All blockchains are math algorithms. Bitcoin is written in open source code and when Satoshi Nakamoto wrote the code he made it so the miners "reward" or free bitcoin in the solved blocks would be cut in half every four years. So in 2020 as more crypto users come into the market space and the supply of BTC being mined every 10 min gets cut in half. What's gonna happen to price? If bitcoin goes way up and Steem stays right where it is (.000412) then you have much more dollars here and Steem didn't even go up! Study it man it's important. Understand blockchain and pos/pow mining. Bitcoin is pow or proof of work mining.
What do you mean by "Bitcoin block half by 2020"? Thanks for helping a rookie in crypto!
All blockchains are math algorithms. Bitcoin is written in open source code and when Satoshi Nakamoto wrote the code he made it so the miners "reward" or free bitcoin in the solved blocks would be cut in half every four years. So in 2020 as more crypto users come into the market space and the supply of BTC being mined every 10 min gets cut in half. What's gonna happen to price? If bitcoin goes way up and Steem stays right where it is (.000412) then you have much more dollars here and Steem didn't even go up! Study it man it's important. Understand blockchain and pos/pow mining. Bitcoin is pow or proof of work mining.
@broncnutz I upvoted your post. I get to reward you for the free info that you have been giving me for years!
Cool stuff! I'm taking a coding course in the fall trying to get caught up! Seems like you know what your doing, thanks for the help!
Sweet!