The block rewards resets to 50 every 256 years making the supply grow indefinitely, forever.
lol. no it doesn't is it April already? This isn't a joke. Satoshi made a mistake in the code that causes the block reward cycle to repeat itself every 256 years. well first of all post the link to the lines of code that you think are doing this. secondly even if there is such a thing in the code (which i seriously doubt it), it is a bug. and bugs don't define bitcoin. they will be fixed and removed. just like the inflation but that bitcoin experienced in early years. that didn't change anything about the supply even though the bug existed. Fixing this bug correctly would require a hard fork which is not happening anytime soon! int64_t nSubsidy = 50 * COIN;
// Subsidy is cut in half every 210,000 blocks
// which will occur approximately every 4 years.
nSubsidy >>= (nHeight / 210000); The block number is divided by 210000 (the "apparent" subsidy halving interval in blocks), and the result is used as input for a binary shift, applied to the original payout (50 BTC), expressed in base units. Thanks to the new-goldmine interval being exactly 64 times the halving interval, and 64 being the size in bits of the currency datatype, the cycle repeats itself every 64 halvings. |
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The block rewards resets to 50 every 256 years making the supply grow indefinitely, forever.
lol. no it doesn't is it April already? This isn't a joke. Satoshi made a mistake in the code that causes the block reward cycle to repeat itself every 256 years. |
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We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?
What's your opinion about this?
In 2140 the block reward resets to 50, meaning BTC's inflation continues growing indefinitely, forever. |
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Contrary to popular belief, Bitcoin does NOT have a cap of 21 million coins.
The block rewards resets to 50 every 256 years making the supply grow indefinitely, forever.
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Strangely James Bilal Caan claims that he was the founder of bitcoin.. But lost his hard drive.. Is this possible??
What you guys think about James? Why he use this type of statement.. Specially his explanation about his hard drive?
Dave Kleiman and Craig Wright are the founders. Dave was the tech guy and Craig the author of the Satoshi bitcointalk.org posts. How do you know this? Dave Kleiman died. His brother made a complaint against Craig Wright regarding 1.1m bitcoins: https://www.scribd.com/document/372465601/ComplaintRight. Dave did most of the mining then Craig screwed up and lost access to the private keys after he died. |
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We have a nice Bitcoin ATM in my hometown of Asheville, NC at Firestorm Books!
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Strangely James Bilal Caan claims that he was the founder of bitcoin.. But lost his hard drive.. Is this possible??
What you guys think about James? Why he use this type of statement.. Specially his explanation about his hard drive?
Dave Kleiman and Craig Wright are the founders. Dave was the tech guy and Craig the author of the Satoshi bitcointalk.org posts. |
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There are two primary reasons.
1. No central authority to inflate the supply.
2. No intermediary. Transactions are like cash.
These two characteristics will eventually cause the obsolescence of Fiat currencies.
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The only thing that can stop Bitcoin is keeping the blocks at 1 MB and forcing txs onto regulated off-chain networks. Satoshi understood that the only way to beat the banking system was via miners and on-chain scaling.  Unlike miners, LN node operators are considered custodians of funds and will eventually be subject to the same KYC/AML requirements as money transmitters. |
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Altilly exchange will support the Reverse Bitcoin Hard Fork?
Yes. We are also working with Altilly to promote the RBH. There will be a big Altilly promotion starting Nov 1st! |
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Nice. Could you please change GLD to GLC? Thank you! |
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sorry folks noob question. but is this a POS coin. thank you
Sexcoin is a merged-mined PoW coin. |
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which exchanges will support the bifurcation?
The development team will publish a list of supported exchanges 2 to 4 weeks before the execution of the hard fork which is currently scheduled for Q3. |
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Occasionally discovered GLOBAL COIN, are we trading GLC or GLD now?
The Goldcoin ticker symbol was updated to GLC several months ago. Goldcoin is not traded on Yobit. |
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Any blockchain that is not the bitcoin blockchain itself is a very big scam to me and I just see it as a way people are trying to make free money all in the name of achieving satoshi vision of blockchain, bitcoin cash was the first coin that came up with the idea that bitcoin is no longer following satoshi vision since segwit was going to be implemented then, but why is bitcoin cash now, nowhere to be found because it was just a means to get free money.
Other than contributing to total crypto space's marketcap, I am not seeing anything positive with these things to crypto community. Due to continuous pumping and dumping, like XRP BCH is trying to find a good place among investors and traders but not sure how much successful it is in terms of having continuous institutional investors.
What do you mean, "Bitcoin Cash is nowhere to be found"? And it wasn't the first to realize that BTC was forced/tricked into small blocks. As far as I'm concerned, Bitcoin is no longer the protocol introduced by Satoshi in 2009. And it's not the original Bitcoin. |
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Have you looked that the small print in their TOS? Is there any reason within their TOS for them to disable your account? bittrex are known crooks for stealing peoples coins/freezing accounts without just cause/selling personal information on the darkweb...  ~you new here bruh? I had my own share of problems in 2017 with having my account disabled and not getting any help from the support, but I somehow made it work to get my coins out of that shitty site. But stealing coins and selling personal info on the darkweb , is that sarcasm or do you have any proof for that? they stole my coins maliciously and do your own research into this group they closely tied in with the cryptopia movie unfolding as well..stay tuned.  #popcorn Bittrex is not tied in with Cryptopia. This type of FUD is why no one takes this forum seriously these days.  |
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Why bitcoin is successful? Why no other crypto currencies are able to even come closer to it? We often look for the answer of these questions. The twitter handle of CryptoKanoon answered it and I can't resist myself from sharing it with the fellow community members. The tweet says, No head
No funding
No employee
No PR agency
No Social media
No advertisement
No board meetings
The only reason which made #bitcoin succesful was the purpose and that was to help people overcome their sufferings. I don't think of anything better can be answered against those above mentioned questions! Want to beat it?? Original content link: https://twitter.com/cryptokanoon/status/1132223935058042880It's called first-mover advantage. But the 1 MB block issue will ultimately be the currency's undoing. |
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We don't need to ask anything because Satoshi is living his own life peacefully. No matter what his personality and identity is, he has done his part and that's already enough for us to respect his choice to escape media. If I were Satoshi, I will do the same thing as well.
If Satoshi is still of this earth. You know... he could have died and taken his private keys with him. |
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Is this what you were talking about? https://www.goldcoin.org/fork_faq.htmlIMO this is most likely a scam. There is no such thing as " Reverse Bitcoin Hardfork (RBH)" I think the motivation of this GoldCoin is to merge its holders' UTXO with Bitcoin holders' UTXO. I bet GoldCoin has significantly more circulating supply than Bitcoin that will render the airdrop holder (from Bitcoin) practically insignificant. This isn't a scam. A group of old-school Bitcoin developers is hard forking the BTC blockchain to increase the blocksize. But unlike BCH, we're keeping Lightning. The Goldcoin UTXO set import is the cost of acquiring the brand. I've written a short Medium article that explains it: https://medium.com/@microguy/the-reverse-bitcoin-hardfork-explained-e723cb9b09f2 |
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