4 million effective BTC's have been made by FTC/CNC = 17% drop of BTC

[jubalix]

I think this deserves the broader forum

4 Mill BTC made in 2 weeks....?

In the  last week for so we have seen FTC and if the last two days CNC

FTC has achieved 0.005 BTC already and CNC looks to do at least this, and between them there are circa 800,000,000 Coins

Accordingly we can work out the dilutes BTC, in very broad brush strokes

360000000   0.005   1800000   1.8   million   BTC
462000000   0.005   2310000   2.31   million   BTC
822000000   0.01          4110000   4.11              BTC
              
              
              
         100      
         21   25.11  
            0.836320191   83.63201912  <----21M/25.11 M  


Thus effectively dropping BTC value by 17% !!!, which is quite close to the drop in the last 2 days

and because of the vast number of coins each 0.001 rise has a massive effect.

It appears that BTC may be diluted (inflated this way) this way

[Piper67]

Not to mention how much BTC has been diluted by all those USD, Euros, GBP, CAD being printed all the time.

Not sure if trolling or purposefully unintelligent 

[jubalix]

Not to mention how much BTC has been diluted by all those USD, Euros, GBP, CAD being printed all the time.

Not sure if trolling or purposefully unintelligent 

Yes, but this is internal to BTC, as they are only traded against BTC

[notig]

if it's only traded from and to BTC that means any dilution is only an illusion since eventually it has to come back

right?

[Piper67]

Not to mention how much BTC has been diluted by all those USD, Euros, GBP, CAD being printed all the time.

Not sure if trolling or purposefully unintelligent 

Yes, but this is internal to BTC, as they are only traded against BTC

It's irrelevant. The value moves from one to the other, as long as the loop remains open. The key factor is retention of BTC, whether against altcoins or fiat makes absolutely no difference.

We know you really REALLY want your altcoins to succeed, but isn't one thread enough?

[jubalix]

Not to mention how much BTC has been diluted by all those USD, Euros, GBP, CAD being printed all the time.

Not sure if trolling or purposefully unintelligent  

Yes, but this is internal to BTC, as they are only traded against BTC

It's irrelevant. The value moves from one to the other, as long as the loop remains open. The key factor is retention of BTC, whether against altcoins or fiat makes absolutely no difference.

We know you really REALLY want your altcoins to succeed, but isn't one thread enough?

I don't have any CNC

and only 100 FTC,

so no I am not a large holder of them.

I however am considering buying CNC....

[Twerka]

BTC was already 17% down when FTC shows up on BTCe, and the price double.
So no.

[chriswen]

Your numbers are also wrong.

[jubalix]

Your numbers are also wrong.

counter examples are always good

[chriswen]

Your numbers are also wrong.

counter examples are always good

CHN - 42211 blocks @ 88 CHN per block @ 20LTC/1000CHN (optimistic) = 0.64 BTC/1kCHN
FTC - 29456 blocks @ 200 FTC per block @ 4.93 BTC/1k CHN (very optimistic)

Total - 2377.32 + 29043.62 = 31420.94

So, that's like 31.5 k effective BTC that have been made.

That's off by a lot from your suggested 4 million.

[jubalix]

Your numbers are also wrong.

counter examples are always good

CHN - 42211 blocks @ 88 CHN per block @ 20LTC/1000CHN (optimistic) = 0.64 BTC/1kCHN
FTC - 29456 blocks @ 200 FTC per block @ 4.93 BTC/1k CHN (very optimistic)

Total - 2377.32 + 29043.62 = 31420.94

So, that's like 31.5 k effective BTC that have been made.

That's off by a lot from your suggested 4 million.

your doing it by blocks, now, I think that the market discounts that as they know totals

[chriswen]

Your numbers are also wrong.

counter examples are always good

CHN - 42211 blocks @ 88 CHN per block @ 20LTC/1000CHN (optimistic) = 0.64 BTC/1kCHN
FTC - 29456 blocks @ 200 FTC per block @ 4.93 BTC/1k CHN (very optimistic)

Total - 2377.32 + 29043.62 = 31420.94

So, that's like 31.5 k effective BTC that have been made.

That's off by a lot from your suggested 4 million.

your doing it by blocks, now, I think that the market discounts that as they know totals

I don't think the block reward has changed yet.

[bitcool]

The number doesn't make sense, all alt-coins adding together their market cap is less than 17% of btc's:

https://bitcointalk.org/index.php?topic=192977.msg2000777#msg2000777

[erk]

I think this deserves the broader forum

4 Mill BTC made in 2 weeks....?

In the  last week for so we have seen FTC and if the last two days CNC

FTC has achieved 0.005 BTC already and CNC looks to do at least this, and between them there are circa 800,000,000 Coins

Accordingly we can work out the dilutes BTC, in very broad brush strokes

360000000   0.005   1800000   1.8   million   BTC
462000000   0.005   2310000   2.31   million   BTC
822000000   0.01          4110000   4.11              BTC
              
              
              
         100      
         21   25.11  
            0.836320191   83.63201912  <----21M/25.11 M  


Thus effectively dropping BTC value by 17% !!!, which is quite close to the drop in the last 2 days

and because of the vast number of coins each 0.001 rise has a massive effect.

It appears that BTC may be diluted (inflated this way) this way

Sounds like nonsense to me. The alt-coins have no effect on BTC whatsoever, they are no different than trading BTC for fiat, or goods and services. They are each a currency on their own, and that's about it. BTC doesn't cease to exist, or cease be mined a block every 10min, just because some new alt-coin appears.

[jubalix]

The number doesn't make sense, all alt-coins adding together their market cap is less than 17% of btc's:

https://bitcointalk.org/index.php?topic=192977.msg2000777#msg2000777

Um no FTC or CNC in your graph, FTC alone > PPC and TRC

[chriswen]

The number doesn't make sense, all alt-coins adding together their market cap is less than 17% of btc's:

https://bitcointalk.org/index.php?topic=192977.msg2000777#msg2000777

Um no FTC or CNC in your graph, FTC alone > PPC and TRC

but, it's not 1.8 million BTC.

[bitcool]

Um no FTC or CNC in your graph, FTC alone > PPC and TRC

R U sure? Where did you get your numbers?  I highly doubt it.

Even if FTC+CNC market cap equals all other alter coins' (LTC+NMC+PPC+TRC+DVC+NVC+IXC) , it's still only 6.27% of BTC's market cap.

[jubalix]

Um no FTC or CNC in your graph, FTC alone > PPC and TRC

R U sure? Where did you get your numbers?  I highly doubt it.

Even if FTC+CNC market cap equals all other alter coins' (LTC+NMC+PPC+TRC+DVC+NVC+IXC) , it's still only 6.27% of BTC's market cap.

800,000,000 Coins to be popped out of which 360,000,000 FTC are trading at 0.005....do the maths

[chriswen]

Um no FTC or CNC in your graph, FTC alone > PPC and TRC

R U sure? Where did you get your numbers?  I highly doubt it.

Even if FTC+CNC market cap equals all other alter coins' (LTC+NMC+PPC+TRC+DVC+NVC+IXC) , it's still only 6.27% of BTC's market cap.

800,000,000 Coins to be popped out of which 360,000,000 FTC are trading at 0.005....do the maths

except they haven't been popped out yet.

[jubalix]

Um no FTC or CNC in your graph, FTC alone > PPC and TRC

R U sure? Where did you get your numbers?  I highly doubt it.

Even if FTC+CNC market cap equals all other alter coins' (LTC+NMC+PPC+TRC+DVC+NVC+IXC) , it's still only 6.27% of BTC's market cap.

800,000,000 Coins to be popped out of which 360,000,000 FTC are trading at 0.005....do the maths

except they haven't been popped out yet.

neither have BTC