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Author Topic: Block 350,000 due in the next few hours  (Read 1600 times)
coinableS
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March 30, 2015, 10:20:07 PM
 #21

350,000!!!
I'm so happy I could cry!!

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March 30, 2015, 10:21:25 PM
 #22

Oops, a little bug ?  Cheesy

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March 30, 2015, 10:27:26 PM
 #23

14 million coins here we come. Nobody notices in the media because people don't really know about the block reward schedule. It's too technical for most people, despite the fact that the having is such a major economic event. Their loss. Wild parties are brewing on the streets... the countdown has begun... 17 blocks remaining.

Remember the bitcoin reaches $1000 party in Germany? Maybe we should have a halving party instead. It can be more or less extravagant depending on the price of the coin at the time. Wink


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March 30, 2015, 10:34:40 PM
 #24

Oops, a little bug ?  Cheesy



People here are forgetting the block #0. So, the block which bringed the 14 millionth bitcoin is the #349999.
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March 30, 2015, 10:36:38 PM
 #25

I thought the Block 0 mining reward was not spendable?
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March 30, 2015, 10:48:16 PM
 #26

I thought the Block 0 mining reward was not spendable?


Correct - https://en.bitcoin.it/wiki/Genesis_block

https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

And that's really the only address people should be using for burning coins. I've never been too sure how the other ones could prove the private keys were lost.

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March 30, 2015, 10:50:18 PM
 #27

I thought the Block 0 mining reward was not spendable?


Correct - https://en.bitcoin.it/wiki/Genesis_block

https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

And that's really the only address people should be using for burning coins. I've never been too sure how the other ones could prove the private keys were lost.

Has anyone ever counted the provably-burned coins?

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March 30, 2015, 10:57:15 PM
 #28


Has anyone ever counted the provably-burned coins?


The two most famous is the counterparty one https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr that they used to issue Counterparty's currency in return for killing your BTC http://counterparty.io/news/why-proof-of-burn/

and bitcoineater https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE but I've no idea what purpose that served.

I'm sure there are a few more official uses of them too.

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March 30, 2015, 11:06:09 PM
 #29


Has anyone ever counted the provably-burned coins?


The two most famous is the counterparty one https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr that they used to issue Counterparty's currency in return for killing your BTC http://counterparty.io/news/why-proof-of-burn/

and bitcoineater https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE but I've no idea what purpose that served.

I'm sure there are a few more official uses of them too.

crazy people.
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March 30, 2015, 11:14:01 PM
 #30

I thought the Block 0 mining reward was not spendable?


Correct - https://en.bitcoin.it/wiki/Genesis_block

https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

And that's really the only address people should be using for burning coins. I've never been too sure how the other ones could prove the private keys were lost.

It's only the mining reward that can't be spent. All coins sent there can be spent.
gentlemand
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March 30, 2015, 11:14:46 PM
 #31

I thought the Block 0 mining reward was not spendable?


Correct - https://en.bitcoin.it/wiki/Genesis_block

https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

And that's really the only address people should be using for burning coins. I've never been too sure how the other ones could prove the private keys were lost.

It's only the mining reward that can't be spent. All coins sent there can be spent.

Oh. Silly me. I stand corrected.

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