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Title: Block 350,000 due in the next few hours Post by: keystroke on March 30, 2015, 06:55:35 PM 14 million coins here we come. Nobody notices in the media because people don't really know about the block reward schedule. It's too technical for most people, despite the fact that the having is such a major economic event. Their loss. Wild parties are brewing on the streets... the countdown has begun... 17 blocks remaining.
Remember the bitcoin reaches $1000 party in Germany? Maybe we should have a halving party instead. It can be more or less extravagant depending on the price of the coin at the time. ;) Title: Re: Block 350,000 due in the next few hours Post by: Somekindabitcoin on March 30, 2015, 06:57:22 PM Well, the halving isn't for another year so. . .
Why not have a 2/3 party? Title: Re: Block 350,000 due in the next few hours Post by: gentlemand on March 30, 2015, 07:17:38 PM Well, the halving isn't for another year so. . . Why not have a 2/3 party? There aren't enough tech parties out there. I had a Windows 7 party when it launched. It was a wonderful event that everyone will remember for the rest of their lives. I can't wait for Windows 10. All my friends keep badgering me. We'll check Windows 10 out, do some cake farting and then have a gang bang. https://www.youtube.com/watch?v=1cX4t5-YpHQ Remember the bitcoin reaches $1000 party in Germany? Maybe we should have a halving party instead. It can be more or less extravagant depending on the price of the coin at the time. ;) And wasn't that party if it stayed above $1000 for an entire month? I guess it hasn't happened yet. Title: Re: Block 350,000 due in the next few hours Post by: Pushtheghost on March 30, 2015, 07:19:32 PM 350,000 blocks... certainly an achievement. Quite an achievement too. Scary to think that bitcoin has been around for six-seven years though and already two thirds of the coins are in circulation, with only the final third ready to be released over the next 125 years.
Title: Re: Block 350,000 due in the next few hours Post by: Somekindabitcoin on March 30, 2015, 07:26:06 PM 350,000 blocks... certainly an achievement. Quite an achievement too. Scary to think that bitcoin has been around for six-seven years though and already two thirds of the coins are in circulation, with only the final third ready to be released over the next 125 years. I think that mining will start running obsolete by 2018 or less. Either the price has to increase, or we have 1w/PH. Otherwise, there will be no one mining those smaller fragments of bitcoin. Title: Re: Block 350,000 due in the next few hours Post by: randy8777 on March 30, 2015, 07:32:09 PM i see people always say one of bitcoin its main advantage is a low fee structure. but how will this still be the case once there is no more btc left to mine which means that the fees must go up significantly if price isn't high enough.
Title: Re: Block 350,000 due in the next few hours Post by: gentlemand on March 30, 2015, 07:39:23 PM i see people always say one of bitcoin its main advantage is a low fee structure. but how will this still be the case once there is no more btc left to mine which means that the fees must go up significantly if price isn't high enough. The theory is that values and transaction volumes will be considerably higher than they are now. I guess we'll need to assume there'll also be a different generation of machinery that doesn't require constant updating and tons of electricity and cooling. Title: Re: Block 350,000 due in the next few hours Post by: Somekindabitcoin on March 30, 2015, 07:44:07 PM Well, we may have more efficient nodes which is when it doesn't really matter. You could wake up 3 years from now with a portable node and you've made over 10 btc through fees.
Title: Re: Block 350,000 due in the next few hours Post by: Lauda on March 30, 2015, 08:18:51 PM 14 million coins here we come. Nobody notices in the media because people don't really know about the block reward schedule. It's too technical for most people, despite the fact that the having is such a major economic event. Their loss. Wild parties are brewing on the streets... the countdown has begun... 17 blocks remaining. People are more dumb than ever. There is nothing technical about the supply. It's like having 2 apples and adding 5 more in 10 days. Quite simple actually. Looks like 12 more blocks to go. We're going to reach it very soon, although I'll be sleeping by then.Remember the bitcoin reaches $1000 party in Germany? Maybe we should have a halving party instead. It can be more or less extravagant depending on the price of the coin at the time. ;) We definitely should make something big for the halving. The question is what and where? Title: Re: Block 350,000 due in the next few hours Post by: Raystonn on March 30, 2015, 08:59:30 PM 349,994
Title: Re: Block 350,000 due in the next few hours Post by: CryptoCanary on March 30, 2015, 09:02:37 PM Title: Re: Block 350,000 due in the next few hours Post by: Raystonn on March 30, 2015, 09:32:19 PM 349,995, and 349,996 just confirmed.
Title: Re: Block 350,000 due in the next few hours Post by: Meuh6879 on March 30, 2015, 09:45:37 PM Title: Re: Block 350,000 due in the next few hours Post by: Meuh6879 on March 30, 2015, 09:47:18 PM People are more dumb than ever. There is nothing technical about the supply. We are the evolution (of the society). We trust the job of the ledger. We reward miner for the job. We will win at the end (not so far ... now). Title: Re: Block 350,000 due in the next few hours Post by: Raystonn on March 30, 2015, 09:56:38 PM 349,999
Title: Re: Block 350,000 due in the next few hours Post by: coinableS on March 30, 2015, 09:57:29 PM 349999!! ;D We're almost there. Who's going to get the champagne ready?
Title: Re: Block 350,000 due in the next few hours Post by: Meuh6879 on March 30, 2015, 10:16:52 PM a long one ...
Title: Re: Block 350,000 due in the next few hours Post by: Raystonn on March 30, 2015, 10:17:30 PM The Blockchain is such a tease...
Title: Re: Block 350,000 due in the next few hours Post by: bitkilo on March 30, 2015, 10:18:31 PM BLOCK 350,000 JUST FOUND! by https://blockchain.info/blocks/F2Pool
Title: Re: Block 350,000 due in the next few hours Post by: Raystonn on March 30, 2015, 10:18:58 PM Block 350,000 confirmed. 14,000,000 Bitcoins of the total 21,000,000 that will ever exist have now been mined. Only 50% of the current Bitcoin supply can possibly ever be added to the market to dilute existing value.
Title: Re: Block 350,000 due in the next few hours Post by: coinableS on March 30, 2015, 10:20:07 PM 350,000!!!
I'm so happy I could cry!! http://img2.wikia.nocookie.net/__cb20120613043524/glee/images/1/1f/Happy_cry_.png Title: Re: Block 350,000 due in the next few hours Post by: Meuh6879 on March 30, 2015, 10:21:25 PM Title: Re: Block 350,000 due in the next few hours Post by: hdbuck on March 30, 2015, 10:27:26 PM 14 million coins here we come. Nobody notices in the media because people don't really know about the block reward schedule. It's too technical for most people, despite the fact that the having is such a major economic event. Their loss. Wild parties are brewing on the streets... the countdown has begun... 17 blocks remaining. Remember the bitcoin reaches $1000 party in Germany? Maybe we should have a halving party instead. It can be more or less extravagant depending on the price of the coin at the time. ;) https://i.imgur.com/gFTPwpu.png Title: Re: Block 350,000 due in the next few hours Post by: nachoig on March 30, 2015, 10:34:40 PM People here are forgetting the block #0. So, the block which bringed the 14 millionth bitcoin is the #349999. Title: Re: Block 350,000 due in the next few hours Post by: Raystonn on March 30, 2015, 10:36:38 PM I thought the Block 0 mining reward was not spendable?
Title: Re: Block 350,000 due in the next few hours Post by: gentlemand on March 30, 2015, 10:48:16 PM I thought the Block 0 mining reward was not spendable? Correct - https://en.bitcoin.it/wiki/Genesis_block https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa And that's really the only address people should be using for burning coins. I've never been too sure how the other ones could prove the private keys were lost. Title: Re: Block 350,000 due in the next few hours Post by: Raystonn on March 30, 2015, 10:50:18 PM I thought the Block 0 mining reward was not spendable? Correct - https://en.bitcoin.it/wiki/Genesis_block https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa And that's really the only address people should be using for burning coins. I've never been too sure how the other ones could prove the private keys were lost. Has anyone ever counted the provably-burned coins? Title: Re: Block 350,000 due in the next few hours Post by: gentlemand on March 30, 2015, 10:57:15 PM Has anyone ever counted the provably-burned coins? The two most famous is the counterparty one https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr that they used to issue Counterparty's currency in return for killing your BTC http://counterparty.io/news/why-proof-of-burn/ and bitcoineater https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE but I've no idea what purpose that served. I'm sure there are a few more official uses of them too. Title: Re: Block 350,000 due in the next few hours Post by: hdbuck on March 30, 2015, 11:06:09 PM Has anyone ever counted the provably-burned coins? The two most famous is the counterparty one https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr that they used to issue Counterparty's currency in return for killing your BTC http://counterparty.io/news/why-proof-of-burn/ and bitcoineater https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE but I've no idea what purpose that served. I'm sure there are a few more official uses of them too. crazy people. Title: Re: Block 350,000 due in the next few hours Post by: Kupsi on March 30, 2015, 11:14:01 PM I thought the Block 0 mining reward was not spendable? Correct - https://en.bitcoin.it/wiki/Genesis_block https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa And that's really the only address people should be using for burning coins. I've never been too sure how the other ones could prove the private keys were lost. It's only the mining reward that can't be spent. All coins sent there can be spent. Title: Re: Block 350,000 due in the next few hours Post by: gentlemand on March 30, 2015, 11:14:46 PM I thought the Block 0 mining reward was not spendable? Correct - https://en.bitcoin.it/wiki/Genesis_block https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa And that's really the only address people should be using for burning coins. I've never been too sure how the other ones could prove the private keys were lost. It's only the mining reward that can't be spent. All coins sent there can be spent. Oh. Silly me. I stand corrected. |
