4 million effective BTC's have been made by FTC/CNC = 17% drop of BTC - page 2.

jubalix

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Quote from: chriswen on May 02, 2013, 09:12:09 PM

Quote from: jubalix on May 02, 2013, 08:57:42 PM

Quote from: chriswen on May 02, 2013, 08:50:19 PM

Your numbers are also wrong.

counter examples are always good

CHN - 42211 blocks @ 88 CHN per block @ 20LTC/1000CHN (optimistic) = 0.64 BTC/1kCHN
FTC - 29456 blocks @ 200 FTC per block @ 4.93 BTC/1k CHN (very optimistic)

Total - 2377.32 + 29043.62 = 31420.94

So, that's like 31.5 k effective BTC that have been made.

That's off by a lot from your suggested 4 million.

your doing it by blocks, now, I think that the market discounts that as they know totals

chriswen

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Quote from: jubalix on May 02, 2013, 08:57:42 PM

Quote from: chriswen on May 02, 2013, 08:50:19 PM

Your numbers are also wrong.

counter examples are always good

CHN - 42211 blocks @ 88 CHN per block @ 20LTC/1000CHN (optimistic) = 0.64 BTC/1kCHN
FTC - 29456 blocks @ 200 FTC per block @ 4.93 BTC/1k CHN (very optimistic)

Total - 2377.32 + 29043.62 = 31420.94

So, that's like 31.5 k effective BTC that have been made.

That's off by a lot from your suggested 4 million.

jubalix

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Quote from: chriswen on May 02, 2013, 08:50:19 PM

Your numbers are also wrong.

counter examples are always good

chriswen

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Your numbers are also wrong.

Twerka

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BTC was already 17% down when FTC shows up on BTCe, and the price double.
So no.

jubalix

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Quote from: Piper67 on May 02, 2013, 08:25:46 PM

Quote from: jubalix on May 02, 2013, 08:15:57 PM

Quote from: Piper67 on May 02, 2013, 08:14:18 PM

Not to mention how much BTC has been diluted by all those USD, Euros, GBP, CAD being printed all the time.

Not sure if trolling or purposefully unintelligent Cheesy

Yes, but this is internal to BTC, as they are only traded against BTC

It's irrelevant. The value moves from one to the other, as long as the loop remains open. The key factor is retention of BTC, whether against altcoins or fiat makes absolutely no difference.

We know you really REALLY want your altcoins to succeed, but isn't one thread enough?

I don't have any CNC

and only 100 FTC,

so no I am not a large holder of them.

I however am considering buying CNC....

Piper67

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Quote from: jubalix on May 02, 2013, 08:15:57 PM

Quote from: Piper67 on May 02, 2013, 08:14:18 PM

Not to mention how much BTC has been diluted by all those USD, Euros, GBP, CAD being printed all the time.

Not sure if trolling or purposefully unintelligent Cheesy

Yes, but this is internal to BTC, as they are only traded against BTC

It's irrelevant. The value moves from one to the other, as long as the loop remains open. The key factor is retention of BTC, whether against altcoins or fiat makes absolutely no difference.

We know you really REALLY want your altcoins to succeed, but isn't one thread enough?

notig

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if it's only traded from and to BTC that means any dilution is only an illusion since eventually it has to come back

right?

jubalix

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Quote from: Piper67 on May 02, 2013, 08:14:18 PM

Not to mention how much BTC has been diluted by all those USD, Euros, GBP, CAD being printed all the time.

Not sure if trolling or purposefully unintelligent Cheesy

Yes, but this is internal to BTC, as they are only traded against BTC

Piper67

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Merit: 1001

Not to mention how much BTC has been diluted by all those USD, Euros, GBP, CAD being printed all the time.

Not sure if trolling or purposefully unintelligent Cheesy

jubalix

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I think this deserves the broader forum

4 Mill BTC made in 2 weeks....?

In the last week for so we have seen FTC and if the last two days CNC

FTC has achieved 0.005 BTC already and CNC looks to do at least this, and between them there are circa 800,000,000 Coins

Accordingly we can work out the dilutes BTC, in very broad brush strokes

360000000 0.005 1800000 1.8 million BTC
462000000 0.005 2310000 2.31 million BTC
822000000 0.01 4110000 4.11 BTC



   100
   21 25.11
   0.836320191 83.63201912 <----21M/25.11 M

Thus effectively dropping BTC value by 17% !!!, which is quite close to the drop in the last 2 days

and because of the vast number of coins each 0.001 rise has a massive effect.

It appears that BTC may be diluted (inflated this way) this way

Topic: 4 million effective BTC's have been made by FTC/CNC = 17% drop of BTC - page 2. (Read 2413 times)