Bitcoin has 16 millions circulating supply, what am I missing?
Everytime bitcoin splits everyone gets an equal amount on each new chain. That's dilution. 100% dilution each time. There are now at least 3 splits so I was being generous with only 42 million. And more splits are coming. Bitcoin is being minted and diluted more than the Venezuelan trash bills. That's a simple and true fact that few seem to get. I got your point, but they are 2 different coins, I really don't think BTC has 42 million coins cause of the August's split, of course, people are different and they have different opinions, I respect your's, otherwise I wouldn't comment here. You are promoting IXcoin, I get that, but it's not going to happen. |
|
|
|
It looks like they want to destroy each other and at this point I don't see how it can be stopped.
What Bitcoin will be the Bitcoin if BTC and BCH will inflate and will begin to collapse?
Well, Ixcoin of course!  Ha ha Duh! 6 years at sub a dime with crazies screaming BUY BUY BUY, what's unfair about that? lol As you folks have seen in my comment - I was addressing inflation. IXCoin already has 21 million coins supply, 5 millions more than Bitcoin, so I know you are joking, just waned others to know as well. Where's the logic in that? Bitcoin has 42+ million coins and many more coming. Bitcoin has 16 millions circulating supply, what am I missing? |
|
|
|
It looks like they want to destroy each other and at this point I don't see how it can be stopped.
What Bitcoin will be the Bitcoin if BTC and BCH will inflate and will begin to collapse?
Well, Ixcoin of course! Ha ha Duh! 6 years at sub a dime with crazies screaming BUY BUY BUY, what's unfair about that? lol As you folks have seen in my comment - I was addressing inflation. IXCoin already has 21 million coins supply, 5 millions more than Bitcoin, so I know you are joking, just waned others to know as well. |
|
|
|
|
Sorry to interrupt the debate Gleb and Wiked, just waned to hear the crypto veterans opinion on a new factor that I noticed today.
Bitcoin was(and still is) great cause it didn't have an inflation problem. Now look at what it's happening now with the difficulty jumps up and down - miners get more BCH when it's difficulty lowers and they switch back to BTC when it gets higher.
Last 7 days miners got 64% more BCH than ever before.
Last 3 days (till 20 hours ago) they got 130% more BTC than they've mined ever before, at least this spring-summer.
With this, we've got a "bonus" of 10% transaction fee for btc and a lot of delay in transaction speed, didn't count it, I just see it is taking a lot longer.
Same with BCH, we had a few hours of blockchain almost fully frozen, no matter the transaction fee.
It looks like they want to destroy each other and at this point I don't see how it can be stopped.
What Bitcoin will be the Bitcoin if BTC and BCH will inflate and will begin to collapse?
|
|
|
|
Did you just give us the new idea of turning ethereum to proof of stake ? And it's a new thing and asking us about our opinions ? Mate I guess you're a little brand new or either too late to the party. Because this POS thing is supposed to come some time in the next year. And they've been talking about it for a long time now. Just try to google "eth turning proof of stake". POW or POS, ETH will always remain a shitcoin scam. I am astonished by the many ignorant/uninformed people that promote this 80% premined highly centralized scam.
Profits is what everyone cares about mate. I don't promote it but mine it and trade it. It gets me cash so I like it. I get that, profit is profit, I mined it as well for some time. What I don't understand is why the people are telling plain lies, invent bullshit stories "tuvemun", "it will overtake bitcoin", "is used by the Chinese government, Russian, US, by the Illuminati ffs". Profiting and promoting a scam makes you an accomplice, not an outsider. Are you mining it? Mine it silently, don't tell anyone! It's a shame to be involved in scams. |
|
|
|
Need eth coin info. What info do you need? Eth future is bright...
Maybe in another universe, where scams and shitcoin are highly appreciated. I think it will cross 1000 usd after the end of 2017
Of course you think so, you bought a huge(or not) load of this premined shitcoin, you can't think otherwise, you can't see the obvious, it is against your "investment". @Op, give me a brake, I am tired of this topics since your first comments on ETH on this forum, yes, I remember some of those in June, crying about it going down. |
|
|
|
|
POW or POS, ETH will always remain a shitcoin scam. I am astonished by the many ignorant/uninformed people that promote this 80% premined highly centralized scam.
|
|
|
|
|
You lost me at two giants.
It's one giant, BCH
And one scam, ETH
There is no competition here, never was or will be.
|
|
|
|
This may be a question off the topic but wouldn’t you have trust issue with crypto currency issued/controlled/sponsored/supported by government(not drawing any parallels with estcoins) to me it sound little bit like oxymoron .
I will have more trust issues with premined, centralized scam coins, created by anonymous people, rather than with one ruled by a government I personally voted for and I know who they are. |
|
|
|
|
Two months folks, and we will have equal BTC and BCH.
24 hours BTC was more profitable to be mined, now again BCH is more profitable, after 7 days my guess it will be twice as profitable to mine it and the miners will switch again to it, but this time, not only 44%, I suspect 70% to mine BCH in one week.
Meanwhile, the transaction fee and speed of our beloved BTC will only increase. Two month and the big pools(along with their merchants), will not only mine it, they will use it.
|
|
|
|
The product he made, talks about honesty, not his anonymity. Have you heard that most bitcoin wallet addresses can be traced to their owners? Also, have you heard that ALL btc wallet addresses can be untraceable? |
|
|
|
The product he made, talks about honesty, not his anonymity. |
|
|
|
|
Ripple... What a joke.
Highly centralized, fully premined, NOT MINABLE shitcoin!
|
|
|
|
|
At this point, i believe it is not important Nakamoto's real name. He proved even being anonymous that he is honest.
|
|
|
|
|
20 minutes ago, to pay for something, 0.15 BTC, the fee was 0.015 for regular transaction. 10%.
It's not only inconvenient, easier to just pay with the credit/debit card...
Lets wait for October.
|
|
|
|
The longest chain is 'Bitcoin'. Very soon, Bitcoin Cash will have the longest chain. They are making blocks about every two minutes now. Difficulty doesn't reset for some time. This means, they will make far more blocks than Bitcoin Core in the coming days and catch up. Even take over as 'the longest chain'. Does this make them the 'true' bitcoin as it clearly says in the white paper? Uh Oh. What do you think about that one? Just look at all those blocks! They have some serious hash rate now. http://blockdozer.com/insight/Since the difficulty is much lower for Bitcoin Cash, it can't be the "longest chain" simply by mining a shitload of easy-to-find blocks. It needs the most cumulative proof of work (that's how Bitcoin works). Technically, they aren't in competition because BCH is not "valid" per the whitepaper. Anyway, for BCH to have the most cumulative proof of work vs. Bitcoin, it will take quite a bit longer (given that we are already a few weeks out, and BTC still has a very significant majority hash rate). Coin Now 3h 6h 12h 1d 7d BTC 63.61% 63.13% 64.03% 65.06% 67.42% 79.63% BCH 36.39% 36.87% 35.97% 34.94% 32.58% 20.37% |
|
|
|
|
Many Russians are involved and most of them are shady.
Please show me a few genius Russian minds from crypto world. I know more Americans, English, German and even Chinese, Japanese genius minds in crypto, much more than Russians.
|
|
|
|
|
I bought 60% of my BTC into BCH, at 290$ per BCH, now that BCH is 650$, in just 2 days I made almost 150% profit, best trade deal I made so far.
|
|
|
|
|
Spoetnik has a very accurate response, I can confirm his words.
|
|
|
|
|
The Bitcoin Cash blockchain is currently operating at 7% of the original chain's difficulty.
It is currently 78.6% more profitable to mine on the Bitcoin Cash blockchain.
Fun huh?
|
|
|
|
|
Show Posts
