FIAT currencies
vs Bitcoins

The chart in the link shows how new and new uncovered money is being released into circulation in the USA. In the last 13 years alone, since 2008, according to Bloomberg, a new $6.680 trillion has been "printed." Or in the words of nearly $7,000 billion. Of these, about 3.8 bilione between March and June 2020 as government support for the US economy during the pandemic.

Globally, more than $14 trillion was "printed" in 2020, according to Bloomberg. This is through the economies of the US, the Eurozone, the UNITED Kingdom, Japan, China, and 8 other developed countries.

How does this money printing story end? Most economists are inclined to silent and gradual inflation, because inflation is actually just another kind of taxation, one that does not need to be publicly announced and can be carried out without the conscious consent of the public.

How does the leading and most widely used
cryptocurrency Bitcoin come out of comparison with
world inflation currencies?

While both the world's currencies and the crown work in such a way that central banks can "print" them arbitrarily and do so, Bitcoin works quite the opposite. And that's why Bitcoin is nicknamed digital gold.

When we go back to gold and the reason why it retains value in the long run, it is because there is a limited amount of it on the planet , its remediation is becoming increasingly expensive and cannot simply be created or printed like today's money. And Bitcoin also works on these anti-inflationary principles. But unlike gold, Bitcoin has a final number of "coins" known, as well as the year when the last one is "mined."

So if we compare today's inflation money , which is printed and created more and more each year, with virtually unlimited amounts of it, then Bitcoin will be mined and mined less andless when the last Bitcoin is mined in 2140. In total, only 21 million Bitcoins will be in circulation. Between 2008 and October 2019 , 18 million Bitcoins have already been mined and the remaining 3 million will be gradually mined over the next 120 years.

While the financial crisis of 2008 and the reaction of governments around the world have caused an explosion in the printing of uncovered money, the pace of which is constantly accelerating and accelerating at a record rate in 2020, Bitcoin's source code contains an element quite the opposite, called Halving.

Halving is a process written in Bitcoin source code. Specifically, every four years, the rate of production is halved, which is the opposite of howtoday's money works. In 2009, 7200 BTC was mined daily, after half-time in 2012 it was 3600 BTC per day, from 2016 1800 BTC per day and from 11 May 2020 when the last half-hour was mined only 900 BTC per day.

With each Halving, "miners" receive only half the remuneration in the form of Bitcoins for the same "work". So how is it possible that the remediation pays off even after halving? What if gold miners mined only half the gold every four years with the same amount of work? And in the next four years for the same job, only half of that half?