POLL: How many bitcoins do you CURRENTLY have?

[elewton]

Sorry, no.  That'd be cool, but once you sell a Bitcoin, it's gone.

[1714973350]

1714973350

[1714973350]

1714973350

[carbonpenguin]

I bought twenty early on, but have been slowly accumulating them through donations from my writing (i.e. http://cuhistory.blogspot.com/2011/05/coming-micro-ownership-revolution.html) and the profits from selling t-shirts (http://www.iusecoins.com). My general policy thus far has been to cash out about 25% of what I make commercially to cover expenses and hedge against the risk of the whole thing going up in smoke, while hanging on to the rest...

[ribuck]

Do I understand right, that for my minted coins, on the ones I spend and release into the market, I collect any transaction fees on my coins as they are spent through the economy?

No. You collect transaction fees, if any, when you generate the block. Instead of getting 50 bitcoins for the block, you will occasionally see that you got, say, 50.2 bitcoins because the block you generated included someone's very large or very small transactions.

[boumalo]

I got lucky and minted a block of 50 about a week ago.  I don't expect that to happen again soon, but it was pretty exciting!

I'm wondering how many to keep and how many to let go.  Do I understand right, that for my minted coins, on the ones I spend and release into the market, I collect any transaction fees on my coins as they are spent through the economy?

I forgot the post was from 2011... I was about to ask you how much power you had!!

Your dad is a wise man--BitCoin itself is supposed to be a currency, not a moneymaker. 

Bitcoin is whatever the market decides it is. 

The real work of growing the BitCoin economy requires people to build businesses and earn wages in bitcoins. 

Even if Bitcoin was used purely as an investment vehicle it could still become a large and sustainable economy in its own right.

People making money in mining or speculating right now are just profiting off of being ahead of the curve.  It's still a long, hard road before BitCoin becomes stable and established.  There's no such thing as free money!

Yes there is.  Every time anyone in history has managed to raise productivity simply by doing things more cleverly, new wealth was created without the need for extra work. This new wealth is effectively free money emerging out of thin air.  Bitcoin is one such example.

"Every time anyone in history has managed to raise productivity simply by doing things more cleverly, new wealth was created without the need for extra work. This new wealth is effectively free money emerging out of thin air.  Bitcoin is one such example." I think it is worth quoting you here

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