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Satoshi was clever when he created the blockchain. I'm sure that he calculated with Moore's law (I think that's the name, but I'm not fully sure) that the blockchain size will always be a small amount of data by taking in account that the hardware's capacity increases too.
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Without knowing the rate at which coins are lost, it is impossible to know if coins are being lost faster than they are created. Eventually, no more coins will be created so there will be a point at which the number of coins will begin dropping.
Actually, you can be sure that more coins are created than lost, because if 25 bitcoins were lost each 10 minutes, the supply would not increase and the price would skyrocket. |
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Well you guys have no idea what you're talking about.
Remember the days when the fastest computer was 1Hz and the entire operating system was 10kb ?
You know that was only 30 years ago. (~1980s)
Believe me in 30 years from now 100GB will be the equivalent of 10kb in the 1980s. There will be a radical new way of storing data like maybe DNA, QBits or something else that can hold 10000x the amount of normal storage, like maybe 1000 PB or more on something the size of a SD card.
So when you say that the blockchain will just grow too large... you have no idea what you are talking about.
The technology for storage will grow much faster than the blockchain can. Already in just the last few years storage has got way cheaper, these days you can pick up a 4TB drive for $100 that was not the case back in 2009.
Even if every computer in the world was spamming the blockchain non stop it for the next decade the blockchain would still not get too big.
I fully agree with you. In 30 years, so many advances will have been made in the storage field that storage capacity will no longer be a problem. However, be sure that if the storage capacities increase, the blockchain will do the same, and thus will have the same weight has today has 60GB. |
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USA because I hate UK  |
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The price is barely floating above $400. But for how long? The latest analysis suggests the breakdown to be happening soon.
Chill man. Sit back and have a beer. It'll go back up, no worries |
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You serious?  This is a ripoff xD |
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I'm staking my Bitcoin address here to help me recover my account if I lose access to it. Please quote it for me.
1BbeZsF9f24UhyyJroYYfQup7UEP87avYP
Quoted. |
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But you're assuming that every single person on earth will use Bitcoin as their only currency... Which i think isnt possible yet.
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Not soon... Because the technology is still quite young and we need more adopters.
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It's going down again, expecting a big dump soon bringing us to $400-405. Will we be able to keep our heads above $400 or do we drown?
The floor is going to be around $400. Dont worry man, chill like a Jamaican  |
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Well I think this says enough: A new legit company hiding their information. Admin Name: Identity Protection Service Admin Organization: Identity Protect Limited Admin Street: PO Box 795 Admin City: Godalming Admin State/Province: Surrey Admin Postal Code: GU7 9GA Admin Country: GB Admin Phone: +44.1483307527 Admin Phone Ext: Admin Fax: +44.1483304031 Admin Fax Ext: Admin Email: magnr.com@identity-protect.orgYep... I seriously doubt that this site is legit based on the above information. |
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I used to use I.E., but now i switched to Chrome |
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I like it, first one I've seen that includes Australia |
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R.I.P. Ian  |
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Great find!!! I'll try this out now  |
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Not sure I understand, what's the problem with long questions?
Because they're gay? |
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Whenever i gamble i put a daily limit on my money.
F.e. I will never spend more then 0.1 BTC per day. This way i am sure i won't lose all my money.
I've gambled with a couple of websites, but so far i like Crypto Games the best. They offer the best win chance. I've experienced that. So my advice is to find your lucky gambling site and only gamble there. Having a daily limit is a good way to limit your losses. Great find! I think moneypot is the best when it comes to saving your money and limiting your losses... you can lock an investment in |
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Lol, there's only 1 choice in the poll |
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