[Chugalug] "Supplying the Mining World" -- Re: ButterFly ASIC Single

John Aldrich mrmaxx at spamcop.net
Mon Sep 2 14:49:55 UTC 2013


On Mon September 2 2013 8:13:32 AM Mike Robinson wrote:
> On Sep 2, 2013, at 7:00 AM, chugalug-request at chugalug.org[1] wrote:
> Re: ButterFly ASIC Single
> 
> In my library I have an excellent book, "Supplying the Mining World."  which 
> to me neatly sums-up how "Bit-con" actually works.  The people who really   
> made a fortune during the California Gold Rush days were hardware-store     
> proprietors, like Leland Stanford and Mark Crocker (who went on to do quite  
> well with the transcontinental railroad), and photographers.  Nearly all of  
> the hopefuls never made a dime, but they all bought shovels and sluice-pans  
> in the big city, and they all wanted to have their pictures taken.
>
Here's a serious question for those of you who know... I've heard that the 
supply of bitcoins is finite. I don't know how many bitcoins there are, but my 
question is, what happens when all the bitcoins are mined? Then what?


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