remotemass (OP)
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June 13, 2022, 07:06:28 PM
Last edit: June 15, 2022, 05:16:58 AM by remotemass |
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If you spend 1 satoshi a second, you will spend 1 BTC is 3 years, 2 months & 1 Day... How cool is that? 3... Years, 2... Months and... 1 Day... lol.  |
{ 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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franky1
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June 13, 2022, 07:11:17 PM
Last edit: June 13, 2022, 07:23:43 PM by franky1 |
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if you spend 1 satoshi a day..
.. you will spend 365sats in a year.
.. you will spend 730sats in 2 years.
.. you will spend 1095sats in 3 years.
you will spend 30 sats in a month
you will spend 60 sats in 2 months
meaning in 3 years 2 months and one day..
you will spend 1156sats
..
however.. if you done 1156 tx's to spend 1 sat per time..
with also had a tx fee of 1sat per vbyte (1in 2 out p2wpkh =140vbyte)
you have WASTED(LOST) an extra =161840sats
meaning total loss and spend is 162996sats
which is ~0.00163
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Welsh
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June 13, 2022, 07:18:58 PM |
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Yeah, remotemass I'm not sure how you've come to that conclusion, but your Math is wrong somewhere. Franky's above is technically correct, ignoring leap years etc. Although, even with leap years, your Math is still a long way out.
Remember, that one satoshi is 0.00000001 of a Bitcoin. If you only spent one satoshi a day (which given fees is pretty much impossible) you'd take thousands of years to spend one Bitcoin. At the moment, it's not even possible to only spend 1 satoshi since you have fees. Maybe, if Bitcoin is altered to utilize further denominations in the future, it might be possible, but right now it isn't.
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franky1
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June 13, 2022, 07:25:23 PM |
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Remember, that one satoshi is 0.00000001 of a Bitcoin. If you only spent one satoshi a day (which given fees is pretty much impossible) you'd take thousands of years to spend one Bitcoin. At the moment, it's not even possible to only spend 1 satoshi since you have fees. Maybe, if Bitcoin is altered to utilize further denominations in the future, it might be possible, but right now it isn't.
maybe he wants a rebuttal answer like yours.. maybe he is playing reverse psychology to get people to think about how much people can actually use bitcoin daily and still not spend 1btc |
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Welsh
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June 13, 2022, 07:31:50 PM |
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maybe he is playing reverse psychology to get people to think about how much people can actually use bitcoin daily and still not spend 1btc
Maybe. I do like the sort of thinking that you don't require one Bitcoin. A lot of new comers to Bitcoin are obsessed with getting to one Bitcoin, and take its current price as still out of their budget. Yet, they forget that there's denominations like a satoshi. I wish, we could to some extent re-educate the masses, and get that obsession with one Bitcoin out of their heads. Although, it has to be said in this particular case one satoshi isn't going to get you very far in life. Certainly isn't going to put food on the table on a daily basis. |
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remotemass (OP)
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June 13, 2022, 08:07:42 PM |
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Oops, I meant 1 satoshi a second... Ouch!
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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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darkv0rt3x
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June 13, 2022, 08:11:01 PM |
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Maybe the OP meant 1 sat per second.
3 years would be 60*60*24*365*3 = 94608000 sats
2 months would be 60*60*24*60 = 5184000 sats
1 ay would be 60*60*24 = 86400 sats
All together sums 94608000 + 5184000 + 86400 = 99878400 sats
Not exactly but close! I didn't take into account years with 365 and 366 nor months with 29/30/31 days. I just did 1 year = 365, 1 month = 30 days! 1 day doesn't have exactly 24h, so, a few caveats to get a less exact result!
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remotemass (OP)
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June 13, 2022, 08:55:48 PM |
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Yes, I know it depends on the degree of precision of the calculations.
For instance, if each of the 3 years was a leap year (366 days)
and the 2 months were 31 days (2*31=62 days),
then we would have: 3*366+62+1= 1161 days.
And as the minimum for 3 years, 2 months and 1 day is:
365*3 + (28 * 2) + 1 = 1152, since a month can have 28 days indeed.
So "3 years, 2 months, 1 day" is "equal or greater than 1152" and equal or "equal or less than 1161",
and so, 1 satoshi a second would be indeed between: "1152 * 86400 = 99532800" and "1161 * 86400 = 100310400" satoshi.
Since the range is that, it seems quite accurate to say that 3 years, 2 months and 1 day would be: ~= 1BTC.
Hehe, cool ;-)
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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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remotemass (OP)
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June 13, 2022, 09:17:39 PM |
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28th Feb 2020 + 3 calendar years + 2 calendar months + 1 day = 29th April 2023. That is 1156 days.
And, so that would be indeed: 99,878,400 sats. (1 sat a second).
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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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fenican
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June 13, 2022, 09:35:44 PM |
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If you spend 1 satoshi a day, you will spend 1 BTC is 3 years, 2 months & 1 Day... How cool is that? 3... Years, 2... Months and... 1 Day... lol. With fees, very possibly! |
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CaVO32
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June 13, 2022, 10:13:00 PM |
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If you spend 1 satoshi a day, you will spend 1 BTC is 3 years, 2 months & 1 Day... How cool is that? 3... Years, 2... Months and... 1 Day... lol. With fees, very possibly! But this is just theoretical because in reality, we can't spend 1 sat alone, not considering the fees alone. It is not yet valuable enough to spend this in any merchant or shop. So right now, I don't know what's the valuable input here for this topic. Maybe, just for the sake of discussion only.  |
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remotemass (OP)
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June 14, 2022, 01:52:13 AM |
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So "3 years, 2 months, 1 day" is "equal or greater than 1152 days" and equal or "equal or less than 1161 days",
and so, 1 satoshi a second would be indeed between: "1152 * 86400 = 99532800" and "1161 * 86400 = 100310400" satoshi.
Since the range is that, it seems quite accurate to say that 3 years, 2 months and 1 day would be: ~= 1BTC.
100,310,400 - 99,532,800 = 777,600 seconds = 216 hours = precisely 9 days. Sometimes these discoveries strike me as being beautiful and fascinating  Hehe. Neat! - remotemass |
{ 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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remotemass (OP)
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June 14, 2022, 02:11:29 AM
Last edit: June 18, 2022, 10:00:09 AM by remotemass |
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And also... maybe Satoshi did calculate how many blocks would be mined (with an average of 10 minutes a block) in 1 million seconds... and since that is 166,666.666 blocks he may have decided for 210,000 for looking less beastly/evil and rather much more four seasons... For me, that makes total sense. - remotemass |
{ 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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nullama
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June 14, 2022, 02:45:00 AM |
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That amount of time is very close to the current hodl line: https://hodl.campIt's currently at 3 years, 4 months, and 4 days. That means that if you bought Bitcoin at any time in history, and waited that amount of time, your Bitcoin now has more purchasing power than when you acquired it. |
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crwth
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Try Gunbot for a month go to -> https://gunbot.ph
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June 14, 2022, 02:58:53 AM |
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I think you should edit the title of your thread to avoid confusion now. I thought, how is that even possible when I first read it.
That's definitely a great website. At least you have some idea of how long you would HODL and have profit. I think the average entries that you would have along the way would always be 3 years and 4 months and 4 days. I assume this moves along when it's not profitable anymore, right? |
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nullama
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June 14, 2022, 03:32:54 AM |
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~snip~
That's definitely a great website. At least you have some idea of how long you would HODL and have profit. I think the average entries that you would have along the way would always be 3 years and 4 months and 4 days.
I assume this moves along when it's not profitable anymore, right?
Yeah, it's not an average, it's just the worst case scenario over the entire history of Bitcoin. The current hodl line remains the same as it was around the end of 2013. In most cases you're way better off in a shorter amount of time. It hasn't been changed in years, but it will update automatically if the current hodl line is larger than the previous one from 2013. |
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coolcoinz
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June 23, 2022, 07:47:26 PM |
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Although this is a completely useless knowledge, It's a good reminder of how much 1 bitcoin really is. It gives you a sense of perspective. That is incredible sometimes how much you can save when you save every day small sums every month. And it works the same way when you spend money, if you sum up all the unncesasary spending you will understand that you spent a lot.
True, although nobody is going to play around saving 1 sat every day. That would require you to be a psychopath. A maniac of some sort  Although, it's pretty close to what those people who make a selfie every day and then after 3 or 5 years put all the photos together to see how they were changing over the years. Seeing how much you've made in 3 years by saving a just 1 cent a day might be worth it if you're into projects and such. |
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Welsh
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June 24, 2022, 11:32:25 AM |
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Although this is a completely useless knowledge, It's a good reminder of how much 1 bitcoin really is. It gives you a sense of perspective. True, although nobody is going to play around saving 1 sat every day. That would require you to be a psychopath. A maniac of some sort Although, it's pretty close to what those people who make a selfie every day and then after 3 or 5 years put all the photos together to see how they were changing over the years. Seeing how much you've made in 3 years by saving a just 1 cent a day might be worth it if you're into projects and such. One satoshi maybe, but I think most users could save multiple satoshis a day. Even, if that requires purchasing them. Might be a good way of looking at it, since I find these days people are way to obsessed over buying a whole Bitcoin, especially those that are new. People generally either forget or don't understand that's okay to have Bitcoin in lower denominations than one. It's not like fiat where 20 pence won't buy you anything. 0.2 or 0.1 can buy you a whole lot of things with Bitcoin at its current price. Oops, I meant 1 satoshi a second... Ouch!
That makes a whole lot more sense. I wasn't sure if you just missed something at first or if you lost the plot a little . That amount of time is very close to the current hodl line: https://hodl.campIt's currently at 3 years, 4 months, and 4 days. That means that if you bought Bitcoin at any time in history, and waited that amount of time, your Bitcoin now has more purchasing power than when you acquired it. Rather interesting observation. Although, goes without saying really, but doesn't mean three's a correlation, and that's going to continue to happen. Very likely won't continue happening in the long term. |
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ChrisPop
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June 24, 2022, 07:33:28 PM |
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1 satoshi per second = 86400 sats/day = 17 bucks per day --> For many jobs that would be the equivalent of 1H of work dedicated to BTC stacking. Not so bad if you ask me, but there are countries out there where you make that much in a full day of work. Wasn't aware of this website, thanks! Gotta admit that it took me a minute or two to figure out the chart |
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Ahli38
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July 05, 2022, 03:33:39 AM
Last edit: July 05, 2022, 03:53:15 AM by Ahli38 |
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If you spend 1 satoshi a second, you will spend 1 BTC is 3 years, 2 months & 1 Day... How cool is that? 3... Years, 2... Months and... 1 Day... lol. yeah that's really cool. But I do the opposite which is instead of spending, I continue to collect satoshi little by little every day. As a day trader. I continue to save from the daily trading profits. I consistently save about 28571 satoshi per day so that in a week I can collect about 200,000 satoshi (0.002BTC). I want to know after 3 years, 2 months, 1 day. what is the total satoshi i can collect?... i want to have at least 1 bitcoin from this small savings. it may take about 10 years. I rarely even look at my personal wallet which contains my small bitcoin savings. i just checked the transaction entered successfully. |
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