Quote:
Originally Posted by Rausch
This is what I'm not understanding. I'm about as ignorant to bitcoin as a person can be, so be patient, but if there's a finite amount of it how will it ever become something everyone will buy/use?
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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