POLL: How many bitcoins do you CURRENTLY have?

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: v0rt3x666 on May 17, 2011, 11:53:44 AM

I got lucky and minted a block of 50 about a week ago. I don't expect that to happen again soon, but it was pretty exciting!

I'm wondering how many to keep and how many to let go. Do I understand right, that for my minted coins, on the ones I spend and release into the market, I collect any transaction fees on my coins as they are spent through the economy?

I forgot the post was from 2011... I was about to ask you how much power you had!!

Quote from: Timo Y on May 17, 2011, 11:45:44 AM

Quote from: eMansipater on May 05, 2011, 11:22:20 PM

Your dad is a wise man--BitCoin itself is supposed to be a currency, not a moneymaker.

Bitcoin is whatever the market decides it is.

Quote

The real work of growing the BitCoin economy requires people to build businesses and earn wages in bitcoins.

Even if Bitcoin was used purely as an investment vehicle it could still become a large and sustainable economy in its own right.

Quote

People making money in mining or speculating right now are just profiting off of being ahead of the curve. It's still a long, hard road before BitCoin becomes stable and established. There's no such thing as free money!

Yes there is. Every time anyone in history has managed to raise productivity simply by doing things more cleverly, new wealth was created without the need for extra work. This new wealth is effectively free money emerging out of thin air. Bitcoin is one such example.

"Every time anyone in history has managed to raise productivity simply by doing things more cleverly, new wealth was created without the need for extra work. This new wealth is effectively free money emerging out of thin air. Bitcoin is one such example." I think it is worth quoting you here

I was redirected here from https://bitcointalk.org/index.php?topic=556079.new#new

ribuck

donator

Activity: 826

Merit: 1060

Quote from: v0rt3x666 on May 17, 2011, 11:53:44 AM

Do I understand right, that for my minted coins, on the ones I spend and release into the market, I collect any transaction fees on my coins as they are spent through the economy?

No. You collect transaction fees, if any, when you generate the block. Instead of getting 50 bitcoins for the block, you will occasionally see that you got, say, 50.2 bitcoins because the block you generated included someone's very large or very small transactions.

carbonpenguin

full member

Activity: 236

Merit: 100

I bought twenty early on, but have been slowly accumulating them through donations from my writing (i.e. http://cuhistory.blogspot.com/2011/05/coming-micro-ownership-revolution.html) and the profits from selling t-shirts (http://www.iusecoins.com). My general policy thus far has been to cash out about 25% of what I make commercially to cover expenses and hedge against the risk of the whole thing going up in smoke, while hanging on to the rest...

elewton

full member

Activity: 407

Merit: 100

DIA | Data infrastructure for DeFi

Sorry, no. That'd be cool, but once you sell a Bitcoin, it's gone.

v0rt3x666

newbie

Activity: 3

Merit: 0

I got lucky and minted a block of 50 about a week ago. I don't expect that to happen again soon, but it was pretty exciting!

I'm wondering how many to keep and how many to let go. Do I understand right, that for my minted coins, on the ones I spend and release into the market, I collect any transaction fees on my coins as they are spent through the economy?

Timo Y

legendary

Activity: 938

Merit: 1001

bitcoin - the aerogel of money

Quote from: eMansipater on May 05, 2011, 11:22:20 PM

Your dad is a wise man--BitCoin itself is supposed to be a currency, not a moneymaker.

Bitcoin is whatever the market decides it is.

Quote

The real work of growing the BitCoin economy requires people to build businesses and earn wages in bitcoins.

Even if Bitcoin was used purely as an investment vehicle it could still become a large and sustainable economy in its own right.

Quote

People making money in mining or speculating right now are just profiting off of being ahead of the curve. It's still a long, hard road before BitCoin becomes stable and established. There's no such thing as free money!

Yes there is. Every time anyone in history has managed to raise productivity simply by doing things more cleverly, new wealth was created without the need for extra work. This new wealth is effectively free money emerging out of thin air. Bitcoin is one such example.

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: codemojo on May 17, 2011, 11:10:22 AM

This should probably be more Gaussian, but I'm putting it out anyway as a thought experiment:

1 person, Satoshi, has a million BTC
10 have 100.000 BTC (2 MIO total)
100 have 10.000 BTC (3 MIO total)
1000 have 1.000 BTC (4 MIO total)
10000 have 100 BTC (5 MIO total)
100000 have 10 BTC (6 MIO total)

1 + 10 + 100 + 1 000 + 10 000 + 100 000 = 111 111 users

Very interesting... I wonder how well that would actually match up with the real-world statistics.

codemojo

jr. member

Activity: 35

Merit: 4

This should probably be more Gaussian, but I'm putting it out anyway as a thought experiment:

1 person, Satoshi, has a million BTC
10 have 100.000 BTC (2 MIO total)
100 have 10.000 BTC (3 MIO total)
1000 have 1.000 BTC (4 MIO total)
10000 have 100 BTC (5 MIO total)
100000 have 10 BTC (6 MIO total)

1 + 10 + 100 + 1 000 + 10 000 + 100 000 = 111 111 users

ploum

sr. member

Activity: 428

Merit: 254

Quote from: Rena on May 08, 2011, 11:31:07 PM

0.05.

I don't have any equipment to mine with and they're surprisingly difficult to buy if you don't have PayPal, so...

Offer something against bitcoins. Goods or services ;-)

Rena

newbie

Activity: 19

Merit: 0

0.05.

I don't have any equipment to mine with and they're surprisingly difficult to buy if you don't have PayPal, so...

DareC

member

Activity: 83

Merit: 10

Currently 20 and a bit in my wallet. Besides my 0.05 from the faucet, all of it is from mining on the 6990 I bought less than a week ago mostly for that purpose (but also because it's awesome).

gigabytecoin

sr. member

Activity: 280

Merit: 252

Quote from: PwrLeveld on May 05, 2011, 11:25:30 PM

Well, I just want to use it as a way to pay off the difrence between my current grafics card and a 5770. It would not take that long to get that many bitcoins if running 24/7.

That's the spirit.

PwrLeveld

member

Activity: 336

Merit: 10

Computta Mine Your Own BTC

Well, I just want to use it as a way to pay off the difrence between my current grafics card and a 5770. It would not take that long to get that many bitcoins if running 24/7.

eMansipater

sr. member

Activity: 294

Merit: 273

Your dad is a wise man--BitCoin itself is supposed to be a currency, not a moneymaker. The real work of growing the BitCoin economy requires people to build businesses and earn wages in bitcoins. People making money in mining or speculating right now are just profiting off of being ahead of the curve. It's still a long, hard road before BitCoin becomes stable and established. There's no such thing as free money!

PwrLeveld

member

Activity: 336

Merit: 10

Computta Mine Your Own BTC

Quote from: Garrett Burgwardt on May 05, 2011, 08:56:40 PM

Quote from: PwrLeveld on May 05, 2011, 08:50:59 PM

I have less then 1 as I spent some and only have a radeon 5670 and I don't run it 24/7. Also, I only found this from ocn the other day and am quite mad they don't allow discusion of bitcoin on their site.

Well you can certainly discuss bitcoin here Cheesy

Just a suggestion, if you're just here for the mining, take a few minutes to read over what bitcoin is and why it's so good - odds are you probably will want to actually use it rather than just mine

Oh, no I'm not here just for mining. I think the entire idea is great. My dad is just a little skeptical. He wories about the legality and also thinks it is a sort of get rich quick scheme. I think it is great to have a currency that is not goverment controlled especialy the way the US has been managing the money supply.

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: Alex Beckenham on May 05, 2011, 07:33:05 PM

I think you should also write 'You're lying!' next to the '0-10' option.

I have one of the following amounts:

152.73
1527.31
15273.19

No way! I still don't have 10 myself... want a screenshot of my deepbit account? Lol...

Garrett Burgwardt

sr. member

Activity: 406

Merit: 256

Quote from: PwrLeveld on May 05, 2011, 08:50:59 PM

I have less then 1 as I spent some and only have a radeon 5670 and I don't run it 24/7. Also, I only found this from ocn the other day and am quite mad they don't allow discusion of bitcoin on their site.

Well you can certainly discuss bitcoin here Cheesy

Just a suggestion, if you're just here for the mining, take a few minutes to read over what bitcoin is and why it's so good - odds are you probably will want to actually use it rather than just mine

PwrLeveld

member

Activity: 336

Merit: 10

Computta Mine Your Own BTC

I have less then 1 as I spent some and only have a radeon 5670 and I don't run it 24/7. Also, I only found this from ocn the other day and am quite mad they don't allow discusion of bitcoin on their site.

Alex Beckenham

full member

Activity: 154

Merit: 100

I think you should also write 'You're lying!' next to the '0-10' option.

I have one of the following amounts:

152.73
1527.31
15273.19

gigabytecoin

sr. member

Activity: 280

Merit: 252

Quote from: eleuthria on May 05, 2011, 01:46:53 PM

I'm generating around 50/day, but I'm selling off every 200-300 to ensure that my hardware is all paid off rather than holding it for speculation. Depending on difficulty jumps, all my 5 rigs should be paid for in about 5 weeks.

I'm still unsure about what the difficulty change will be AFTER this one due to the OCN thread causing a big spike in computing power during this difficulty, which is already starting to die down. The damage has already been done by it regarding the next jump, but I have a feeling the following jump will be minor (< 5%), or even a drop.

What if the difficulty goes through the roof, and you have sold all of your bitcoins to pay for your rig? Then you'll just be left with a bunch of video cards and nobody to sell them to Tongue

I suggest you hold on to them for at least a few more months.

Topic: POLL: How many bitcoins do you CURRENTLY have? (Read 4931 times)