remotemass (OP)
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ASMR El Salvador
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December 15, 2012, 06:19:56 PM |
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21 million units divided by 1 billion facebook users...
Do you like the idea of a facebook currency like that?
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{ Imagine a sequence of bits generated from the first decimal place of the square roots of whole integers that are irrational numbers. If the decimal falls between 0 and 5, it's considered bit 0, and if it falls between 5 and 10, it's considered bit 1. This sequence from a simple integer count of contiguous irrationals and their logical decimal expansion of the first decimal place is called the 'main irrational stream.' Our goal is to design a physical and optical computing system system that can detect when this stream starts matching a specific pattern of a given size of bits. bitcointalk.org/index.php?topic=166760.0 } Satoshi did use a friend class in C++ and put a comment on the code saying: "This is why people hate C++".
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grue
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December 15, 2012, 06:20:26 PM |
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bitcoins are divisible by 8 digits, so it's really 21 quadrillion units.
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dree12
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December 15, 2012, 06:25:02 PM |
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bitcoins are divisible by 8 digits, so it's really 21 quadrillion units.
I've heard this spewed around so much it's getting old. There are not even 1/10 of 21 quadrillion units of Bitcoin: there are, as of the current protocol, going to be no more than 2099999997690000 (slightly less than 2.1 quadrillion) units. And given coin destruction, the actual number is likely 200 trillion fewer. |
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dunand
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December 15, 2012, 06:35:48 PM |
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I stopped to read at facebook
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DeathAndTaxes
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Gerald Davis
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December 15, 2012, 06:36:39 PM
Last edit: December 15, 2012, 08:01:25 PM by DeathAndTaxes |
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er wait you believe 90%+ of coins minted will be lost? Did you have any historical references to back that up? I mean has 90%+ of gold been lost? 90%+ of printed currency lost?
On edit: Ignore. I can't read.
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remotemass (OP)
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ASMR El Salvador
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December 15, 2012, 06:38:57 PM |
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I used the word "units" because I didn't want to say 'bitcoins' or 'satoshis'.
I was thinking of a facebook currency and making the analogy to the 21 million to be distributed in a very fair way, that is, equally to all facebook users.
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{ Imagine a sequence of bits generated from the first decimal place of the square roots of whole integers that are irrational numbers. If the decimal falls between 0 and 5, it's considered bit 0, and if it falls between 5 and 10, it's considered bit 1. This sequence from a simple integer count of contiguous irrationals and their logical decimal expansion of the first decimal place is called the 'main irrational stream.' Our goal is to design a physical and optical computing system system that can detect when this stream starts matching a specific pattern of a given size of bits. bitcointalk.org/index.php?topic=166760.0 } Satoshi did use a friend class in C++ and put a comment on the code saying: "This is why people hate C++".
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2GOOD
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December 15, 2012, 06:39:57 PM |
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bitcoins are divisible by 8 digits, so it's really 21 quadrillion units.
I've heard this spewed around so much it's getting old. There are not even 1/10 of 21 quadrillion units of Bitcoin: there are, as of the current protocol, going to be no more than 2099999997690000 (slightly less than 2.1 quadrillion) units. And given coin destruction, the actual number is likely 200 trillion fewer. The biggest lost I'm aware of is Bitomat.pl - around 17,000 Bitcoins |
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kgo
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December 15, 2012, 06:40:18 PM |
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er wait you believe 90%+ of coins minted will be lost? Did you have any historical references to back that up? I mean has 90%+ of gold been lost? 90%+ of printed currency lost?
He said the amount lost (not remaining) would be 200 trillion, meaning a loss of ~10%. |
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Meni Rosenfeld
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December 15, 2012, 06:46:00 PM
Last edit: December 15, 2012, 07:26:07 PM by Meni Rosenfeld |
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er wait you believe 90%+ of coins minted will be lost? Did you have any historical references to back that up? I mean has 90%+ of gold been lost? 90%+ of printed currency lost?
dree12 said that 21 million coins X 100 million satoshis per coin = 2.1 quadrillion satoshis And not 21 quadrillion as grue said. 2.1 is 10% of 21. I used the word "units" because I didn't want to say 'bitcoins' or 'satoshis'.
I was thinking of a facebook currency and making the analogy to the 21 million to be distributed in a very fair way, that is, equally to all facebook users.
What is fair about it? What about those that don't have a Facebook account because they think Facebook is one of the greatest plagues humanity has ever experienced? What about those who have several Facebook accounts? |
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grue
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December 15, 2012, 07:11:33 PM |
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I used the word "units" because I didn't want to say 'bitcoins' or 'satoshis'.
I was thinking of a facebook currency and making the analogy to the 21 million to be distributed in a very fair way, that is, equally to all facebook users.
 dree12 said that
21 million coins X 100 million satoshis per coin = 2.1 quadrillion satoshis
And not 21 quadrillion as grue said.
my bad, must have added an extra zero somewhere  |
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Kupsi
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9.9.2012: I predict that single digits... <- FAIL
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December 15, 2012, 07:18:17 PM |
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21 million units divided by 1 billion facebook users...
Do you like the idea of a facebook currency like that?
That's 21 milliunits / user. Sounds good  |
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MPOE-PR
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December 15, 2012, 07:18:40 PM |
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Seeing how virtually all those Facebook accounts are fake the FB-BTC comparison doesn't work out so well for FB.
You could divide 21mn BTC by 10-12 trn USD. Also fake, but not quite to the degree.
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