<blockquote>
  <p>Just tell me how do you make it a currency of the future if most of
  the people (there is 7.5 billion of them on the Earth, you know?)
  cannot have even a single bitcoin? And, you need much more to make
  operations with that. Do yo permit fractional coins?</p>
</blockquote>

<p>There are already fractional coins (called Satoshi) available. 1 BTC equals 100.000.000 Satoshi and therefore there are a lot more units available to split among people.</p>

<blockquote>
  <p>What does it mean that you "reward" the miners? You say that you call
  it "mining" to draw the analogy with gold mining. How do the hell you
  reward a successful gold miner? Do you gift him additional gold?</p>
</blockquote>

<p>There are two types of rewards: <br>
One is <a href="https://en.bitcoin.it/wiki/Controlled_Currency_Supply" rel="nofollow">limited</a>, it once started at 50 BTC per block which the miner got when he found the block. This reward is halfed every 210.000 Blocks and therefore it will be 0 one day (around 2140).<br>
The second reward are the <a href="https://en.bitcoin.it/wiki/Transaction_fees" rel="nofollow">transaction fees</a>. To give a transaction a higher priority you need to add fees on it. The miner which finds the block collects all of those fees as his reward.</p>

CC BY-SA 3.0
2014-08-08T10:54:54.830Z
2014-08-08T10:54:54.830Z
Dennis Kriechel
<blockquote>
  <p>Just tell me how do you make it a currency of the future if most of the</p>
</blockquote>

<p>No one owned ton of gold. But it didn't prevent gold to be means of payment throughout the millennia :)</p>

<blockquote>
  <p>Do yo permit fractional coins?</p>
</blockquote>

<p>Yes. 1 bitcoin = 100,000,000 satoshi</p>

<blockquote>
  <p>What does it mean that you "reward" the miners?
  How do the hell you reward a successful gold miner?</p>
</blockquote>

<p>The gold itself is a reward. Miners can trade it for other goods.</p>

CC BY-SA 3.0
2014-08-08T10:42:15.573Z
2014-08-08T10:42:15.573Z
amaclin
<p>Many questions say so. I do not understand anything what you say there about the <code>blocks</code>. Just tell me how do you make it a currency of the future if most of the people (there is 7.5 billion of them on the Earth, you know?) cannot have even a single bitcoin? And, you need much more to make operations with that. Do yo permit fractional coins? What does it mean that you "reward" the miners? You say that you call it "mining" to draw the analogy with gold mining. How do the hell you reward a successful gold miner? Do you gift him additional gold?</p>

<mining-reward><reward-schedule>
The number of Bitcoins in existence will never exceed 21 million
Val
# The number of Bitcoins in existence will never exceed 21 million

(Asked by: username_0 on 2014-08-08)

Many questions say so. I do not understand anything what you say there about the `blocks`. Just tell me how do you make it a currency of the future if most of the people (there is 7.5 billion of them on the Earth, you know?) cannot have even a single bitcoin? And, you need much more to make operations with that. Do yo permit fractional coins? What does it mean that you "reward" the miners? You say that you call it "mining" to draw the analogy with gold mining. How do the hell you reward a successful gold miner? Do you gift him additional gold?

**Tags:** mining-reward, reward-schedule


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## 2 answers

### Answer by username_1 on 2014-08-08. Score: 3 | Accepted answer

> Just tell me how do you make it a currency of the future if most of
> the people (there is 7.5 billion of them on the Earth, you know?)
> cannot have even a single bitcoin? And, you need much more to make
> operations with that. Do yo permit fractional coins?

There are already fractional coins (called Satoshi) available. 1 BTC equals 100.000.000 Satoshi and therefore there are a lot more units available to split among people.

> What does it mean that you "reward" the miners? You say that you call
> it "mining" to draw the analogy with gold mining. How do the hell you
> reward a successful gold miner? Do you gift him additional gold?

There are two types of rewards:   
One is [limited](https://en.bitcoin.it/wiki/Controlled_Currency_Supply), it once started at 50 BTC per block which the miner got when he found the block. This reward is halfed every 210.000 Blocks and therefore it will be 0 one day (around 2140).  
The second reward are the [transaction fees](https://en.bitcoin.it/wiki/Transaction_fees). To give a transaction a higher priority you need to add fees on it. The miner which finds the block collects all of those fees as his reward.


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### Answer by username_2 on 2014-08-08. Score: 2

> Just tell me how do you make it a currency of the future if most of the

No one owned ton of gold. But it didn't prevent gold to be means of payment throughout the millennia :)

> Do yo permit fractional coins?

Yes. 1 bitcoin = 100,000,000 satoshi

> What does it mean that you "reward" the miners?
> How do the hell you reward a successful gold miner?

The gold itself is a reward. Miners can trade it for other goods.


---

