Well it could be an all '1' prefix? What do you want?

The idea here is that if you flip a coin and say head's is zero, then say you flip 20 coins what's the odd's of how ALL coins in a batch of 20, all turn up with head's? That's a well known math problem in probability, the the exact number of +51% flips required is a known-known. Thus the POW can be estimated upfront, and let the machines do the calc's. If you want the leading 30 to be zero, same deal it takes a little longer, more tosses.

KISS principal say's "Keep it Simple Stupid", I think that's what Satoshi had in mind here for his proof-of-work, a simple well known algo, and given that each sha256() call is essentially 257 random coin tosses, you can easily figure how many call's you have to make.

You could make this POW really complicated, but the question begs to be asked?? WHY?

One reason I think the POW could be made more complicated is to obsolete all the ASIC miners, say you wanted the 'lead' to be random sentence from the bible, now that would obsolete all asic boxes, but return mining to the cpus. Sort of the 1M monkey problem, if you put 1000Million monkeys on typewriters eventually one of them will write moby-dick ( well at least I'm Ishmael )

First rule of bitcoin, never mention 'Jack Ma' the owner of BITCOIN COMMUNITY, and head of Communist Party China. Never mentions the ties of Alibaba & Amazon, and that Amazon hosts this forum, but Alibaba owns BITCOIN +90% by virtue of owning BITMAIN and a majority of chinese mining pools +90%

Well current situation reminds me of last Dec 2017, every negative post on this forum was deleted or poster banned, and that didn't stop the price fall,

So now we head towards xmas, and once again the 'gods' of this forum delete negative information on hopes that the collapse of btc to zero will cease.

Just pointing out the obvious that in the worse of times the 'gods' do the worst of things.

That the forum just be a 'confirmation circle jerk', as not to be the original goal of bitcoin, that now the only mission of this forum is price support it telling that China, Bitmain, Antminer, Alibab-Amazon OWN this forum. Note also this forum is hosted by amazon-aws, who work directly with Antminer which is owned by Jack Ma, a major share-holder of  amazon, richest man in china, and new head of chinese communist party.

This is another MORON theme here right?

As a matter of 'fact' bitmain ASIC antminer class machines are the 90% gorrilla who all along have had the BTC monopoly, and they all call home to MOM (CHINA)

+51% has been in the hands of Jack Ma ( alibaba ) and CCP for 4+ years, why would they wreck the golden-goose that brings real US dollars home to China??

The s-9 is already dirt cheap, but why buy it when you lose $2/day to run it, its just a load household heater, and only a moron would tolerate the 99db jet engine in his living room to heat his/her chinese flat

The deal is that all the mining hw is made by one chinese company, and they also own all the mining pools, so the entire narrative that 51% of good makes btc good is bullshit, as the chinese have had +90% under the house since 2014.

Fleeces hairlips in the west has made billion's of US dollars, hell lets remember that in the last few months close to ONE Trillion US dollars has 'evaporated' in crypto, that a nice way of saying the west is $1T fiat more poor, and the east is $1T richer to buy real-estate and gold from the west.

But talk of 51% when you ignore 90% is the ultimate example of the bitcoin community being a cult of morons.

Seriously, people don't understand 'tulip mania'

Mostly like SHIT-COIN's today,

There were very valuable 'bulbs' that rich people traded, who loved the flowers, and these bulbs were invaluable, not unlike 'real gold'.

But what happened was that 'morons' were taught that ordinairy onions were also the same as these 'bulbs', and thus onions were traded at the markets as 'tulip bulbs',

So I guess you could compare bitcoin and the shitcoin ( clones ) where BTC is the real 'tulip bulb', and the shitcoins are the onions that morons were trading

Eventually the mania ( for the public ) ended, but the rich kept on collecting exotic tulips,

The fact is that most of the 'public' never even saw a real tulip, they were just SOLD garbage, not unlike ICO's and shitcoin of today, the gardens of the rich, were never seen by the morons, they were private gardens of the most rich people in Europe.

Not unlike of when our morons here talk of 'whales'

Lastly, BITCOIN is also a shitcoin, she is the mother of +2100 shitcoins, only a mother can love her shitty offspring.

Mining at 0.10/kilowatt, essentially a dime per kwh will net your -$2 USD, .e.g. you lose two bucks a day when mining on an ANTMINER s-9, trouble is hardly nobody sells electricity that cheap, normal price is 0.15/kwh

Say you were a gold miner, if you can't get 2X of GOLD for expense then you close the mine, funny how the asshole here still with a straight face call it 'mining', when its in fact no longer profitable, and if it were 'mining', it would be 100% shutdown.

Now towards BUYING, that is a fools game, PAYING real money for random numbers was always a MORON-PLAY,

Mining back in the day, was ok, hell last year you could get 50 barrels of oil (value)  for 20 barrels of oil expended energy, say a 250% ROI, ok but now IT's GAME OVER as they say,

Lastly, everybody KNOWS that BTC is going back to $1k first, then $400, so why in the hell buy now, when you can wait, and accumulate later, just don't HODL, cuz the long term value is ZERO.

Well most of the Economists are saying a Trillion USD evaporated in the collapse of the crypto paraobolic-rise, IMHO the chinese who mined the majority, sold all along and pushed 'hodl' narrative, it would be interesting if the majority truly evaporated and or changed hands, I suspect that a lot did evaporate, as so much of the crypto wealth was funny numbers ran by exchanges, where they were buying/selling 'fiat crypto', meaning they where selling shares of bitcoin that they didn't actually own

I don't think any HODL-rs got rich, I think they got fucked, but certainly the CHINESE BITMAIN and friends made 100's of billions of US dollars, and used it to buy western real estate.

Agreed should say 'millenial hodl'rs

but there is a hard message that millenials are soft idiots, unlike the prior john-wayne era of 50's,

Its much worse,

The stock-market of 29' took 30 years to recover,

The gold crash of 1978-1982 took 20 years to recover,

HODL'r morons don't understand that these HUGE trillion usd parabolic-rises, takes generations for people to forget, and return.

BTC was always fucked, we all knew that, and we knew it would end this way,

Two or Three reasons

1.) No free electricity anymore in china, that door got closed last year
2.) Bitmain is giving away s-9s they have no value
3.) it now costs more to mine, than the what you 'win', running a s-9 miner right now means you lose $2/day, per machine,

Lastly, real miners only mine for a profit, only 'virtual miners' mine for a loss, just like HODL-ers hold 'virtual shit' and wait for a virtual gain.

These MINERS are the people with all the shit-coin,

They're the reason the entire space is down 90%, and they own +90%, when they're done, nothing left but HODL'ers, probably retarded white hairlips

Just like 51% bullshit, hell if you want to get technical, this site is hosted by amazon, which is tied to alibaba, which is owned by jack-ma, who owns all the pools and miners, and mining ops, if you want to get weird u might even want to speculate that this entire 'HODL' was orchestrated by the OWNERS all along, including the post 2014 "HODL" narrative.

Lastly, MINING is KAPUT, miners if they're smart sell because mining is no longer profitable, and it ain't mining anymore when your losing money, a 'real mining operation' only mines when he's getting more gold from the ground, than the cost to extract that gold, once he can't make 2x ROI the mine shuts down.

So now we can clearly see that running bitcoin 'miners' ain't mining, its just heating the house ( very inefficiently )


IMHO the chinese ultra-rich (jack ma) who own all the crypto's by the fact they own all the miners, have all along sold-out as they mined, but they told the HODL-HAIRLIP to HODL the bag, now with MINING DEAD, and game-over, the end is near

GOOD NEWS in case you didn't know, in the last two years BITMAIN pulled out of mining, and got into ML, now they sell cameras that read faces and ID people, and that is their biggest business in China, ... they also sell DRONES that do the same thing, and LEO runs them in USA, its a business for BITMAIN that's bigger than CRYPTO

It's over, but don't tell the HAIR-LIP, tell him to HODL to zero

Well everything eventually reverts to the mean, and $1200 is a good guess, BUT who is going to re-inflate the ponzi?

Is there really a fresh flock of NEWBS to scam?

Like somebody here said, the NEWBS last time didn't re-enter until $6k,  so our curreny newbs have already lost 1/2 their money, and those were the early noobs,

In 2014 btc was still a nerd thing, and a lot of nerds drove up the price, but in 2017 morons came in, and now they lost all their money

So on the next PUMP who in the hell are you people going to sell this shit-coin too?? I really want to know, are you just going to buy it yourselves??

The greater fool theory always has a time expiration date, and you always run out of fools with MONEY, IMHO that time of of the 'greatest fool' is now, and that be YOU.

The crypto market cap didn't lose a trillion USD in 2014, then it was a few million, this bitch ain't coming back.

Get over it, and deal with reality.

Where in the HELL is the new Trillion going to come from to blow the bubble next time? QE? Nada, that was a one trick pony uncle-scam played, and much of QE flowed to BTC and other shit-coins.

Little people clamoring for 'regulation', Ripple steps forward with corporate/fascist GOV 'regulation', Ripple becomes #1 last crypto standing, little people celebrate the loss of BITCOIN and the Freedom of Slavery.

IMHO Bitcoin never had a chance, it was proof of concept, it was first,  but somebody wanted to put a very bad taste into the mouth's of people who clamor for freedom, privacy, safety, security, and anonymity;

What has come out from the fall of BTC is a CALL for pure crypto-fascism.

Even the HODL-ers and normal speculators, a great majority on this forum say they don't care about basic rights, that only getting rich matters in life.

So there you have it a FASCIST GOV corporate/USA/CIA-NSA imperial power that promises you all to be rich, all you return is that you get on your knees and stay there.

"THE TAPE DOESN'T LIE"

Massive Volume and the Price is going down, the trend is Down

At the current price ($3400) we have only given back to Aug 2017 level, this thing will go back to Jan 2017, where the current parabolic-rise began, and that is about $1k, but the real support PRE-SCAM was $400.

"The Tape doesn't Lie", but BITCOIN pumper's just lie, or are they plain dumb, or a combination of all of the above?

https://coinmarketcap.com/currencies/bitcoin/

"HODL to ZERO, cuz a ghost name Satoshi wants to prune the flock"

Little people clamoring for 'regulation', Ripple steps forward with corporate/fascist GOV 'regulation', Ripple becomes #1 last crypto standing, little people celebrate the loss of BITCOIN and the Freedom of Slavery.

IMHO Bitcoin never had a chance, it was proof of concept, it was first,  but somebody wanted to put a very bad taste into the mouthes of people who clamor for freedom, privacy, safety, security, and anonymity; What has come out from the fall of BTC is a CALL for pure crypto-fascism.

BITCOIN is just software, the people who talk 'HODL' and pump btc post 2014 are the ponzi orchestrators, originally btc was just a test for crypto, but along the way assholes ( traders ) saw a way to make a quick-buck, "Turn shit into Gold"

All SCAMS end this way, why do you think this scam has an infinite horizon? Hell regulation is coming the scammers ( cockroaches ), will dissapear, for they fear JAIL.

'strong holder' - a person who HODL's to zero is STRONG ( Orwellian? just kinda sorta ), ignorance is strength, freedom is slavery, poverty is wealth(BTC)

'weak holder' - a person who takes his profits and buys on the dip

'smart holder' - a person who doesn't buy btc, or the HODL narrative

When BITCOIN falls to $400 people will be lucky

When Bitcoin falls to $100, people will wish it was $400

Who will continue to buy into a collapsing ponzi? I'm sure we'll still see the normal assholes here yelling "HODL" all the way to zero.

When BTC get's to $1, people will talk about $21k, and nobody will ever believe it was true.