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Barking at the Bar King
A dog was barking
at the Bar King
There was no bitcoin
at that time
A man was talking
about banking
And the King was biting
his gold coins.
Then bitcoin was invented
and the dog bit its tail!
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...because biting coins is extremely useful and fun.  I didn't realize before that bit is the past simple of bite and that biting coins is extremely meaningful. Will.I.be... |
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There is nothing there. Is the website down?
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Bitcoins are not tokens.
The ledger - with replica in every node of the network - only manages transactions that take place between the public locker we call public address from which we keep a secret code we call private key.
As the values associated with a public address get to be associated with other bitcoin addresses we can keep track of these amounts as if they are tokens but actually they are not kept anywhere.
Only private keys are kept. They allow you to spend the bitcoins that entered circulation given as reward payments to those who secure the network validating and processing transactions.
Knowing the private key you can compute its public address in fractions of a second but the reverse - computing the private key knowing only the public key - is not possible as it would take countless years and would have to be done by an incredible imense amount of trial and error.
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Maybe you can put your domain to sell at Open Bazaar.
Or you could use my lottery system described in previous posts.
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I repudiate such a blocking, of this site, without any warning from the subreddit moderators.
I support this cause.
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Can the system intepret and round up mathematically that the smallest number which is 0.00000001 if divided by 2 will become zero. So here it can never reach the full 21mil. Ok most probably I'm wrong here. Can somebody provide a more accurate answer and explanation. Getting myself confused  if you round up you would exceed 21M.....we round DOWN, that's how it stays below 21M. It's not rounded. It's truncated. It's different. |
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We've been putting them up on YouTube and considerthis.com a little at a time. Not sure mine is up yet, but you're more than welcome to talk to me about it  Cheers mate! I will be in touch. You missed the "i" in spelling coinsiderthis.com  Please bring that video soon. Would love to watch it mate! |
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Wrong! If bitcoin was satanic I would have:
12 345 678, 666 666 21 BTC in my wallet.
Revelation 13:17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
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Per the rules of the protocol, and geometric progression, no amount of decimal places will result in accumulating more than 21 million, unless there is rounding (up), and even then it will take another thousand years.
I'm saying more than 20,999,999.99999999 not more than 21 million. I experimented with a script but one of my variables gets out of range... <!DOCTYPE HTML>
<html>
<body>
<script>
var total=0;
var block = 1;
var reward = 50;
var year = 2009;
while(total<20999999.99999999){
for(block=1; block<=210000; block++){
total += reward;
};
reward /= 2;
year += 4;
document.write('reward: '+reward+'<br/>');
document.write('total: '+total+'<br/>');
document.write('year: '+year+'<br/>');
};
</script>
</body>
</html> But I got to the conclusion we would need hundreds, if not thousands, of extra decimals and years of rewards. |
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Whales are not fish, bitch.
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There is just one question: how to reduce everything to Poetry and Mathenatics.
The Three of Life is beautiful.33CD.
This is... 4 BTcoiners!
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Yes, the rewards will always keep halving but the 8 decimals limitation truncates the total limit.
What I was wondering is how many more decimals we would need to surpass 20,999,999.99999999 BTC was reached.
Does anyone have an answer?
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Does anyone know of a video or audio file of the talk of Jason King (Sean's Outpost) at "Coins in the Kingdom". I'm really interested in it, as Meghan Lords said here: http://www.youtube.com/watch?v=djmXszyb5xA&t=3060sthat they are creating a revolutionary app to help feed the homeless. I'm really interested in this. Any info please. |
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Right now BTC has 8 decimals and can reach a maximum of 20,999,999.97690000.
What is the minimum number of decimals that BTC need to be able to surpass 20,999,999.99999999.
That is, for how many decimals would BTC have to be extended to so that the cumulative value could reach 20,999,999.99999999?
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I think fractional reserve banking should definitely be taught.
A bit of money history and concepts like gold standard, quantitative easing, etc., never hurts.
If we enter an era of full-reserve banking or worldwide banking collapse that will probably enter curricular teaching.
So I would say in 10-15 years time, we should start seeing bitcoin being taught and figuring in schoolbooks.
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