Pomp
@APompilano
The 19,000,000th bitcoin was just mined.
Only 2 million more bitcoin to go.
https://twitter.com/apompliano/status/1509930836417826817?s=21
19,000,000th has been mined, amazing. The rest will take much longer to mine though. We will not be alive when the final bitcoin is mined.
Topic: The 19 millionth bitcoin will be mined in the next 24 hours. - page 2. (Read 362 times)
Wow...never knew bitcoins mined already are still in their early years. What a nice development so far by bitcoin and more to come in the coming years. In the next 100 years to come, I just imagine how the market will be by then and how many people and countries would have venture and accepted bitcoin as a means of transaction and saving. So proud to be here now and venture into it already.
Despite us arguing that we're still early on, right. I've been pleasantly surprised by the amount of attention Bitcoin has gotten via mainstream media, and the fact that within the sports industry you can't look anywhere without seeing something Bitcoin related. That's not something I expected to happen so soon. So, by my expectations we're ahead of what I thought we would be, at least in terms of recognition.
What if that number is 4 or 5 million? The methods used to obtain such data are, to say the least, very unreliable. If someone says 4 million BTC was lost because they haven’t moved x years, then that’s not some solid evidence we need to rely on. There is no doubt that part of the BTC has been lost, but it seems to me more and more that the number is between 1 and 2 million, given that every now and then someone moves coins from 2009 or 2010 that were believed to be lost.
Yeah, there's really only a handful of coins which can be provably lost, for example burner addresses. Otherwise, we're largely taken the word of someone else, that could well be lying or not being accurate. For example, losing your password doesn't necessarily mean they'll always be lost. 
It would take us about 100 years to mine those 2 million.
Imagine that it will take us less than 10 years to mine 99% of all Bitcoin, and 1% (210 000) will remain for the next 100 years.
Imagine how big the market will be if we assume that about 3 million bitcoins are lost forever.
What if that number is 4 or 5 million? The methods used to obtain such data are, to say the least, very unreliable. If someone says 4 million BTC was lost because they haven’t moved x years, then that’s not some solid evidence we need to rely on. There is no doubt that part of the BTC has been lost, but it seems to me more and more that the number is between 1 and 2 million, given that every now and then someone moves coins from 2009 or 2010 that were believed to be lost.
Only ~2M more to go and now have up to 18,999,800 BTC.
It would take us about 100 years to mine those 2 million.
Imagine how big the market will be if we assume that about 3 million bitcoins are lost forever.
I'm astonished by the fact that people still don't realized what they are going to miss in the next years. Many people think they've already missed the bus, bitcoin is already too expensive, etc etc, we are still so early, there is so much space for growth! It would take us about 100 years to mine those 2 million.
Imagine how big the market will be if we assume that about 3 million bitcoins are lost forever.
All are known by Bitcoin White Paper and Bitcoin Wiki with which we can find details about Controlled supply. People just response emotionally when they see news and feel interested, FOMO with news. Information given in Whitepaper, Wiki are not attractive with them and they miss great opportunity. Because if they find information in available resources, they will be able to do better than most of the crowd that solely rely on news.
Though I have only been here since 2016, I am still very proud that I am one of the people that has been in this industry in its infancy stages and that I have been able to gain Bitcoins and spend bitcoins at a cheap price. Although I regret not hoarding like many people did that are now very profitable if not millionaires and billionaires. Even more amazing is witnessing the mass adoption slowly hapoening aling with the emergence of DeFis, DAOs and MFTs. I have a lot to talk about to my grand children in the future 😅
It's pretty impressive that while we've already mined the majority of Bitcoin, we are still as LFC_Bitcoin puts it; relatively early. Anyone from the outside that doesn't understand how Bitcoin functions, would assume we're already close to mining it all, and therefore feel like they've already missed out on getting some, which obviously isn't true.
In theory, Bitcoin should continue to become more exclusive, and the demand should increase. Adoption will likely only increase once Bitcoin becomes less volatile. That's when we'll likely see pretty much everywhere accepting Bitcoin, whether that's directly or through payment processors that convert it automatically to fiat.
In theory, Bitcoin should continue to become more exclusive, and the demand should increase. Adoption will likely only increase once Bitcoin becomes less volatile. That's when we'll likely see pretty much everywhere accepting Bitcoin, whether that's directly or through payment processors that convert it automatically to fiat.
Very, very cool & yes we will all be long gone when the last portion of a bitcoin is mined. Such a genius creation, we are all very lucky to be here what should still be considered early.
Only ~2M more to go and now have up to 18,999,800 BTC.
It would take us about 100 years to mine those 2 million.
Imagine how big the market will be if we assume that about 3 million bitcoins are lost forever.
I will edit later when that coin is mined. 19,000,000.
It would take us about 100 years to mine those 2 million.
Imagine how big the market will be if we assume that about 3 million bitcoins are lost forever.
I will edit later when that coin is mined. 19,000,000.
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