Would the difficulty still be high?
The difficulty should still be automatically adjusted to maintain an average rate of one block every ten minutes.
Topic: 7,000,000 bitcoins ... - page 2. (Read 2272 times)
The difficulty should still be automatically adjusted to maintain an average rate of one block every ten minutes.
A bit off-topic, but anyway about bitcoin future:
I have question, every 210000 block, rewards for found block are cut by half. So I tried to calculate when approximately it will happen. According to my calculation we will reach 210000 blocks in 2012, 6th of December and 420000 blocks in 2016 3rd of December. Am I right?
I have question, every 210000 block, rewards for found block are cut by half. So I tried to calculate when approximately it will happen. According to my calculation we will reach 210000 blocks in 2012, 6th of December and 420000 blocks in 2016 3rd of December. Am I right?
Hm, isn't the very last bitcoin expected to get mined at year ∞?
The coins generated per block are suppose to half-life (or something) until 2033 (~ish). 
Hm, isn't the very last bitcoin expected to get mined at year ∞?
The second the last block is uncovered, a lot of people will probably be cashing out. Once that happens, we'll see a lot more action, provided Bitcoins are still viable.
The second I can pay rent with them though, I'm golden.
The second I can pay rent with them though, I'm golden.
There will never be a "last block." Blocks will always be generated, because that's where new transactions are processed/confirmed. However, after the 21m coin limit, there will no longer be coins created in the block. Instead, those still mining earn money from transaction fees... which, if Bitcoin is successful, will be very large in the future because each block will represent tens of thousands of transactions.
The second the last block is uncovered, a lot of people will probably be cashing out. Once that happens, we'll see a lot more action, provided Bitcoins are still viable.
The second I can pay rent with them though, I'm golden.
The second I can pay rent with them though, I'm golden.
There will never be a "last block." Blocks will always be generated, because that's where new transactions are processed/confirmed. However, after the 21m coin limit, there will no longer be coins created in the block. Instead, those still mining earn money from transaction fees... which, if Bitcoin is successful, will be very large in the future because each block will represent tens of thousands of transactions.
The second the last block is uncovered, a lot of people will probably be cashing out. Once that happens, we'll see a lot more action, provided Bitcoins are still viable.
The second I can pay rent with them though, I'm golden.
The second I can pay rent with them though, I'm golden.
Its bad, trading didn't even reach 1000btc .
Awwwright, partner. Keep on rollin', baby. You know what time it is.
Most are hoarded, only 10% keeps on rollin. Keep it rolling guys.
no good to hear! keep it rolling guys!
Most are hoarded, only 10% keeps on rollin. Keep it rolling guys.
are out there in the world! and a small fraction is seen moving around on exchanges ? what does this mean ? the rest is being hoarded ?
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