Bitcoin Forum
April 19, 2019, 11:34:45 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: Total number of bitcoins.  (Read 3249 times)
V for Varoufakis
Sr. Member
****
Offline Offline

Activity: 262
Merit: 250


View Profile
February 08, 2015, 12:16:03 PM
 #1

The total number of bitcoins must be:   M = (PQ) / V
1555716885
Hero Member
*
Offline Offline

Posts: 1555716885

View Profile Personal Message (Offline)

Ignore
1555716885
Reply with quote  #2

1555716885
Report to moderator
1555716885
Hero Member
*
Offline Offline

Posts: 1555716885

View Profile Personal Message (Offline)

Ignore
1555716885
Reply with quote  #2

1555716885
Report to moderator
Crypto Casino Since 2014
Level Up & Get Even More Rewards!
Daily Treasure Chest
& Much More
Roll Hunt
Rakeback
Blackjack
Jackpot
Dice
Slots
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
countryfree
Legendary
*
Offline Offline

Activity: 2114
Merit: 1010

Your country may be your worst enemy


View Profile
February 08, 2015, 07:07:51 PM
 #2

Let's get real, the total number of BTC as of today is about 13,7 millions.

X
picolo
Hero Member
*****
Offline Offline

Activity: 910
Merit: 500



View Profile
February 08, 2015, 08:12:35 PM
 #3

The total number of bitcoins must be:   M = (PQ) / V

https://en.bitcoin.it/wiki/Controlled_supply

In 2022 90% of the bitcoins will have been mined.


░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░▄████▀
░░░░░░░░░░░░░░░░▄███████▀
░░░░░░░░░░░░░░█████████▀
░░░░░░░▄████░░████████▀
░░▄█████████████████▀░░░░░██░░░██░██░██████░██████
░░░████████████████▀░░░░░░██░░░██░██░░░██░░░██
░░░░██████████████▀░░░░░░░░██░██░░██░░░██░░░█████
░░░░░██████░░█████▀░░░░░░░░░██░██░░██░░░██░░░██
░░░░░░██████████▀░░░░░░░░░░░███░░░██░░░██░░░██████
░░░░░░░████████▀
░░░░░░░░██████▀
░░░░░░░░░████▀
░░░░░░░░░░█▀


























▄████████████▀▀█▄
████▀▀▀▀▀░░░▄ ░██
██▄░░░░░░░▄▀░░███
████▄░░░▄▀░░░████
██████▄█░░░░█████
████████░▄░██████
▀███████████████▀
▄████▀▀▀█▀▀▀████▄
████░▄▀▀▀▀▀▄░████
██▀░░░░░░░░░░░▀██
█▀░░░█▀█░█▀█░░░▀█
█░░░░▀▀▀░▀▀▀░░░░█
█▄░░▀▄░░░░░▄▀░░██
▀██▄▄▄█████▄▄▄██▀

▄█▀███████▀▀████▄
██░░▀███▀░░░░▀▄██
███░░░░▀░░░░░░▄██
████░░░░░░░░░░░██
█████▄░░░░░░░░▄██
██▄░░░░░░░░░▄████
▀███▄▄▄▄▄▄▄█████▀

▄███████████████▄
█████▀░▀▀▀▀░▀████
████░░░░░░░░░░███
████▄░░░░░░░░▄███
█▀████▄▄░░▄▄█████
██▄▀▀▀▀░░░░██████
▀██████▄▄▄▄█████▀

▄████▀▀▀▀▀▀▀▀▀▀█▄
███▀▀▀▀▀▀▀▀▀██░██
██░▄███████▄░█░██
██░█▄▄▄▄▄███░█░██
██░▀███████▀░████
███▄▄░░░▄▄▄▄█████
▀█████▄█████████▀


▄████▀▀▀▀▀▀▀████▄
███▀░▄▀█▀██▄░▀███
██░▄█▀░▀░▀▀██▄░██
██░███░▀▀▀ ▀██░██
██░███░████░██░██
██▄░█▄░▄░▄▄▄▀░▄██
▀███▄▄▄▄▄▄▄▄▄███▀

rollingMyCar
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
February 09, 2015, 01:42:10 PM
 #4

The total number of bitcoins must be:   M = (PQ) / V

hi V for Varoufakis.

I think if you can explain better the formula,
you will be helped better!!!
galdur
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500



View Profile
February 09, 2015, 01:47:28 PM
 #5

According to the Book of Knowledge it´s an equation of exchange

M   is the total nominal amount of money supply in circulation on average in an economy.
V  is the velocity of money, that is the average frequency with which a unit of money is spent.
P  is the price level.
Q  is an index of real expenditures (on newly produced goods and services).


V for Varoufakis
Sr. Member
****
Offline Offline

Activity: 262
Merit: 250


View Profile
February 09, 2015, 04:17:56 PM
 #6

http://en.wikipedia.org/wiki/Equation_of_exchange
manselr
Legendary
*
Offline Offline

Activity: 854
Merit: 1000


Trusted Seller


View Profile
February 09, 2015, 04:46:05 PM
 #7

The total number of bitcoins must be:   M = (PQ) / V

https://en.bitcoin.it/wiki/Controlled_supply

In 2022 90% of the bitcoins will have been mined.
Which means by 2025 price should be insanely high otherwise miners will have the shittiest incentive to keep mining.

Telegram; @bitcointalkaccseller
zlatanBorec
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
February 09, 2015, 06:25:13 PM
 #8

According to the Book of Knowledge it´s an equation of exchange

M   is the total nominal amount of money supply in circulation on average in an economy.
V  is the velocity of money, that is the average frequency with which a unit of money is spent.
P  is the price level.
Q  is an index of real expenditures (on newly produced goods and services).



i think this equation it is realy variable...
P it is associate to the high bitcoin volatility
Q it is really hard to quantify!!!

so, it is very hard to get some "understandable" result from it...

IMAHO....
oblivi
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500


View Profile
February 09, 2015, 07:01:30 PM
 #9

The total number of bitcoins is hardcoded and cannot be changed, i dont know what you are exaclty about. Do you want to propose a new number of total coins or you just want to calculate it?
V for Varoufakis
Sr. Member
****
Offline Offline

Activity: 262
Merit: 250


View Profile
February 09, 2015, 07:37:09 PM
 #10

Calculate it, obviously. It is not my proposition. It is an economic theory:
https://en.wikipedia.org/wiki/Quantity_theory_of_money
galdur
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500



View Profile
February 09, 2015, 07:39:04 PM
 #11

According to the Book of Knowledge it´s an equation of exchange

M   is the total nominal amount of money supply in circulation on average in an economy.
V  is the velocity of money, that is the average frequency with which a unit of money is spent.
P  is the price level.
Q  is an index of real expenditures (on newly produced goods and services).



i think this equation it is realy variable...
P it is associate to the high bitcoin volatility
Q it is really hard to quantify!!!

so, it is very hard to get some "understandable" result from it...

IMAHO....

It´s a macroeconomic concept. And M (fiat money) can increase ad infinitum but bitcoin can´t.

zlatanBorec
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
February 09, 2015, 08:03:33 PM
 #12

According to the Book of Knowledge it´s an equation of exchange

M   is the total nominal amount of money supply in circulation on average in an economy.
V  is the velocity of money, that is the average frequency with which a unit of money is spent.
P  is the price level.
Q  is an index of real expenditures (on newly produced goods and services).


i think this equation it is realy variable...
P it is associate to the high bitcoin volatility
Q it is really hard to quantify!!!

so, it is very hard to get some "understandable" result from it...

IMAHO....

It´s a macroeconomic concept. And M (fiat money) can increase ad infinitum but bitcoin can´t.

this is true!!!
now i understand better!!!
thanx!!!
D05GTO
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
February 09, 2015, 08:16:38 PM
 #13

I think M = Deflationary with bitcoin.   Heck, I've lost a btc myself.. darn you complex password!!!  So it'll be M-dumbass's like me. LOL




 
 
           ▄████▄
         ▄████████▄
       ▄████████████▄
     ▄████████████████▄
    ████████████████████      ▄█▄                 ▄███▄                 ▄███▄                 ▄████████████████▀   ▄██████████

  ▄▄▄▀█████▀▄▄▄▄▀█████▀▄▄▄     ▀██▄             ▄██▀ ▀██▄             ▄██▀ ▀██▄             ▄██▀                   ██
▄█████▄▀▀▀▄██████▄▀▀▀▄█████▄     ▀██▄         ▄██▀     ▀██▄         ▄██▀     ▀██▄         ▄██▀        ▄█▄          ▀██████████████▄
████████████████████████████       ▀██▄     ▄██▀         ▀██▄     ▄██▀         ▀██▄     ▄██▀          ▀█▀                        ██
 ▀████████████████████████▀          ▀██▄ ▄██▀             ▀██▄ ▄██▀     ▄█▄     ▀██▄ ▄██▀                                       ██
   ▀████████████████████▀              ▀███▀                 ▀███▀       ▀█▀       ▀███▀      ▄███████████████████████████████████▀
     ▀████████████████▀
       ▀████████████▀
         ▀████████▀
           ▀████▀
║║


║║
.
.

║║
██
║║
.
.

║║
██
║║
.
║║


║║
bugmenot
Full Member
***
Offline Offline

Activity: 126
Merit: 100

No Justice No Peace


View Profile
February 09, 2015, 08:18:19 PM
 #14

Let's talk about truth!! No. of bitcoins are 130 Millions..

I AM DONE
pereira4
Legendary
*
Offline Offline

Activity: 1414
Merit: 1052


View Profile
February 09, 2015, 10:41:45 PM
 #15

Let's talk about truth!! No. of bitcoins are 130 Millions..
Mmm, what are we talking about here?
total amount of bitcoins is 21 million this is basic..
Abbey_j
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250



View Profile
February 10, 2015, 02:25:30 AM
 #16

The total number of bitcoins must be:   M = (PQ) / V

How do you get the "V", Check the Blockchain? But there are some off-chain transaction been made everyday.
odolvlobo
Legendary
*
Offline Offline

Activity: 2464
Merit: 1299



View Profile
February 10, 2015, 02:28:30 AM
 #17

It would probably be better to write it like this since M is "fixed":

P = MV/Q


Buy bitcoins with cash from somebody near you: LocalBitcoins
Buy stuff on Amazon at a discount with bitcoins or convert Amazon points to bitcoins: Purse.io
Join an anti-signature campaign: DannyHamilton's ignore list
deepestfear
Sr. Member
****
Offline Offline

Activity: 292
Merit: 250


View Profile
February 10, 2015, 05:35:02 AM
 #18

13.82m mined as on date, we will be over 75% mined by the next halving. We are at around 65% of max supply right now

unsoindovo
Legendary
*
Offline Offline

Activity: 1652
Merit: 1022


View Profile
February 10, 2015, 09:29:04 AM
 #19

Let's talk about truth!! No. of bitcoins are 130 Millions..

this is wrong!!!!

check here

https://en.bitcoin.it/wiki/Controlled_supply
unsoindovo
Legendary
*
Offline Offline

Activity: 1652
Merit: 1022


View Profile
February 10, 2015, 09:29:25 AM
 #20

Let's talk about truth!! No. of bitcoins are 130 Millions..
Mmm, what are we talking about here?
total amount of bitcoins is 21 million this is basic..

this is correct!!!

same link....
https://en.bitcoin.it/wiki/Controlled_supply
Pages: [1] 2 3 4 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!