Thread: Money Bitcoin Take?
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Old 12-16-2014, 06:33 PM   #125
Rausch Rausch is offline
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Quote:
Originally Posted by ChiefRocka View Post
In its totallity there will only ever be 21 million whole bitcoins ever "mined". They will be 99.99999% fully mined in the year 2140 or somewhere close. Each bitcoin is divisible to eight decimal places. .00000001 and that number is called a "satoshi" after its inventor. There is a strong push to make the number .000001 called a "bit" for easier public perception.

Its very nerdy at this point but time will take care of that as developers and such make using bitcoin easier and more mainstream.

Here is a nice introductory, short video.

https://www.youtube.com/watch?v=Um63OQz3bjo
Ok, so instead of "making" more bitcoins they'll just be sold in smaller parts.

So instead of going FIAT they sell in "Mills" or less. Pretty much dividing down?
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