The biggest secret of bitcoin

[bitcrystal]

So guys sorry that i write this here and yes i want that i take motivation to can continue my projects.

So i think that the really target on this community is a currency the is free and really honestly.


Therefore i want that everybody know that the biggest secret on bitcoin is...


That you can more mine as 21 Millionen coins . The maximum amount of coins is only the maximum of coins the you can send to the same time...

and why i write this many coins have a max coin . But its not the maximal mineable coins. The statement is maybe only true for pos coins but the means that you on amount of blocks you can only mine the coin over the pos algo. That means that it gives a infinitive of every coin to can mine it.


I write this to give the guys the honestly back so that the community know the secrets or tricks of it.

For example also banks and brokers have tricks to take guys money. yes its a warning of me so that guys know that gives developer the not lies and its important for me that it gives developer the are not scammer and her interesting is a really honestly decentralized world. Where you can make a trade without the fear that anybody is a scammer. I can understand that its really important to survive in the world and make money but its important for me that you makes money without scamming.

The problem is its my meaning . That the trustment is overall very low because it gives a lot of scammers and many try more tricks to steal your money for example https://www.facebook.com/3BloxKostenlosSpielen The game 3blox is a scammer game you wins and then you lose all your money

[AGD]

Your posting makes no sense at all! 

[jacee]

Your posting makes no sense at all! 

Yep. I didn't understand a single thing at all.

[thejaytiesto]

Your posting makes no sense at all! 

I think OP must be foreign has a really broken English. He is saying that the max coin limit is not 21 million, which is not true. I don't understand his reasoning to disprove this.

The limit is hard coded to be 21 million. The only person(s) that could do this are the devs + enough consensus. It is a granted fact that if they tried to change the total supply Bitcoin would automatically plummet to the floor, so it's a non issue.

[jacee]

Your posting makes no sense at all! 

I think OP must be foreign has a really broken English. He is saying that the max coin limit is not 21 million, which is not true. I don't understand his reasoning to disprove this.

The limit is hard coded to be 21 million. The only person(s) that could do this are the devs + enough consensus. It is a granted fact that if they tried to change the total supply Bitcoin would automatically plummet to the floor, so it's a non issue.

No not really, I understand his English despise that gramar, what I mean I don't understand is the thoight the OP is trying to imply. Regarding the max coin limit. It doesn't make sense at al. 

[Amph]

if you think that bitcoin has not limits in the supply and that the maximum is not 21M for silly reason, or for lacking of knowledge, then the answer is no it has a limit and there is no scam about it

[LiteCoinGuy]

Peter Schiff is saying the same shit 

[franky1]

No not really, I understand his English despise that gramar, what I mean I don't understand is the thoight the OP is trying to imply. Regarding the max coin limit. It doesn't make sense at al.  

i believe he thinks its only 21mill coins based on maths of block production of coins per 10 minutes.. i think he suggests if miners solve blocks in 5 minutes then the maths would suggest 42mill coins..

i dont think he knows about the difficulty changes, which keeps the blocks solved within the 10 minute average

[bitcrystal]

dawn my broken english sorry. Not its not true . Its not limited. 21 Millionen Bitcoins is the maximum of coins what you can send on the same time.



for example if you want send a transaction with 21 millionen coins you get a error. But thats not meaning that you can mine more as 21 million amount of coins . I have tested it for past years. I have created a project my first project BitCrystal Unlimited. It has the target that you can have unlimited coins. So i have set the maximum coins on 9999999999 . Ok cool but all mined coins was exceeded the amount. My friend want send me 99999999999999999 coins. But it shows a error message with the content the maximum amount of coins you can send is 9999999999. And i have tested it its true.


The bitcoin can mine unlimited. The statement is only true for pos coins. The coins have a POW/POB limit.

[twicezeroiszero]

You know that Bitcoin can be used to buy drugs 

[bitcrystal]

yes and the difficulty changes to the network hash power. Its meaning if nobody mines bitcoin than this one guy must reach the last target but after then he has the difficult of only a one guy.

[bronan]

When the 21 million coins have been created people can still mine at the pools.
For what you ask ... well for the transaction fees and to keep the coin going
Thats not mining new blocks lad ...

[bitcrystal]

its right. Then if nobody can mines the coin because the limited is reached then not anybody is available to confirm the transactions and then the coin is useless . the protocol is dead. And pos uses if the pow/pob limit is reached then only the pos mining method. So you can say that no coin has a limit. Even the fourtytwo coin.

and franky not true. The difficulty target spacing have changed of bitcoin update to bitcoin update


i believe in the first update was every 2000 blocks or so so 7 days . And current the blocks adjustment rate is every block. Thats meaning the target is not that 21 million coins is reached at a determined year. and i have tested it with quarkcoin. In short term the term 21 million coins is so not true. And the setting of a max coin on any coin is only a option to make the coin raw or the guy the created the coin have not the knowledge that the maximum coin setting is for the maximum coins can send as a transaction. So if exceeded this value the transaction is marked as dos transaction.

[franky1]

its right. Then if nobody can mines the coin because the limited is reached then not anybody is available to confirm the transactions and then the coin is useless . the protocol is dead. And pos uses if the pow/pob limit is reached then only the pos mining method. So you can say that no coin has a limit. Even the fourtytwo coin.

after the 21 mill coins are mined. 90% of miners will move onto other projects, but the other 10% will continue as its still profitable for a select few to mine and grab the transaction fee's as their reward.

mining will continue. but how many miners will decrease due to a change in the price.

but this is something people do not need to worry about for decades.

[Mickeyb]

So are you guys actually discussing the stuff OP has written? I have read through his post twice and I haven't understood a single thing!

[bitcrystal]

in short term 21 million coins is the maximum amount of coins that you can send before the transaction is marked as ddos transaction.

[Kprawn]

in short term 21 million coins is the maximum amount of coins that you can send before the transaction is marked as ddos transaction.

You cannot send 21 million coins, because there will never be that much coins in circulation. Loads of them get lost on the way to the end... even Satoshi's 1 000 000 coins.

What App or wallet service are you using to test this? It might just be a software error within their software, showing the maximum parameters for that field. 

Anyway, your English is very poor, and we struggle to understand your logic.  ... Why not post in your native language too, there might be someone willing to translate.   

[dothebeats]

Many experts have already done a thorough review of the code, and the hard limit of mined coins is 21 million, nothing more and nothing less. Looks like you still believe in some naysayers that still exist.

[AGD]

Well ... I agree with OP in the point, that Bitcoin would be useless, when one single person holds 21 Mio of them (MINUS lost coins of course)

edit: (though I think OP still doesn't get the reason for that point)

[techboy2]

From what I understand of the OP, it seems senseless.