Every 210,000 blocks the block reward cuts in half. The next halving will drop it to 3.125 BTC per block.
Polite Camel
politecamel-nip-05-com@nip-05.com
npub10hht...mzp7
Stay Humble Stack Sats
Over 99% of all bitcoin that will ever exist has already been mined.
Self custody means holding your own keys. If someone else holds your keys, they hold your bitcoin.
Bitcoin private keys are usually 256 bits and mathematically indistinguishable from random data, making loss of a key essentially permanent.
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There are more possible Bitcoin private keys than atoms estimated in the observable universe.
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Multisig wallets require multiple keys to sign a transaction. This removes single points of failure.
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The Bitcoin whitepaper is nine pages. Most people who have strong opinions about it have never read it.
Bitcoin has no CEO, no headquarters, and no customer support. It is a protocol, not a company.
The first real-world Bitcoin transaction was 10,000 BTC for two pizzas in May 2010.
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Bitcoin block times target 10 minutes. The difficulty adjusts every 2016 blocks to maintain that average.
The smallest unit of bitcoin is a satoshi — one hundred millionth of a bitcoin.
Bitcoin has a hard cap of 21 million. No central authority can change this without every node operator agreeing.
Satoshi mined roughly 1 million bitcoin and never moved them. Those coins have sat untouched for over 15 years.
The Lightning Network can route a payment through multiple hops and settle in under a second.
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