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Author Topic: How many BSV in existence?  (Read 151 times)
Febo (OP)
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May 30, 2019, 01:55:45 PM
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When I check explorers I see they all say there is 17,808,352 BSV in circulation. But how is that possible? If BSV was forked from BCH, there is only possible to have as much BSV as was at that moment BCH. Of course there is possible to have same amount of BCH as is BTC. But at the time of fork not everyone claimed BCH with their BTC private keys and the number of BCH was  way lower. then BTC.  Was the number of BCH at that time known? Why explorers and Coinmarketcap dont use it?

Or I misunderstand how forks happens and If I today claim BCH with my old BTC wallet I can then also claim BSV with that newly claimed BCH?
Adriano2010
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May 30, 2019, 02:02:14 PM
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Well BSV is mined from the time of fork and that is the number on circulation. You can claim BCH i think with your bitcoin wallet if you had bitcoin at the time of fork, but before send your bitcoin to another address, but you can't claim BSV after get BCH claimed, to get BSV you should had BCH at the time of hard fork which was at November 15, 2018 at approximately 8:40am PT (4:40pm UTC).
bigcash2011
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May 30, 2019, 02:05:33 PM
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I am not sure but if we see things in historical pattern we can understand. I mean bch was the fork of btc and we know btc jas a supply of 21 million out of which 3 to 4 million has been lost so may be bch had its supply according to the available supply of bch and then bsv was forked from bch so that may be reason of 17 million supply.

john_nautica
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May 30, 2019, 02:10:49 PM
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many people don't know the total bch or bsv supply, but they enjoy using it. maybe there is something else why the coinmarketcap doesn't include it. but believe me even though bch or bsv will still continue to be a potentially growing coin

Yudhisthir
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May 30, 2019, 02:33:50 PM
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When I check explorers I see they all say there is 17,808,352 BSV in circulation. But how is that possible? If BSV was forked from BCH, there is only possible to have as much BSV as was at that moment BCH. Of course there is possible to have same amount of BCH as is BTC. But at the time of fork not everyone claimed BCH with their BTC private keys and the number of BCH was  way lower. then BTC.  Was the number of BCH at that time known? Why explorers and Coinmarketcap dont use it?

Or I misunderstand how forks happens and If I today claim BCH with my old BTC wallet I can then also claim BSV with that newly claimed BCH?

Even if people didn't claimed their forked coins, the coins would exist. Lost for ever but alive on explorer. Just like coins with lost private keys.
As of the total numbers, all of the 1:1 fork of bitcoin has similar amount of minted coins. A little difference could be seen due to difference in their nature which over time would go on increasing.

casperBGD
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May 30, 2019, 02:42:48 PM
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When I check explorers I see they all say there is 17,808,352 BSV in circulation. But how is that possible? If BSV was forked from BCH, there is only possible to have as much BSV as was at that moment BCH. Of course there is possible to have same amount of BCH as is BTC. But at the time of fork not everyone claimed BCH with their BTC private keys and the number of BCH was  way lower. then BTC.  Was the number of BCH at that time known? Why explorers and Coinmarketcap dont use it?

Or I misunderstand how forks happens and If I today claim BCH with my old BTC wallet I can then also claim BSV with that newly claimed BCH?

Even if people didn't claimed their forked coins, the coins would exist. Lost for ever but alive on explorer. Just like coins with lost private keys.
As of the total numbers, all of the 1:1 fork of bitcoin has similar amount of minted coins. A little difference could be seen due to difference in their nature which over time would go on increasing.

i agree, there is a lot of coins that are inaccessible within BTC blockchain, as well as all tokens and altcoins, since people lost their private keys, when computer power increase greatly in the future, there will probably be hunters for private keys of unused bitcoin addresses, what do you think?
Febo (OP)
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May 30, 2019, 03:30:29 PM
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Well BSV is mined from the time of fork and that is the number on circulation. You can claim BCH i think with your bitcoin wallet if you had bitcoin at the time of fork, but before send your bitcoin to another address, but you can't claim BSV after get BCH claimed, to get BSV you should had BCH at the time of hard fork which was at November 15, 2018 at approximately 8:40am PT (4:40pm UTC).

Oh then that makes sense and It is logical. Then Coinamarketcap and explorers are right since one day Satoshi might decide and claim all BSV with his BTC private keys Smiley
Kiweikoo
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May 31, 2019, 06:43:22 AM
 #8

I am not sure but if we see things in historical pattern we can understand. I mean bch was the fork of btc and we know btc jas a supply of 21 million out of which 3 to 4 million has been lost so may be bch had its supply according to the available supply of bch and then bsv was forked from bch so that may be reason of 17 million supply.
Well I don't think it works that way, for the fact that they created a fork out of another coin doesn't mean that they cannot make changes to the total supply of the coin, it's just like they were building a new coin on the same blockchain but since the mining algorithm is difference, it caused a split in the chain making it an hardfork of the blockchain, at the time the harkfork occur pending on the block the devs set, a snapshot of the blockchain will be taken.
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