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Author Topic: Today 7 million BTC mined - 1/3 finished  (Read 2175 times)
klaus
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August 07, 2011, 04:28:16 PM
 #1

We just passed 7 million Bitcoins mined.

- First 1/3 finished.  Smiley

Something like elementary school passed?




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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Yuusha
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August 07, 2011, 04:29:34 PM
 #2

What's a Mio Bitcoin?
Rob Lister
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August 07, 2011, 04:32:53 PM
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What's a Mio Bitcoin?

that was supposed to be short for million.  7 million bitcoins are now in circulation (minus those spilled)
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August 07, 2011, 04:35:29 PM
 #4

Oh, I see Cheesy
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August 07, 2011, 04:37:09 PM
 #5

Cool! Next 2/3 are mine!
klaus
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August 07, 2011, 04:44:32 PM
 #6


Together with the happenings until last night - is that a coincidence?

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payb.tc
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August 07, 2011, 04:46:53 PM
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What's a Mio Bitcoin?

that was supposed to be short for million.  7 million bitcoins are now in circulation (minus those spilled)

so if there's approx 21,000 lost so far (just a rough guess based on various posts on this forum), then we need another 14000 coins to make it to the 1/3 circulating mark... two more days Smiley
Big Time Coin
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August 07, 2011, 05:42:32 PM
 #8

HOORAY!!!! Grin

I LOVE U BITCOIN  Kiss

Big time, I'm on my way I'm making it, big time, oh yes
- Peter Gabriel
elggawf
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August 07, 2011, 05:52:51 PM
 #9

It needs to make it to the 25BTC/block payout keeping as much of the current momentum as possible. That's when things will go off. Wink

^_^
kaosbit
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August 07, 2011, 05:58:34 PM
 #10

So I guess it is time to say:

Happy Birthday Bitcoin!
payb.tc
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August 07, 2011, 05:59:18 PM
 #11

It needs to make it to the 25BTC/block payout keeping as much of the current momentum as possible. That's when things will go off. Wink

yeah, but one and a half years sounds like so far away!
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August 07, 2011, 06:12:53 PM
 #12

What's a Mio Bitcoin?

that was supposed to be short for million.  7 million bitcoins are now in circulation (minus those spilled)

so if there's approx 21,000 lost so far (just a rough guess based on various posts on this forum), then we need another 14000 coins to make it to the 1/3 circulating mark... two more days Smiley


System doesn't know the difference between lost coins and hoarded coins, so from the perspective of how long this is going to take, it's 1/3rd there

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August 07, 2011, 06:44:39 PM
 #13

So I guess it is time to say:

Happy Birthday Bitcoin!
wrong phrase, bitcoin wasn't created/invented on august 7 a few years ago. this is more of a milestone than a birthday  Wink

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August 08, 2011, 03:10:10 AM
 #14

What's a Mio Bitcoin?

that was supposed to be short for million.  7 million bitcoins are now in circulation (minus those spilled)

so if there's approx 21,000 lost so far (just a rough guess based on various posts on this forum), then we need another 14000 coins to make it to the 1/3 circulating mark... two more days Smiley


System doesn't know the difference between lost coins and hoarded coins, so from the perspective of how long this is going to take, it's 1/3rd there

yep, just making a comment about the current amount in circulation (7m - 21k) vs the highest possible amount that can ever be in circulation (21m - 21k). One third of (21m - 21k) is exactly (7m - 7k), hence my saying we needed a further 14000 coins.
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