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Title: 2013-05-28 The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule Post by: bit777 on May 28, 2013, 06:44:20 PM Very interesting article:
http://www.thegenesisblock.com/at-this-rate-the-last-new-btc-will-be-issued-55-years-ahead-of-schedule/ I believe it can even happen faster. Title: Re: The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule Post by: data_teks on May 28, 2013, 07:04:55 PM Interest read. I kind of enjoyed this little part given how it was said in such a serious article:
"and Butterfly Labs supposedly, maybe, eventually delivering thousands of backordered units" Title: Re: The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule Post by: Gabi on May 28, 2013, 08:36:55 PM Interesting but it is not a problem.
Title: Re: The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule Post by: mgio on May 28, 2013, 11:29:57 PM Not gonna happen. The rate of mining increase is going to slow down. After ASICs, what new mining technology do you see will happen?
Title: Re: The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule Post by: grue on May 28, 2013, 11:33:47 PM >15 to 55 Years Ahead Of Schedule
>Ahead Of Schedule >Schedule >implying there's a "schedule" Title: Re: The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule Post by: kiba on May 29, 2013, 12:46:30 AM NO DATE?
Title: Re: The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule Post by: bb999 on May 29, 2013, 01:45:49 AM Interesting but it is not a problem. I would even call it good news because it is a function of interest in bitcoin and ongoing investment in the infrastructure Title: Re: The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule Post by: ShadowOfHarbringer on May 29, 2013, 08:51:38 AM NO DATE? Kiba, please ask admins about moderation rights in the "Press" section. I mean, seriously. Title: Re: The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule Post by: kjlimo on May 29, 2013, 12:45:41 PM NO DATE? Kiba, please ask admins about moderation rights in the "Press" section. I mean, seriously. +1 Well it took me a few minutes to find the articles fail assumption: Quote The chart below shows what would happen if the bitcoin network pulled 1% further ahead of schedule every year (i.e. 10 years forward is 10% further ahead of schedule) – a as has been the trend since 2010 Apparently, this guy never mined Namecoins before the merged mining took effect... it'll balance out eventually. I don't believe mining power will continue to increase forever... unless the value of bitcoins continues to increase forever... ok, so I guess it's possible. Title: Re: The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule Post by: Piper67 on May 29, 2013, 12:52:53 PM >15 to 55 Years Ahead Of Schedule >Ahead Of Schedule >Schedule >implying there's a "schedule" Well, there is a schedule, the article fails to understand that the schedule is measured in blocks, not minutes. Title: Re: The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule Post by: meowmeowbrowncow on May 29, 2013, 12:54:07 PM Would be interesting to observe any increase in deflationary forces - if it all - if currency population was matured. Title: Re: 2013-05-28 The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule Post by: kiba on May 30, 2013, 03:27:08 AM Date is fixed.
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