EBK1000 (OP)
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A Wound in Eternity
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May 13, 2015, 06:22:34 AM
Last edit: May 13, 2015, 09:01:22 PM by EBK1000 |
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How many Bitcoins really exists? It was just a question
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Soooooooon...............
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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el kaka22
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www.Crypto.Games: Multiple coins, multiple games
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May 13, 2015, 06:28:31 AM |
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As what I know now that there will be 21M BTC (or 2100 trillion satoshis) at the end. I would say the there is 21M of coins at the end.
P.S. OP, 1 BTC = 100,000,000 satoshis, not 10,000,000!
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Lauda
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Terminated.
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May 13, 2015, 06:29:42 AM |
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What are you talking about? Has your school system not taught you the units of measurement and metric prefixes?
A Satoshi is the smallest fraction of a Bitcoin that can currently be sent: 0.00000001 BTC. That is the hundredth of millionth part of BTC. In the future, however, the protocol may be updated to allow further subdivisions, should they be needed.
1 BTC = 1,000,000 μBTC (microbitcoin)
1 BTC = 100,000,000 Satoshis
1 mBTC = 100,000 Satoshis
1 μBTC (microbitcoin) = 100 Satoshis
There are only going to be 21M BTC, however there will be 21M x 10^8 satoshis.
Bitcoin =/= microbitcoin =/= satoshi.
OP: to realize the dumbness of your question here is an example.
How many Gigabytes are there in a terabyte? It can't be 1024 because it can be divided. Wouldn't it be 1,048,576 units, or maybe even 1,073,741,824?
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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louise123
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May 13, 2015, 06:44:00 AM |
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How many Bitcoins really exists?
Coinmarketcap says that there are 14,154,775 Bitcoins in existence today,
but 1 Bitcoin can be divided into 10,000,000 discrete units, 0.00000001 BTC,
so does that not really mean that there are 141,547,750,000,000 Bitcoins,
or 141 Trillion units of Bitcoins that can be handled independently and sold?
Any thoughts?
I am not sure if you are trolling or if you bought that account. As a senior member you should have known that by now, so my guess is that it's a bought account. |
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Amph
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May 13, 2015, 07:00:43 AM
Last edit: May 13, 2015, 07:37:46 AM by Amph |
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you are mistaken bitcoin with satoshi or bits(sometimes they call those in this way) your numbers would be correct(besides the 10M which is wrong) if you was talking about satoshi 1 bit = 100 satoshis.
Please don't make OP's head even more confuse with all the math and abbreviations in this topic
in some site they call satoshi bits |
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gogxmagog
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Ad maiora!
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May 13, 2015, 07:16:22 AM |
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Yeah OP
What you stated in your posting is like me saying that since a dollar can be divided into one hundred smaller units (pennies) that if I have a ten dollar bill I actually have $1000. I don't see what you think there is to discuss?
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Omikifuse
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May 13, 2015, 07:26:23 AM |
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you are mistaken bitcoin with satoshi or bits(sometimes they call those in this way)
your number would be correct(besides the 10M which is wrong) if you was talking about satoshi
1 bit = 100 satoshis. Please don't make OP's head even more confuse with all the math and abbreviations in this topic |
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BTCjust
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May 13, 2015, 08:32:50 AM |
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according to what you mean, if 1 dollar can be indived into 1,000 cent, that you have 1,000 dollar
so bitcoin(btc) is just a counting unit
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ipbo
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May 13, 2015, 08:45:00 AM |
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There are 4 standard units of Bitcoin...
1 BTC = 1 Bitcoin
1 mBTC = 10^(-3) Bitcoin
1 µBTC = 10^(-6) Bitcoin
1 Satoshi = 10^(-8) Bitcoin
Units of Satoshi
1 Satoshi = 0.00000001
10 Satoshi = 0.00000010
100 Satoshi = 0.00000100
1,000 Satoshi = 0.00001000
10,000 Satoshi = 0.00010000
100,000 Satoshi = 0.00100000
1,000,000 Satoshi = 0.01000000
10,000,000 Satoshi = 0.10000000
100,000,000 Satoshi = 1.00000000
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acquafredda
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Activity: 1316
Merit: 1481
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May 13, 2015, 08:49:37 AM |
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How many Bitcoins really exists?
Coinmarketcap says that there are 14,154,775 Bitcoins in existence today,
but 1 Bitcoin can be divided into 10,000,000 discrete units, 0.00000001 BTC,
so does that not really mean that there are 141,547,750,000,000 Bitcoins,
or 141 Trillion units of Bitcoins that can be handled independently and sold?
Any thoughts?
The real question to be asked is: how many BTC exist outside the blockchain? And I'm talking about the BTC which are in the virtual books of exchanges, services, casinos etc. I think there are much more around Read the following... BTC Exchanges: their functioning and their way of using a fractional-reserve based mechanism https://bitcointalk.org/index.php?topic=945881.0 |
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HI-TEC99
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May 13, 2015, 10:00:39 AM |
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At this moment there are 14,155,200 BTC currently mined out of the 21 million that will ever be mined. It was a big day when the currently mined total hit 14 million. There was a debate about how many of those had been lost due to people losing their private keys, but people could only speculate. The longer Bitcoins stay in the same address the more likely it is that the owner has lost his key. https://bitcointalk.org/index.php?topic=109117.0 |
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EBK1000 (OP)
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Activity: 1148
Merit: 1000
A Wound in Eternity
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May 13, 2015, 10:12:05 AM |
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At this moment there are 14,155,200 BTC currently mined out of the 21 million that will ever be mined. It was a big day when the currently mined total hit 14 million. There was a debate about how many of those had been lost due to people losing their private keys, but people could only speculate. The longer Bitcoins stay in the same address the more likely it is that the owner has lost his key. https://bitcointalk.org/index.php?topic=109117.0I believe it was more a wondering in regards to the long term value of Bitcoin, whether the fact that there are trillions of units (I knew that they were called 'Satoshi') will impact on the value. Sorry I left a zero out and maybe it was a stupid way to put the question, the account is not sold however. |
Soooooooon...............
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LiteCoinGuy
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In Satoshi I Trust
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May 13, 2015, 03:08:49 PM |
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note: Satoshi can print more BTC if he wants.
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fox19891989
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May 13, 2015, 03:22:32 PM |
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How many Bitcoins really exists? It was just a question
LOL, why you use this title and not sure the amount of current btc? 2 ways to get the amount, 1.see bloackchain.info, it will show you the current amount 2.see on the wallet, just type some commands you will know it. |
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LiteCoinGuy
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In Satoshi I Trust
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May 13, 2015, 03:27:54 PM |
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cellard
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Activity: 1372
Merit: 1250
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May 13, 2015, 08:44:39 PM |
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How many Bitcoins really exists?
Coinmarketcap says that there are 14,154,775 Bitcoins in existence today,
but 1 Bitcoin can be divided into 10,000,000 discrete units, 0.00000001 BTC,
so does that not really mean that there are 141,547,750,000,000 Bitcoins,
or 141 Trillion units of Bitcoins that can be handled independently and sold?
Any thoughts?
The real question to be asked is: how many BTC exist outside the blockchain? And I'm talking about the BTC which are in the virtual books of exchanges, services, casinos etc. I think there are much more around Read the following... BTC Exchanges: their functioning and their way of using a fractional-reserve based mechanism https://bitcointalk.org/index.php?topic=945881.0I do not understand the concept of "a btc outside the blockchain". Hows that even possible? Every bitcoin was generated by mining, which means every bitcoin's origin is in the blockchain. |
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QuestionAuthority
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You lead and I'll watch you walk away.
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May 13, 2015, 08:51:56 PM |
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How many Bitcoins really exists? It was just a question
The short answer is 14,157,400 BTC in circulation right now. Eventually there will be 21,000,000. Estimates predict the final Bitcoin will be mined in the middle of the year 2140. |
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acquafredda
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Activity: 1316
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May 13, 2015, 08:53:35 PM |
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How many Bitcoins really exists?
Coinmarketcap says that there are 14,154,775 Bitcoins in existence today,
but 1 Bitcoin can be divided into 10,000,000 discrete units, 0.00000001 BTC,
so does that not really mean that there are 141,547,750,000,000 Bitcoins,
or 141 Trillion units of Bitcoins that can be handled independently and sold?
Any thoughts?
The real question to be asked is: how many BTC exist outside the blockchain? And I'm talking about the BTC which are in the virtual books of exchanges, services, casinos etc. I think there are much more around Read the following... BTC Exchanges: their functioning and their way of using a fractional-reserve based mechanism https://bitcointalk.org/index.php?topic=945881.0I do not understand the concept of "a btc outside the blockchain". Hows that even possible? Every bitcoin was generated by mining, which means every bitcoin's origin is in the blockchain. Please read the link provided and you'll understand what we meant by BTC outside the blockchain  |
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Cruxer
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Bitcoin FTW!
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May 13, 2015, 10:28:51 PM |
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There were many lost during early adoption. So currently there should be ~14 000 000 and in reality there are only ~10 000 000
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Amph
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May 14, 2015, 07:03:50 AM
Last edit: May 14, 2015, 11:50:01 AM by Amph |
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There were many lost during early adoption. So currently there should be ~14 000 000 and in reality there are only ~10 000 000
then the today market price is even more of a joke, if we are with 33% less coins in circulation How many Bitcoins really exists?
Coinmarketcap says that there are 14,154,775 Bitcoins in existence today,
but 1 Bitcoin can be divided into 10,000,000 discrete units, 0.00000001 BTC,
so does that not really mean that there are 141,547,750,000,000 Bitcoins,
or 141 Trillion units of Bitcoins that can be handled independently and sold?
Any thoughts?
The real question to be asked is: how many BTC exist outside the blockchain? And I'm talking about the BTC which are in the virtual books of exchanges, services, casinos etc. I think there are much more around Read the following... BTC Exchanges: their functioning and their way of using a fractional-reserve based mechanism https://bitcointalk.org/index.php?topic=945881.0I do not understand the concept of "a btc outside the blockchain". Hows that even possible? Every bitcoin was generated by mining, which means every bitcoin's origin is in the blockchain. those are fake bitcoin, a number just put on your exchange account by the owner, instead he is using your real btc to trade or general investments there are no bitcoin outside of the blockchain, but only blatant fake numbers of them |
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Troonetpt
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May 14, 2015, 11:13:29 AM |
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How many Bitcoins really exists? It was just a question
21000000, we all know this, but many coins have been lost, it never can be used again, so the amount is less than 21000000. |
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Lauda
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Terminated.
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May 14, 2015, 11:56:33 AM |
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How many Bitcoins really exists? It was just a question
21000000, we all know this, but many coins have been lost, it never can be used again, so the amount is less than 21000000. This answer is just plain wrong. Please read the replies in the thread. 21 000 000 is the planned supply. This number of Bitcoin won't be in existence before sometime in the year 21xx. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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crazyivan
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DMD Diamond Making Money 4+ years! Join us!
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May 14, 2015, 12:44:01 PM |
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21 mill should be the cap. However, lots of BTC have already been lost due to hardware failures, lost passwords, etc. So I would say about 19 mil in total.
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