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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > 2013-05-28 The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule
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Author Topic: 2013-05-28 The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule  (Read 1193 times)
bit777 (OP)
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May 28, 2013, 06:44:20 PM
Last edit: May 30, 2013, 03:10:15 AM by bit777
 #1
Very interesting article:

http://www.thegenesisblock.com/at-this-rate-the-last-new-btc-will-be-issued-55-years-ahead-of-schedule/

I believe it can even happen faster.
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May 28, 2013, 07:04:55 PM
 #2
Interest read. I kind of enjoyed this little part given how it was said in such a serious article:

"and Butterfly Labs supposedly, maybe, eventually delivering thousands of backordered units"
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May 28, 2013, 08:36:55 PM
 #3
Interesting but it is not a problem.

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May 28, 2013, 11:29:57 PM
 #4
Not gonna happen. The rate of mining increase is going to slow down. After ASICs, what new mining technology do you see will happen?
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May 28, 2013, 11:33:47 PM
 #5
>15 to 55 Years Ahead Of Schedule
>Ahead Of Schedule
>Schedule
>implying there's a "schedule"
It is pitch black. You are likely to be eaten by a grue.

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May 29, 2013, 12:46:30 AM
 #6
NO DATE?
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May 29, 2013, 01:45:49 AM
 #7
Quote from: Gabi on May 28, 2013, 08:36:55 PM
Interesting but it is not a problem.

I would even call it good news because it is a function of interest in bitcoin and ongoing investment in the infrastructure
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May 29, 2013, 08:51:38 AM
 #8
Quote from: kiba on May 29, 2013, 12:46:30 AM
NO DATE?

Kiba, please ask admins about moderation rights in the "Press" section.

I mean, seriously.
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May 29, 2013, 12:45:41 PM
 #9
Quote from: ShadowOfHarbringer on May 29, 2013, 08:51:38 AM
Quote from: kiba on May 29, 2013, 12:46:30 AM
NO DATE?

Kiba, please ask admins about moderation rights in the "Press" section.

I mean, seriously.

+1

Well it took me a few minutes to find the articles fail assumption:

Quote
The chart below shows what would happen if the bitcoin network pulled 1% further ahead of schedule every year (i.e. 10 years forward is 10% further ahead of schedule) – a as has been the trend since 2010

Apparently, this guy never mined Namecoins before the merged mining took effect... it'll balance out eventually. 

I don't believe mining power will continue to increase forever... unless the value of bitcoins continues to increase forever... ok, so I guess it's possible.
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May 29, 2013, 12:52:53 PM
 #10
Quote from: grue on May 28, 2013, 11:33:47 PM
>15 to 55 Years Ahead Of Schedule
>Ahead Of Schedule
>Schedule
>implying there's a "schedule"


Well, there is a schedule, the article fails to understand that the schedule is measured in blocks, not minutes.
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May 29, 2013, 12:54:07 PM
 #11


Would be interesting to observe any increase in deflationary forces - if it all - if currency population was matured.
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May 30, 2013, 03:27:08 AM
 #12
Date is fixed.

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