Topic: 21 million not never !!! (Read 3857 times)

Quote from: Lauda on April 07, 2015, 03:11:58 PM

if the 30% of bitcoin lost is true then the price, should not go even below 1k, but we are at 200, the price is more related to interest(you can call this adoption) of people in bitcoin than its supply

You have no idea what you're talking about. Read Economics 101 for newbies: http://www.whatiseconomics.org/economics-101
I'm not even gonna bother to tell you and provide links to why you're wrong on so many levels. You should rather do it yourself this time instead of making a crazy amount of posts a day.

i don't need to read that link, the price speak for itself, the interest(average people interest, not rich guy, talking about the majority of people in the world) is important at least like the supply, supply isn't everything, just because a things is scarse doesn't mean it will be worth more in the future

p.s. i'm making tons of posts a day, because i have all the day free

Yes but we are not talking about ordinary things. Yes some things fade away as the trend falls but bitcoin is in its genesis right now, this technology is so new, and bitcoin itself as a payment system, that people will want it.

Of course not now, but once they awaken that card dealers are thieves charge 4% comission, and bank transfer 10% comission really? As of bitcoin is only 0.0001 BTC (<1 cent)

So eventually the more time will pass the more interested people will be. And many card dealers will go bankrupt soon.

well yes but this is just a possibility, there is no guarantee that the interest for bitcoin will grow with time, because there are chances that bitcoin will die before reaching that status, or the interest of people shift to another better currency, while bitcoin even with its 21M mined, will remain at $200 dollars price

the interest of people is unstable as bitcoin, you know...

Quote from: Amph on April 07, 2015, 03:12:50 PM

i don't need to read that link, the price speak for itself, the interest(average people interest, not rich guy, talking about the majority of people in the world) is important at least like the supply, supply isn't everything, just because a things is scarse doesn't mean it will be worth more in the future

p.s. i'm making tons of posts a day, because i have all the day free

I'm actually not surprised that you think that you know what you're talking about without any visible knowledge. Sure, don't educate yourself. You don't need to read, learn, stay ignorant. How about we start pulling more facts and bold statements out of magical hats?
Yes, this seems to be the case. Your posts are often rather very contributing.

I don't think that the current generation should worry about the supply after 2100. We will most likely not live to see the day. Besides, we have more important things to work on right now.

there is nothing to be educate by reading that link, it's a simple fact, you can't take into account only the supply, there are many other variables that influence the price

Thats simply not true. If the crypto currencies will survive, and they have no reason not to, govenrments cant shut down every one of them without exposing themselves and creating big controversy.

Otherwise there is demand for it, global banking system sucks, so here is a healthy alternative.

And until 1 crypto grows, it grows all cryptos, 1 shill-coin can advertise the whole industry by itself, and people will diversify, and since bitcoin is the 1st one it has a pretty good change of succeeding even if a better one comes along, unless some security flaws will be found , no reason why bitcoin would die.

i'm not talking about crypto in general, but about bitcoin(the rest are just clone), you can't say for sure that in 10-20-30 years bitcoin will be still alive no matter what

there is a chance even if it remotely(actually it isn't, at this point it's already at 25% dies, 75% survive or worse...)that bitcoin will not survive

and you are wrong about shutting down many of those scam coins, even one miner with a good hash can shut down many of them, because they have so low diff that they can be 51%'d so easily it's not even funny

government would not even bother to shut down those coin

GreenStox

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Activity: 1148

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Quote from: GreenStox on April 07, 2015, 03:04:34 PM

Quote from: Lauda on April 07, 2015, 03:11:58 PM

if the 30% of bitcoin lost is true then the price, should not go even below 1k, but we are at 200, the price is more related to interest(you can call this adoption) of people in bitcoin than its supply

You have no idea what you're talking about. Read Economics 101 for newbies: http://www.whatiseconomics.org/economics-101
I'm not even gonna bother to tell you and provide links to why you're wrong on so many levels. You should rather do it yourself this time instead of making a crazy amount of posts a day.

i don't need to read that link, the price speak for itself, the interest(average people interest, not rich guy, talking about the majority of people in the world) is important at least like the supply, supply isn't everything, just because a things is scarse doesn't mean it will be worth more in the future

p.s. i'm making tons of posts a day, because i have all the day free

Yes but we are not talking about ordinary things. Yes some things fade away as the trend falls but bitcoin is in its genesis right now, this technology is so new, and bitcoin itself as a payment system, that people will want it.

Of course not now, but once they awaken that card dealers are thieves charge 4% comission, and bank transfer 10% comission really? As of bitcoin is only 0.0001 BTC (<1 cent)

So eventually the more time will pass the more interested people will be. And many card dealers will go bankrupt soon.

well yes but this is just a possibility, there is no guarantee that the interest for bitcoin will grow with time, because there are chances that bitcoin will die before reaching that status, or the interest of people shift to another better currency, while bitcoin even with its 21M mined, will remain at $200 dollars price

the interest of people is unstable as bitcoin, you know...

Quote from: Lauda on April 08, 2015, 06:59:37 AM

i don't need to read that link, the price speak for itself, the interest(average people interest, not rich guy, talking about the majority of people in the world) is important at least like the supply, supply isn't everything, just because a things is scarse doesn't mean it will be worth more in the future

p.s. i'm making tons of posts a day, because i have all the day free

I'm actually not surprised that you think that you know what you're talking about without any visible knowledge. Sure, don't educate yourself. You don't need to read, learn, stay ignorant. How about we start pulling more facts and bold statements out of magical hats?
Yes, this seems to be the case. Your posts are often rather very contributing.

I don't think that the current generation should worry about the supply after 2100. We will most likely not live to see the day. Besides, we have more important things to work on right now.

there is nothing to be educate by reading that link, it's a simple fact, you can't take into account only the supply, there are many other variables that influence the price

Thats simply not true. If the crypto currencies will survive, and they have no reason not to, govenrments cant shut down every one of them without exposing themselves and creating big controversy.

Otherwise there is demand for it, global banking system sucks, so here is a healthy alternative.

And until 1 crypto grows, it grows all cryptos, 1 shill-coin can advertise the whole industry by itself, and people will diversify, and since bitcoin is the 1st one it has a pretty good change of succeeding even if a better one comes along, unless some security flaws will be found , no reason why bitcoin would die.

Muhammed Zakir

hero member

Activity: 560

Merit: 509

I prefer Zakir over Muhammed when mentioning me!

He should have learned more about it. There blackholes are interesting. How did you find about them?
We definitely can't reach 21 million. Even fiat gets destroyed. Bitcoin can be easily sent to the wrong address, wallets lost, passwords forgotten and such.

There have been discusions about Blackholes.

• https://bitcointalksearch.org/topic/the-bitcoin-black-hole-21552
• https://bitcointalksearch.org/topic/possible-solution-for-recovering-lost-bitcoin-to-the-blackhole-58206

There maybe more than these but I couldn't find any more.

Edit: Other(s).

• https://bitcointalksearch.org/topic/blackhole-address-generator-online-webapp-457338

Edit-2: • https://bitcointalksearch.org/topic/how-to-make-custom-address-without-private-key-973998

Edit-3: • https://bitcointalksearch.org/topic/bitcoin-vanity-burner-custom-vanity-address-without-private-key-generator-1007269

Lauda

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Activity: 2674

Merit: 3000

Terminated.

Quote from: Muhammed Zakir on April 07, 2015, 06:20:37 PM

I'm actually hoping that he used the wrong word in this case. Because definitely does not fit into that sentence at all. We can't know if the coins are or aren't lost. We can know if someone publicly says that they've lost access to address X or their HDD died with address Y etc. Bitcoin is divisible, so even if we lost 80% of the supply it still could be used.

He used it maybe because of the big amount of Bitcoins stored in it. He may have thought private keys of such address are kept safe.

Bitcoin blackholes:

• https://www.blocktrail.com/BTC/address/1BitcoinEaterAddressDontSendf59kuE
• https://www.blocktrail.com/BTC/address/1111111111111111111114oLvT2
• https://www.blocktrail.com/BTC/address/11111111111111111111BZbvjr

P.S. There maybe more blackholes, these are what I was able to find.

He should have learned more about it. There blackholes are interesting. How did you find about them?
We definitely can't reach 21 million. Even fiat gets destroyed. Bitcoin can be easily sent to the wrong address, wallets lost, passwords forgotten and such.

Muhammed Zakir

hero member

Activity: 560

Merit: 509

I prefer Zakir over Muhammed when mentioning me!

Quote from: GreenStox on April 07, 2015, 03:04:34 PM

Quote

definitely

without doubt (used for emphasis).
in a definite manner; clearly.

I'm actually hoping that he used the wrong word in this case. Because definitely does not fit into that sentence at all. We can't know if the coins are or aren't lost. We can know if someone publicly says that they've lost access to address X or their HDD died with address Y etc. Bitcoin is divisible, so even if we lost 80% of the supply it still could be used.

He used it maybe because of the big amount of Bitcoins stored in it. He may have thought private keys of such address are kept safe.

Bitcoin blackholes:

• https://www.blocktrail.com/BTC/address/1BitcoinEaterAddressDontSendf59kuE
• https://www.blocktrail.com/BTC/address/1111111111111111111114oLvT2
• https://www.blocktrail.com/BTC/address/11111111111111111111BZbvjr

P.S. There maybe more blackholes, these are what I was able to find.

crazyearner

legendary

Activity: 1820

Merit: 1001

Is hard to say how much is lost due to people mining in early days and never spending and then throwing their wallets away as maybe thought mehh worthless coins. Is like plenty of stories I have come across with lost wallets or hard drives some recovered but others lots out on. Id say mabe 10 to 15% or more is lost due to wallets being lost or never given thoguht when getting a holed of them when first started out.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Lauda on April 07, 2015, 03:11:58 PM

if the 30% of bitcoin lost is true then the price, should not go even below 1k, but we are at 200, the price is more related to interest(you can call this adoption) of people in bitcoin than its supply

You have no idea what you're talking about. Read Economics 101 for newbies: http://www.whatiseconomics.org/economics-101
I'm not even gonna bother to tell you and provide links to why you're wrong on so many levels. You should rather do it yourself this time instead of making a crazy amount of posts a day.

i don't need to read that link, the price speak for itself, the interest(average people interest, not rich guy, talking about the majority of people in the world) is important at least like the supply, supply isn't everything, just because a things is scarse doesn't mean it will be worth more in the future

p.s. i'm making tons of posts a day, because i have all the day free

Yes but we are not talking about ordinary things. Yes some things fade away as the trend falls but bitcoin is in its genesis right now, this technology is so new, and bitcoin itself as a payment system, that people will want it.

Of course not now, but once they awaken that card dealers are thieves charge 4% comission, and bank transfer 10% comission really? As of bitcoin is only 0.0001 BTC (<1 cent)

So eventually the more time will pass the more interested people will be. And many card dealers will go bankrupt soon.

well yes but this is just a possibility, there is no guarantee that the interest for bitcoin will grow with time, because there are chances that bitcoin will die before reaching that status, or the interest of people shift to another better currency, while bitcoin even with its 21M mined, will remain at $200 dollars price

the interest of people is unstable as bitcoin, you know...

i don't need to read that link, the price speak for itself, the interest(average people interest, not rich guy, talking about the majority of people in the world) is important at least like the supply, supply isn't everything, just because a things is scarse doesn't mean it will be worth more in the future

p.s. i'm making tons of posts a day, because i have all the day free

I'm actually not surprised that you think that you know what you're talking about without any visible knowledge. Sure, don't educate yourself. You don't need to read, learn, stay ignorant. How about we start pulling more facts and bold statements out of magical hats?
Yes, this seems to be the case. Your posts are often rather very contributing.

I don't think that the current generation should worry about the supply after 2100. We will most likely not live to see the day. Besides, we have more important things to work on right now.

there is nothing to be educate by reading that link, it's a simple fact, you can't take into account only the supply, there are many other variables that influence the price

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

i don't need to read that link, the price speak for itself, the interest(average people interest, not rich guy, talking about the majority of people in the world) is important at least like the supply, supply isn't everything, just because a things is scarse doesn't mean it will be worth more in the future

p.s. i'm making tons of posts a day, because i have all the day free

I'm actually not surprised that you think that you know what you're talking about without any visible knowledge. Sure, don't educate yourself. You don't need to read, learn, stay ignorant. How about we start pulling more facts and bold statements out of magical hats?
Yes, this seems to be the case. Your posts are often rather very contributing.

I don't think that the current generation should worry about the supply after 2100. We will most likely not live to see the day. Besides, we have more important things to work on right now.

GreenStox

sr. member

Activity: 1148

Merit: 252

Undeads.com - P2E Runner Game

if the 30% of bitcoin lost is true then the price, should not go even below 1k, but we are at 200, the price is more related to interest(you can call this adoption) of people in bitcoin than its supply

You have no idea what you're talking about. Read Economics 101 for newbies: http://www.whatiseconomics.org/economics-101
I'm not even gonna bother to tell you and provide links to why you're wrong on so many levels. You should rather do it yourself this time instead of making a crazy amount of posts a day.

i don't need to read that link, the price speak for itself, the interest(average people interest, not rich guy, talking about the majority of people in the world) is important at least like the supply, supply isn't everything, just because a things is scarse doesn't mean it will be worth more in the future

p.s. i'm making tons of posts a day, because i have all the day free

Yes but we are not talking about ordinary things. Yes some things fade away as the trend falls but bitcoin is in its genesis right now, this technology is so new, and bitcoin itself as a payment system, that people will want it.

Of course not now, but once they awaken that card dealers are thieves charge 4% comission, and bank transfer 10% comission really? As of bitcoin is only 0.0001 BTC (<1 cent)

So eventually the more time will pass the more interested people will be. And many card dealers will go bankrupt soon.

Amph

legendary

Activity: 3248

Merit: 1070

if the 30% of bitcoin lost is true then the price, should not go even below 1k, but we are at 200, the price is more related to interest(you can call this adoption) of people in bitcoin than its supply

You have no idea what you're talking about. Read Economics 101 for newbies: http://www.whatiseconomics.org/economics-101
I'm not even gonna bother to tell you and provide links to why you're wrong on so many levels. You should rather do it yourself this time instead of making a crazy amount of posts a day.

i don't need to read that link, the price speak for itself, the interest(average people interest, not rich guy, talking about the majority of people in the world) is important at least like the supply, supply isn't everything, just because a things is scarse doesn't mean it will be worth more in the future

p.s. i'm making tons of posts a day, because i have all the day free

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.