc.

..having the same hyperinflation-effects if you just ''printed'' more coins?

sciter

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