Why Are There Only 21 Million Bitcoin and What Happens ...
Why Are There Only 21 Million Bitcoin and What Happens ...
Why is Bitcoin’s supply limit set to 21 million? » Earn ...
The 21 million Bitcoin story explained: Why is the number ...
economics - Why was 21 million picked as the number of ...
What Happens to Bitcoin After All 21 Million Are Mined?
Bitcoin Versus Ethereum: Room For Both?
Ethereum has increasingly become a problem for the Internet’s millions of Bitcoin faithful. It goes against Bitcoin maximalist dogma, for one thing:if the 21 million eventual total Bitcoins in the world are the only genuine,useful well-supported cryptocurrency.. and if everything else is imitative manipulated, then what is this thing Ether,and why are all the Ethers in the Ethereum collectively valued at US $894,488,591 today,even hours after Bitcoin’s block halving went off without a hitch.
If a million people gave a dollar to someone, they could be a millionaire. We are an embodiment of this showerthought: https://redd.it/2mq94c Additionally, you can join our mailing list for monthly reminders at send.redditmm.com
If a million people gave a dollar to someone, they could be a millionaire. We are an embodiment of this showerthought: https://redd.it/2mq94c If you are looking for the Drawing Threads, head to /millionairemakers
Why do people get so excited to be in the 1 in 21 million bitcoin club? The vast majority of people living in 1st world countries and especially the cities can afford to buy the equivalent of 1 bitcoin
Why do people get so excited to be in the 1 in 21 million bitcoin club? The vast majority of people living in 1st world countries and especially the cities can afford to buy the equivalent of 1 bitcoin so you have just accomplished what millions of people can easily do tomorrow if they felt like it yeah maybe that bitcoin will be worth 1 million one day, but unless your are JM, the vast majority of people here do not believe that will happen any time soon if you are in a 3rd world country then yeah that is a pretty good accomplishment, but other than that, millions of others can easily do it if they just felt like it edit 1: ok you guys are correct, the VAST MAJORITY dont have 7500 usd to spare, but still, millions do have that amount in major cities, that is only 2 or 3 months rent in some major cities, so it is not even a huge deal yet to have 1 bitcoin,
09-26 20:03 - 'Why is the total number of bitcoins 21 million?' (self.Bitcoin) by /u/24mex removed from /r/Bitcoin within 3598-3608min
''' Mr. Nakamoto failed to mention in all his public statements why the number was chosen, and a torrent of speculation and logic sprang up online. How did 21 million come about Choose 21 million real reasons  20999999.97690000 bitcoin outbreak timeline: Choose a few heart to decompose this watch below. The creation block was born at 18:15:05 GMT on January 3, 2009.The creation block is numbered 0.From "stage 1" at the beginning of the creation block, 50 new bitcoins burst out of each block.  the target height is 210000210000 block Halving every four years is not a very dignified statement.The bottom line: bitcoin erupts roughly one block every 10 minutes, and 210, 000 10 minutes every four years.This must be the number that satoshi nakamoto USES in particular. The outbreak will halve for the second time in 2016, but it is too early to plan for now.You're talking about 2016 blocks. Difficulty arrangement topic spread to dig ore, since again all together decompose. There are many theories in the collection, some reliable, some unreliable but very enjoyable.
It’s the first half of the answer: 42.翻译：因为21是最后谜底42的一半。天然，他是启打趣的。然而，尔部分最喜佳这个推测，这也是reddit里顶的人最多的。直接瞅视频吧（找了一圈，惟有youtube上有剪辑，所以俺加了字幕搞过来）：Because we’re living in the 21st century!翻译：因为咱们生计在21世纪！【谜底3】There is a general answer.Many of nakamoto's USES in bitcoin are really lucky, but "lucky in view of the smell".
All gold mined in human history can be fit into a cube roughly 21 meters on each side. Satoshi created bitcoin with the idea of being sort of a digital analog of gold (finite supply, mining, etc), as well as the fact that it built upon Nick Szabo’s “Bit Gold” proposal, so I think that 21 million was sort of a clever nod to that.翻译：全天下一切黄金熔在所有，是一个边长大概为21米的正方体。中本聪用这个观念，隐喻比特币是一种假造黄金。【谜底5】
Does god play dice?
The estimator can store at most 2^53 precision double - precision floating point Numbers.The total accuracy of bitcoin in the smallest unit is 2^51, which is just fine.(English is too long to paste)Carefully:[answer 7]This is the most reliable answer to the question, because satoshi nakamoto's past remarks may be seen that he is not a perfectionist, but an applicationist.
This means, that if predicting M1 over the next decade (from 2009 to 2019), there would be an expected M1 of 2.1 trillion USD, at which point 90% of all bitcoin will have been mined. Because Bitcoin is designed with an 8 decimal fraction system, the 21 million total BTC can actually be expressed as 21,000,000.00M = 21,000.00Billion = 21.00Trillion. The 21 million supply cap is Bitcoin’s best-known feature. And this hard cap cannot be changed as it is part of Bitcoin’s core features and code. In other words, crypto inventor Satoshi Nakamoto set a monetary policy based on artificial scarcity at bitcoin’s inception that there would only ever be 21 million coins in total. Why this number so crucial is a question many investors ask and the importance of having 21 million BTC pieces as the maximum cap. How to calculate the 21 million Bitcoins figure Bitcoin’s whitepaper offers three crucial phrases that point out the calculation of the ‘mysterious’ 21 million figure. Some believe that Bitcoin‘s 21 million limit was arbitrarily set by Nakamoto when he made two key decisions. That Bitcoin should add new blocks to its blockchain every 10 minutes (on average) and that the reward paid to miners halves every 210,000 blocks – roughly every 4 years. The initial reward for miners was 50 Bitcoin for each block mined. We now know why there's a limit on the number of Bitcoin, but why 21 million? According to an email shared by early Bitcoin developer Mike Hearn, the figure was "an educated guess." Nakamoto said ...
Could There Ever be MORE Than 21 Million Bitcoin!?
What would happen when all 21 million bitcoins have been mined? ( r/BitcoinBeginners Reddit ) subreddit: r/BitcoinBeginners BTCbrain's Reddit Playlist:... This means that after we reach 21 million bitcoins, there will not be any further bitcoins ever mined. This limited amount of bitcoins is one of the reasons cited behind the rise in the price of ... You've probably heard that there will only ever be 21 million Bitcoins, but most people don't understand why that number exists, and why more can't be printed. In this video, shot at Mueseum park ... What happens to Bitcoin miners once all 21 million bitcoins have been mined? - Duration: 5:54. Blockchain Institute of Technology 965 views. 5:54. WHY WILL THERE BE ONLY 21 MILLION BITCOINS? - Duration: 3:42. Inchained 1,210 views. 3:42. Language: English Location: United States Restricted Mode: Off History Help