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Author Topic: Pool for guessing the hour of the block reward halving?  (Read 573 times)
MoonShadow
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October 20, 2012, 11:09:41 PM
 #1

The block reward drops to 25 BTC at the 210001 block.  We are at 204K at this point.  I'm predicting Tuesday November 27th, at 4:30pm Eastern Standard Time (+- 30 minutes, so anytime between 4pm & 5pm)

You can only call up to an hour long time frame, and you must specify that hour long time frame.  Only the first person to claim that time period can claim the pot.
You must pledge to send 1 BTC to the winner to post, otherwise your post will be ignored (and likely deleted by me) for failure to conform to the pool bet rules.
You may not make more than one claim, and you may not withdraw your claim once posted.
If the time frame of the actual block reward halving is not claimed by anyone before Midnight GMT, October 31st (start of November 1st); then this pool wager is dissolved and no payouts are due.

I hereby pledge 1 BTC to the winner of this pool.

"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'
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Stephen Gornick
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October 20, 2012, 11:40:39 PM
 #2

The block reward drops to 25 BTC at the 210001 block.

Just to clarify, the source reads:

Code:
nSubsidy >>= (nHeight / 210000);
- https://github.com/bitcoin/bitcoin/blob/master/src/main.cpp#L1011

The genesis block does start at block height 0, so while the block reward halving will occur first with the 210,001st block, the block height for that block will be block height 210,000.

MoonShadow
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October 20, 2012, 11:43:46 PM
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Thanks for the correction.

"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'
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