|
World
|
 |
November 29, 2012, 04:18:18 PM |
|
Happy halving day everyone. In 30 or 40 years you can tell all those next generation Bitcoin developers that you have been using Bitcoin so long that when you started blocks had a 50 BTC reward.
It is kinda weird seeing blocks with a 25 BTC subsidy though ...
Yeah  I want to have mined a block with a 50 btc reward.. interesting chart but there is a long way to go yet Network Deficit |
Supporting people with beautiful creative ideas. Bitcoin is because of the developers,exchanges,merchants,miners,investors,users,machines and blockchain technologies work together.
|
|
|
|
|
|
|
|
|
|
|
|
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
MoonShadow
Legendary
 Offline
Activity: 1708
Merit: 1007
|
|
November 29, 2012, 07:22:51 PM |
|
Happy halving day everyone. In 30 or 40 years you can tell all those next generation Bitcoin developers that you have been using Bitcoin so long that when you started blocks had a 50 BTC reward.
It is kinda weird seeing blocks with a 25 BTC subsidy though ...
Yeah I want to have mined a block with a 50 btc reward.. interesting chart but there is a long way to go yet Network DeficitI don't understand what that chart is trying to tell me. What is the "network deficit"? |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
|
|
|
Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1009
Newbie
|
|
November 29, 2012, 10:15:07 PM |
|
I don't understand what that chart is trying to tell me. What is the "network deficit"?
It shows how much miners would earn if the block reward was 0 BTC (not 25 as currently). It's supposed that in the future miner's income will be mainly tx fees. The fees will cover expenses for mining (electricity). Now most of the miners would switch their hardware off if there was no 25 BTC given each block. Bitcoin will survive only if its price or fees will be high enough to cover expenses. If this doesn't happen then only a few computers will mine and a successful 51% attack will be easily achieved. NB: I may be wrong in my interpretation of "network deficit". |
|
|
|
|
|
Frequency
|
|
November 29, 2012, 10:24:00 PM |
|
I don't understand what that chart is trying to tell me. What is the "network deficit"?
It shows how much miners would earn if the block reward was 0 BTC (not 25 as currently). It's supposed that in the future miner's income will be mainly tx fees. The fees will cover expenses for mining (electricity). Now most of the miners would switch their hardware off if there was no 25 BTC given each block. Bitcoin will survive only if its price or fees will be high enough to cover expenses. If this doesn't happen then only a few computers will mine and a successful 51% attack will be easily achieved. NB: I may be wrong in my interpretation of "network deficit". Thats why I.. who believes in BTC for the long term will never ever shutdown my rigs even when i for some time make some loss knowing i already made money out of the system and becourse if you are a true Bitcoin believer you are willing to invest some time keeping the protocol alive ..untill ASIC will arrive true miners should keep mining...but thats just how i think about it im a true supporter of the project not only for the money ...money is what is killing this world...and I have enough to live well.. But I also will laugh IF one time 1 BTC reaches $100 or 1000 pp ....  |
COINDER
COINDER
|
|
|
|
timeshareafrica
|
|
January 08, 2013, 08:54:18 AM |
|
Thanks intresting stuff, I wounder if one could predict more or less the event (price, hashrate or difficulty) at the end of the bitcoin payout mechanism in 2140.
|
|
|
|
|
|
Morblias
|
|
January 08, 2013, 02:50:35 PM |
|
Thanks intresting stuff, I wounder if one could predict more or less the event (price, hashrate or difficulty) at the end of the bitcoin payout mechanism in 2140.
 |
Tips / Donations accepted: 1Morb18DsDHNEv6TeQXBdba872ZSpiK9fY
|
|
|
SouthernComfort
Newbie
Offline
Activity: 28
Merit: 0
|
|
January 09, 2013, 03:20:57 AM |
|
Interesting idea!
|
|
|
|
|
kano
Legendary
Offline
Activity: 4466
Merit: 1798
Linux since 1997 RedHat 4
|
|
January 10, 2013, 01:44:44 PM |
|
Thanks intresting stuff, I wounder if one could predict more or less the event (price, hashrate or difficulty) at the end of the bitcoin payout mechanism in 2140.
No. |
|
|
|
SouthernComfort
Newbie
Offline
Activity: 28
Merit: 0
|
|
January 10, 2013, 11:04:06 PM |
|
Thanks intresting stuff, I wounder if one could predict more or less the event (price, hashrate or difficulty) at the end of the bitcoin payout mechanism in 2140.
No. How did you get your name in your Bitcoin address?!  |
|
|
|
|
kano
Legendary
Offline
Activity: 4466
Merit: 1798
Linux since 1997 RedHat 4
|
|
January 11, 2013, 12:58:25 AM |
|
Thanks intresting stuff, I wounder if one could predict more or less the event (price, hashrate or difficulty) at the end of the bitcoin payout mechanism in 2140.
No. How did you get your name in your Bitcoin address?! Well, one way you can do it is: https://bitcointalk.org/index.php?topic=25804.0 |
|
|
|
Melbustus
Legendary
Offline
Activity: 1722
Merit: 1003
|
|
July 08, 2016, 05:26:48 PM |
|
See you all in 4 years !  Yup. Still here. ...Thanks to Piuk for the awesome fireworks on the blockchain.info site, who knows maybe in 2016 we'll have real fireworks ... See you back here in 4 years! Plenty of actual parties this year....wouldn't be surprised if there are indeed real fireworks somewhere this time. Congratulations everyone! I predict the next 4 years will be much more exciting than the last four!!
Hah! You had no idea... Welcome to the impending 12.5BTC/block era, everyone. Less than 24hours to go. |
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
|
|
|
The Sceptical Chymist
Legendary
 Online
Activity: 3318
Merit: 6796
Cashback 15%
|
|
July 08, 2016, 05:41:10 PM |
|
Love seeing old threads like this get bumped at the appropriate times. It's also nice to see legendary members chime in on them after years have gone by. I won't say how much it arouses me but you can imagine. Here's to the halving!
|
.
.HUGE. | | | | | | █▀▀▀▀
█
█
█
█
█
█
█
█
█
█
█
█▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
CASINO & SPORTSBOOK
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█
█
█
█
█
█
█
█
█
█
█
█
▄▄▄▄█ | | |
|
|
|
|
Sweetbtc
|
|
July 08, 2016, 05:44:06 PM |
|
Love seeing old threads like this get bumped at the appropriate times. It's also nice to see legendary members chime in on them after years have gone by. I won't say how much it arouses me but you can imagine. Here's to the halving!
I wonder if there will be a price increase at the halving day ? |
|
|
|
bitdumper
Sr. Member
Offline
Activity: 266
Merit: 250
One world One currency, Bitcoin.
|
|
July 08, 2016, 06:05:42 PM |
|
sounds intresting but why yhis thread seems so old anyway tomorrow me any my little bitcoiners group is going to celibrate the bitcoin halving day.we will together see the market ups and downs
|
|
|
|
|
hermanhs09
|
|
July 08, 2016, 06:09:50 PM |
|
Wow,my friend just called me that he got lucky trading at short term (with bitcoin) and he want's to celebrate a halving with me and some couple of other friends haha  He is making a big party in his villa,that is going to be cool! |
|
|
|
|
AmDD
Legendary
Offline
Activity: 1027
Merit: 1005
|
|
July 08, 2016, 06:19:04 PM |
|
The end is near....
7
EDIT: Yuhfhrh beat me to it
Still here as well. See ya in another 4 years. |
BTC tip jar: 18EKpbrcXxbpzAZv3T58ccGcVis7W7JR9w
LTC tip jar: Lgp8ERykAgx6Q8NdMqpi5vnVoUMD2hYn2a
|
|
|
|
StoreBit
|
|
July 08, 2016, 06:28:44 PM |
|
that is such a good idea. i appreciate your efforts. i will try my self and will do arrangement for celebrating the halving. i will collect some of my friends and will discuss the bitcoin in detail. i will do arrangement party for them in respect of halving day. hope they will get some important information about bitcoin.
|
|
|
|
|
Denker
Legendary
Offline
Activity: 1442
Merit: 1014
|
|
July 08, 2016, 07:10:54 PM |
|
sounds intresting but why yhis thread seems so old anyway tomorrow me any my little bitcoiners group is going to celibrate the bitcoin halving day.we will together see the market ups and downs
The old threads are very often the best ones dude! Especially here in this crazy forum. We should bump this thread for each halving and could discuss in retrospect how far we have come so far. I hope this thread will be on top tomorrow in this section for the whole day.Make a nice posting and become part of the history! See you guys in 2020! |
|
|
|
|
Ente
Legendary
Offline
Activity: 2126
Merit: 1001
|
|
July 08, 2016, 07:58:28 PM |
|
Leipzig, Germany, checking in! :-)
Ente
|
|
|
|
|
|
HarryKPeters
|
|
July 08, 2016, 08:46:26 PM |
|
sounds intresting but why yhis thread seems so old anyway tomorrow me any my little bitcoiners group is going to celibrate the bitcoin halving day.we will together see the market ups and downs
The old threads are very often the best ones dude! Especially here in this crazy forum. We should bump this thread for each halving and could discuss in retrospect how far we have come so far. I hope this thread will be on top tomorrow in this section for the whole day.Make a nice posting and become part of the history! See you guys in 2020! If's funny even I am excited because it is a big day for bitcoin. Whatever will happen price wise, this will be history. I am really curious if we can see a downward trend in hash rate the coming weeks after the halving. |
|
|
|
|
