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Informal guesses: How much fiat has been put into coins, net...
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Topic: Informal guesses: How much fiat has been put into coins, net... (Read 1522 times)
CoinDiver
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Re: Informal guesses: How much fiat has been put into coins, net...
October 01, 2014, 03:02:05 PM
#21
You could iterate through each block and multiply the reward by the price at that moment. That would give you all of the value that was created rather than exchanged in a balanced exchange. Someone either sold that at that rate, or held them (opportunity cost paid). You could estimate it fairly easily by breaking the price up in to monthly averages (not weighted by volume), and using 100k btc for each 25 btc month, and 200k btc for each 50 btc month.
http://mises.org/daily/3229
BTC:1PEyEKyVZgUvV4moXvCD5rQN21QETGPpLc
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Meuh6879
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Re: Informal guesses: How much fiat has been put into coins, net...
October 01, 2014, 03:04:53 PM
#22
5,7% in FIAT (bank account ...)
94,3% in BITCOIN (trust is like that ...)
because law admit that gov can stealth money from banks ... legally.
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