Title: 1,415,477,500,000,000 Bitcoins Post by: EBK1000 on May 13, 2015, 06:22:34 AM How many Bitcoins really exists? It was just a question
Title: Re: 141,547,750,000,000 Bitcoins Post by: el kaka22 on May 13, 2015, 06:28:31 AM As what I know now that there will be 21M BTC (or 2100 trillion satoshis) at the end. I would say the there is 21M of coins at the end.
P.S. OP, 1 BTC = 100,000,000 satoshis, not 10,000,000! Title: Re: 141,547,750,000,000 Bitcoins Post by: Lauda on May 13, 2015, 06:29:42 AM What are you talking about? Has your school system not taught you the units of measurement and metric prefixes?
A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC. That is the hundredth of millionth part of BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed. 1 BTC = 1,000,000 μBTC (microbitcoin) 1 BTC = 100,000,000 Satoshis 1 mBTC = 100,000 Satoshis 1 μBTC (microbitcoin) = 100 Satoshis There are only going to be 21M BTC, however there will be 21M x 10^8 satoshis. Bitcoin =/= microbitcoin =/= satoshi. OP: to realize the dumbness of your question here is an example. How many Gigabytes are there in a terabyte? It can't be 1024 because it can be divided. Wouldn't it be 1,048,576 units, or maybe even 1,073,741,824? Title: Re: 141,547,750,000,000 Bitcoins Post by: louise123 on May 13, 2015, 06:44:00 AM How many Bitcoins really exists? Coinmarketcap says that there are 14,154,775 Bitcoins in existence today, but 1 Bitcoin can be divided into 10,000,000 discrete units, 0.00000001 BTC, so does that not really mean that there are 141,547,750,000,000 Bitcoins, or 141 Trillion units of Bitcoins that can be handled independently and sold? Any thoughts? I am not sure if you are trolling or if you bought that account. As a senior member you should have known that by now, so my guess is that it's a bought account. Title: Re: 141,547,750,000,000 Bitcoins Post by: Amph on May 13, 2015, 07:00:43 AM you are mistaken bitcoin with satoshi or bits(sometimes they call those in this way)
your numbers would be correct(besides the 10M which is wrong) if you was talking about satoshi 1 bit = 100 satoshis. Please don't make OP's head even more confuse with all the math and abbreviations in this topic in some site they call satoshi bits Title: Re: 141,547,750,000,000 Bitcoins Post by: gogxmagog on May 13, 2015, 07:16:22 AM Yeah OP
What you stated in your posting is like me saying that since a dollar can be divided into one hundred smaller units (pennies) that if I have a ten dollar bill I actually have $1000. I don't see what you think there is to discuss? Title: Re: 141,547,750,000,000 Bitcoins Post by: Omikifuse on May 13, 2015, 07:26:23 AM you are mistaken bitcoin with satoshi or bits(sometimes they call those in this way) your number would be correct(besides the 10M which is wrong) if you was talking about satoshi 1 bit = 100 satoshis. Please don't make OP's head even more confuse with all the math and abbreviations in this topic Title: Re: 141,547,750,000,000 Bitcoins Post by: BTCjust on May 13, 2015, 08:32:50 AM according to what you mean, if 1 dollar can be indived into 1,000 cent, that you have 1,000 dollar
so bitcoin(btc) is just a counting unit Title: Re: 141,547,750,000,000 Bitcoins Post by: ipbo on May 13, 2015, 08:45:00 AM There are 4 standard units of Bitcoin...
1 BTC = 1 Bitcoin 1 mBTC = 10^(-3) Bitcoin 1 µBTC = 10^(-6) Bitcoin 1 Satoshi = 10^(-8) Bitcoin Units of Satoshi 1 Satoshi = 0.00000001 10 Satoshi = 0.00000010 100 Satoshi = 0.00000100 1,000 Satoshi = 0.00001000 10,000 Satoshi = 0.00010000 100,000 Satoshi = 0.00100000 1,000,000 Satoshi = 0.01000000 10,000,000 Satoshi = 0.10000000 100,000,000 Satoshi = 1.00000000 Title: Re: 141,547,750,000,000 Bitcoins Post by: acquafredda on May 13, 2015, 08:49:37 AM How many Bitcoins really exists? Coinmarketcap says that there are 14,154,775 Bitcoins in existence today, but 1 Bitcoin can be divided into 10,000,000 discrete units, 0.00000001 BTC, so does that not really mean that there are 141,547,750,000,000 Bitcoins, or 141 Trillion units of Bitcoins that can be handled independently and sold? Any thoughts? The real question to be asked is: how many BTC exist outside the blockchain? And I'm talking about the BTC which are in the virtual books of exchanges, services, casinos etc. I think there are much more around Read the following... BTC Exchanges: their functioning and their way of using a fractional-reserve based mechanism https://bitcointalk.org/index.php?topic=945881.0 (https://bitcointalk.org/index.php?topic=945881.0) Title: Re: 141,547,750,000,000 Bitcoins Post by: HI-TEC99 on May 13, 2015, 10:00:39 AM At this moment there are 14,155,200 BTC currently mined out of the 21 million that will ever be mined. It was a big day when the currently mined total hit 14 million. There was a debate about how many of those had been lost due to people losing their private keys, but people could only speculate. The longer Bitcoins stay in the same address the more likely it is that the owner has lost his key.
https://bitcointalk.org/index.php?topic=109117.0 Title: Re: 141,547,750,000,000 Bitcoins Post by: EBK1000 on May 13, 2015, 10:12:05 AM At this moment there are 14,155,200 BTC currently mined out of the 21 million that will ever be mined. It was a big day when the currently mined total hit 14 million. There was a debate about how many of those had been lost due to people losing their private keys, but people could only speculate. The longer Bitcoins stay in the same address the more likely it is that the owner has lost his key. https://bitcointalk.org/index.php?topic=109117.0 I believe it was more a wondering in regards to the long term value of Bitcoin, whether the fact that there are trillions of units (I knew that they were called 'Satoshi') will impact on the value. Sorry I left a zero out and maybe it was a stupid way to put the question, the account is not sold however. Title: Re: 141,547,750,000,000 Bitcoins Post by: LiteCoinGuy on May 13, 2015, 03:08:49 PM note: Satoshi can print more BTC if he wants.
Title: Re: 141,547,750,000,000 Bitcoins Post by: fox19891989 on May 13, 2015, 03:22:32 PM How many Bitcoins really exists? It was just a question LOL, why you use this title and not sure the amount of current btc? 2 ways to get the amount, 1.see bloackchain.info, it will show you the current amount 2.see on the wallet, just type some commands you will know it. Title: Re: 141,547,750,000,000 Bitcoins Post by: LiteCoinGuy on May 13, 2015, 03:27:54 PM Blocks 356252
Total BTC 14.156M http://www.bitcoincharts.com/markets/currency/EUR.html Title: Re: 141,547,750,000,000 Bitcoins Post by: cellard on May 13, 2015, 08:44:39 PM How many Bitcoins really exists? Coinmarketcap says that there are 14,154,775 Bitcoins in existence today, but 1 Bitcoin can be divided into 10,000,000 discrete units, 0.00000001 BTC, so does that not really mean that there are 141,547,750,000,000 Bitcoins, or 141 Trillion units of Bitcoins that can be handled independently and sold? Any thoughts? The real question to be asked is: how many BTC exist outside the blockchain? And I'm talking about the BTC which are in the virtual books of exchanges, services, casinos etc. I think there are much more around Read the following... BTC Exchanges: their functioning and their way of using a fractional-reserve based mechanism https://bitcointalk.org/index.php?topic=945881.0 (https://bitcointalk.org/index.php?topic=945881.0) I do not understand the concept of "a btc outside the blockchain". Hows that even possible? Every bitcoin was generated by mining, which means every bitcoin's origin is in the blockchain. Title: Re: 141,547,750,000,000 Bitcoins Post by: QuestionAuthority on May 13, 2015, 08:51:56 PM How many Bitcoins really exists? It was just a question The short answer is 14,157,400 BTC in circulation right now. Eventually there will be 21,000,000. Estimates predict the final Bitcoin will be mined in the middle of the year 2140. Title: Re: 141,547,750,000,000 Bitcoins Post by: acquafredda on May 13, 2015, 08:53:35 PM How many Bitcoins really exists? Coinmarketcap says that there are 14,154,775 Bitcoins in existence today, but 1 Bitcoin can be divided into 10,000,000 discrete units, 0.00000001 BTC, so does that not really mean that there are 141,547,750,000,000 Bitcoins, or 141 Trillion units of Bitcoins that can be handled independently and sold? Any thoughts? The real question to be asked is: how many BTC exist outside the blockchain? And I'm talking about the BTC which are in the virtual books of exchanges, services, casinos etc. I think there are much more around Read the following... BTC Exchanges: their functioning and their way of using a fractional-reserve based mechanism https://bitcointalk.org/index.php?topic=945881.0 (https://bitcointalk.org/index.php?topic=945881.0) I do not understand the concept of "a btc outside the blockchain". Hows that even possible? Every bitcoin was generated by mining, which means every bitcoin's origin is in the blockchain. Please read the link provided and you'll understand what we meant by BTC outside the blockchain ;) Title: Re: 1,415,477,500,000,000 Bitcoins Post by: Cruxer on May 13, 2015, 10:28:51 PM There were many lost during early adoption. So currently there should be ~14 000 000 and in reality there are only ~10 000 000
Title: Re: 1,415,477,500,000,000 Bitcoins Post by: Amph on May 14, 2015, 07:03:50 AM There were many lost during early adoption. So currently there should be ~14 000 000 and in reality there are only ~10 000 000 then the today market price is even more of a joke, if we are with 33% less coins in circulation How many Bitcoins really exists? Coinmarketcap says that there are 14,154,775 Bitcoins in existence today, but 1 Bitcoin can be divided into 10,000,000 discrete units, 0.00000001 BTC, so does that not really mean that there are 141,547,750,000,000 Bitcoins, or 141 Trillion units of Bitcoins that can be handled independently and sold? Any thoughts? The real question to be asked is: how many BTC exist outside the blockchain? And I'm talking about the BTC which are in the virtual books of exchanges, services, casinos etc. I think there are much more around Read the following... BTC Exchanges: their functioning and their way of using a fractional-reserve based mechanism https://bitcointalk.org/index.php?topic=945881.0 (https://bitcointalk.org/index.php?topic=945881.0) I do not understand the concept of "a btc outside the blockchain". Hows that even possible? Every bitcoin was generated by mining, which means every bitcoin's origin is in the blockchain. those are fake bitcoin, a number just put on your exchange account by the owner, instead he is using your real btc to trade or general investments there are no bitcoin outside of the blockchain, but only blatant fake numbers of them Title: Re: 1,415,477,500,000,000 Bitcoins Post by: Troonetpt on May 14, 2015, 11:13:29 AM How many Bitcoins really exists? It was just a question 21000000, we all know this, but many coins have been lost, it never can be used again, so the amount is less than 21000000.Title: Re: 1,415,477,500,000,000 Bitcoins Post by: Lauda on May 14, 2015, 11:56:33 AM How many Bitcoins really exists? It was just a question 21000000, we all know this, but many coins have been lost, it never can be used again, so the amount is less than 21000000.21 000 000 is the planned supply. This number of Bitcoin won't be in existence before sometime in the year 21xx. Title: Re: 1,415,477,500,000,000 Bitcoins Post by: crazyivan on May 14, 2015, 12:44:01 PM 21 mill should be the cap. However, lots of BTC have already been lost due to hardware failures, lost passwords, etc. So I would say about 19 mil in total.
Title: Re: 1,415,477,500,000,000 Bitcoins Post by: pitham1 on May 14, 2015, 02:56:27 PM There were many lost during early adoption. So currently there should be ~14 000 000 and in reality there are only ~10 000 000 Notable cases include a guy who trashed 7,000+ bitcoins. http://www.forbes.com/sites/kellyphillipserb/2013/11/30/from-treasure-to-trash-man-tosses-out-bitcoin-wallet-on-hard-drive-worth-9-million/ There must be a lot of smaller cases like this, which don't get highlighted. |