w_s_bitcoin on Nostr: Ever wonder why there will only ever be 2,099,999,997,690,000 sats and not ...

Ever wonder why there will only ever be 2,099,999,997,690,000 sats and not 2,100,000,000,000,000 sats? It's because of the way the halving is executed, using a bitwise shift, and because there aren't sub-sat denominations on-chain.

Looking at how this affects the block rewards, we see there are 11 halvings where the block reward is rounded down to the nearest sat, meaning there are 210,000 * 11 = 2,310,000 sats that will never be mined as a result.

2,100,000,000,000,000
- 2,310,000
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2,099,999,997,690,000