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Topic: Block 350,000 due in the next few hours (Read 1707 times)

gentlemand
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Block 350,000 due in the next few hours
March 30, 2015, 06:14:46 PM
#31
Quote from: Kupsi on March 30, 2015, 06:14:01 PM
Quote from: gentlemand on March 30, 2015, 05:48:16 PM
Quote from: Raystonn on March 30, 2015, 05:36:38 PM
I thought the Block 0 mining reward was not spendable?


Correct - https://en.bitcoin.it/wiki/Genesis_block

https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

And that's really the only address people should be using for burning coins. I've never been too sure how the other ones could prove the private keys were lost.

It's only the mining reward that can't be spent. All coins sent there can be spent.

Oh. Silly me. I stand corrected.
Kupsi
legendary
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
Re: Block 350,000 due in the next few hours
March 30, 2015, 06:14:01 PM
#30
Quote from: gentlemand on March 30, 2015, 05:48:16 PM
Quote from: Raystonn on March 30, 2015, 05:36:38 PM
I thought the Block 0 mining reward was not spendable?


Correct - https://en.bitcoin.it/wiki/Genesis_block

https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

And that's really the only address people should be using for burning coins. I've never been too sure how the other ones could prove the private keys were lost.

It's only the mining reward that can't be spent. All coins sent there can be spent.
hdbuck
legendary
Activity: 1260
Merit: 1002
Re: Block 350,000 due in the next few hours
March 30, 2015, 06:06:09 PM
#29
Quote from: gentlemand on March 30, 2015, 05:57:15 PM
Quote from: Raystonn on March 30, 2015, 05:50:18 PM

Has anyone ever counted the provably-burned coins?


The two most famous is the counterparty one https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr that they used to issue Counterparty's currency in return for killing your BTC http://counterparty.io/news/why-proof-of-burn/

and bitcoineater https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE but I've no idea what purpose that served.

I'm sure there are a few more official uses of them too.

crazy people.
gentlemand
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Re: Block 350,000 due in the next few hours
March 30, 2015, 05:57:15 PM
#28
Quote from: Raystonn on March 30, 2015, 05:50:18 PM

Has anyone ever counted the provably-burned coins?


The two most famous is the counterparty one https://blockchain.info/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr that they used to issue Counterparty's currency in return for killing your BTC http://counterparty.io/news/why-proof-of-burn/

and bitcoineater https://blockchain.info/address/1BitcoinEaterAddressDontSendf59kuE but I've no idea what purpose that served.

I'm sure there are a few more official uses of them too.
Raystonn
sr. member
Activity: 364
Merit: 250
Re: Block 350,000 due in the next few hours
March 30, 2015, 05:50:18 PM
#27
Quote from: gentlemand on March 30, 2015, 05:48:16 PM
Quote from: Raystonn on March 30, 2015, 05:36:38 PM
I thought the Block 0 mining reward was not spendable?


Correct - https://en.bitcoin.it/wiki/Genesis_block

https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

And that's really the only address people should be using for burning coins. I've never been too sure how the other ones could prove the private keys were lost.

Has anyone ever counted the provably-burned coins?

gentlemand
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
Re: Block 350,000 due in the next few hours
March 30, 2015, 05:48:16 PM
#26
Quote from: Raystonn on March 30, 2015, 05:36:38 PM
I thought the Block 0 mining reward was not spendable?


Correct - https://en.bitcoin.it/wiki/Genesis_block

https://blockchain.info/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

And that's really the only address people should be using for burning coins. I've never been too sure how the other ones could prove the private keys were lost.
Raystonn
sr. member
Activity: 364
Merit: 250
Re: Block 350,000 due in the next few hours
March 30, 2015, 05:36:38 PM
#25
I thought the Block 0 mining reward was not spendable?
nachoig
sr. member
Activity: 252
Merit: 250
Re: Block 350,000 due in the next few hours
March 30, 2015, 05:34:40 PM
#24
Quote from: Meuh6879 on March 30, 2015, 05:21:25 PM
Oops, a little bug ?  Cheesy



People here are forgetting the block #0. So, the block which bringed the 14 millionth bitcoin is the #349999.
hdbuck
legendary
Activity: 1260
Merit: 1002
Re: Block 350,000 due in the next few hours
March 30, 2015, 05:27:26 PM
#23
Quote from: keystroke on March 30, 2015, 01:55:35 PM
14 million coins here we come. Nobody notices in the media because people don't really know about the block reward schedule. It's too technical for most people, despite the fact that the having is such a major economic event. Their loss. Wild parties are brewing on the streets... the countdown has begun... 17 blocks remaining.

Remember the bitcoin reaches $1000 party in Germany? Maybe we should have a halving party instead. It can be more or less extravagant depending on the price of the coin at the time. Wink


Meuh6879
legendary
Activity: 1512
Merit: 1012
Re: Block 350,000 due in the next few hours
March 30, 2015, 05:21:25 PM
#22
Oops, a little bug ?  Cheesy

coinableS
legendary
Activity: 1442
Merit: 1186
Re: Block 350,000 due in the next few hours
March 30, 2015, 05:20:07 PM
#21
350,000!!!
I'm so happy I could cry!!
Raystonn
sr. member
Activity: 364
Merit: 250
Re: Block 350,000 due in the next few hours
March 30, 2015, 05:18:58 PM
#20
Block 350,000 confirmed.  14,000,000 Bitcoins of the total 21,000,000 that will ever exist have now been mined.  Only 50% of the current Bitcoin supply can possibly ever be added to the market to dilute existing value.
bitkilo
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
Re: Block 350,000 due in the next few hours
March 30, 2015, 05:18:31 PM
#19
BLOCK 350,000 JUST FOUND! by https://blockchain.info/blocks/F2Pool
Raystonn
sr. member
Activity: 364
Merit: 250
Re: Block 350,000 due in the next few hours
March 30, 2015, 05:17:30 PM
#18
The Blockchain is such a tease...
Meuh6879
legendary
Activity: 1512
Merit: 1012
Re: Block 350,000 due in the next few hours
March 30, 2015, 05:16:52 PM
#17
a long one ...
coinableS
legendary
Activity: 1442
Merit: 1186
Re: Block 350,000 due in the next few hours
March 30, 2015, 04:57:29 PM
#16
349999!!  Grin  We're almost there. Who's going to get the champagne ready?
Raystonn
sr. member
Activity: 364
Merit: 250
Re: Block 350,000 due in the next few hours
March 30, 2015, 04:56:38 PM
#15
349,999
Meuh6879
legendary
Activity: 1512
Merit: 1012
Re: Block 350,000 due in the next few hours
March 30, 2015, 04:47:18 PM
#14
Quote from: Lauda on March 30, 2015, 03:18:51 PM
People are more dumb than ever. There is nothing technical about the supply.

We are the evolution (of the society).
We trust the job of the ledger.
We reward miner for the job.
We will win at the end (not so far ... now).
Meuh6879
legendary
Activity: 1512
Merit: 1012
Re: Block 350,000 due in the next few hours
March 30, 2015, 04:45:37 PM
#13
 Cheesy

Raystonn
sr. member
Activity: 364
Merit: 250
Re: Block 350,000 due in the next few hours
March 30, 2015, 04:32:19 PM
#12
349,995, and 349,996 just confirmed.
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