Date is fixed.
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Topic: 2013-05-28 The Last New BTC Will Be Issued 15 to 55 Years Ahead Of Schedule (Read 1193 times)
May 29, 2013, 11:27:08 PM
May 29, 2013, 08:54:07 AM
Would be interesting to observe any increase in deflationary forces - if it all - if currency population was matured.
May 29, 2013, 08:52:53 AM
>15 to 55 Years Ahead Of Schedule
>Ahead Of Schedule
>Schedule
>implying there's a "schedule"
>Ahead Of Schedule
>Schedule
>implying there's a "schedule"
Well, there is a schedule, the article fails to understand that the schedule is measured in blocks, not minutes.
May 29, 2013, 08:45:41 AM
NO DATE?
Kiba, please ask admins about moderation rights in the "Press" section.
I mean, seriously.
+1
Well it took me a few minutes to find the articles fail assumption:
Quote
The chart below shows what would happen if the bitcoin network pulled 1% further ahead of schedule every year (i.e. 10 years forward is 10% further ahead of schedule) – a as has been the trend since 2010
Apparently, this guy never mined Namecoins before the merged mining took effect... it'll balance out eventually.
I don't believe mining power will continue to increase forever... unless the value of bitcoins continues to increase forever... ok, so I guess it's possible.
May 29, 2013, 04:51:38 AM
NO DATE?
Kiba, please ask admins about moderation rights in the "Press" section.
I mean, seriously.
May 28, 2013, 09:45:49 PM
Interesting but it is not a problem.
I would even call it good news because it is a function of interest in bitcoin and ongoing investment in the infrastructure
May 28, 2013, 08:46:30 PM
NO DATE?
May 28, 2013, 07:33:47 PM
>15 to 55 Years Ahead Of Schedule
>Ahead Of Schedule
>Schedule
>implying there's a "schedule"
>Ahead Of Schedule
>Schedule
>implying there's a "schedule"
May 28, 2013, 07:29:57 PM
Not gonna happen. The rate of mining increase is going to slow down. After ASICs, what new mining technology do you see will happen?
May 28, 2013, 04:36:55 PM
Interesting but it is not a problem.
May 28, 2013, 03:04:55 PM
Interest read. I kind of enjoyed this little part given how it was said in such a serious article:
"and Butterfly Labs supposedly, maybe, eventually delivering thousands of backordered units"
"and Butterfly Labs supposedly, maybe, eventually delivering thousands of backordered units"
May 28, 2013, 02:44:20 PM
Very interesting article:
http://www.thegenesisblock.com/at-this-rate-the-last-new-btc-will-be-issued-55-years-ahead-of-schedule/
I believe it can even happen faster.
http://www.thegenesisblock.com/at-this-rate-the-last-new-btc-will-be-issued-55-years-ahead-of-schedule/
I believe it can even happen faster.
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