Topic: The biggest secret of bitcoin - page 2. (Read 4291 times)

The biggest secret that has remained a secret till date is the original identity of SatoshiNakamoto, the founder of Bitcoin protocol and the reference software. It was the first crypto-concurrency and was P2P. Though several people have been speculated to be associated with this name, nobody knows whether Satoshi Nakamoto is a real name or a pseudonym or whether it refers to a single person or a group of persons.

You can verify it yourself in the source code:

Every block results in 50 new bitcoins. After every 210,000 blocks, this number is halved. So the next 210,000 blocks result in 25 new bitcoins per block, et cetera.
This means if you mine for an infinite amount of time, you will get: 210,000 × (50+25+12.5+6.25+.....) = 21,000,000 bitcoins.

It always wonders me how the F*CK people can still claim there is supposed to be 'secrets' in Bitcoin. Bitcoin is open source, transparent, verifiable, and not depending on trust or good faith or promises or anything.

That you can more mine as 21 Millionen coins .

The bitcoin is deflationary at the moment. Everyday, some coins are lost. Maybe in the future, by consensus, we can change the total number of coins to compensate for the loss of coins to make bitcoin less deflationary. For example, we can award the nodes by giving 0.000001 bitcoin in total per day to all the nodes.

OP you need to learn to ESL

Also, the 21 million limit can be changed but it would destroy the value of all btc. Since it could only be changed by consensus no one will do it. Even if some entity could buy up enough coins in 2140 to steal consensus it wouldn't be worth it. It would be like throwing billions down the toilet.

Same reasoning why a 51% attack will never happen

So guys sorry that i write this here and yes i want that i take motivation to can continue my projects.

So i think that the really target on this community is a currency the is free and really honestly.


Therefore i want that everybody know that the biggest secret on bitcoin is...


That you can more mine as 21 Millionen coins . The maximum amount of coins is only the maximum of coins the you can send to the same time...

and why i write this many coins have a max coin . But its not the maximal mineable coins. The statement is maybe only true for pos coins but the means that you on amount of blocks you can only mine the coin over the pos algo. That means that it gives a infinitive of every coin to can mine it.


I write this to give the guys the honestly back so that the community know the secrets or tricks of it.

For example also banks and brokers have tricks to take guys money. yes its a warning of me so that guys know that gives developer the not lies and its important for me that it gives developer the are not scammer and her interesting is a really honestly decentralized world. Where you can make a trade without the fear that anybody is a scammer. I can understand that its really important to survive in the world and make money but its important for me that you makes money without scamming.

The problem is its my meaning . That the trustment is overall very low because it gives a lot of scammers and many try more tricks to steal your money for example https://www.facebook.com/3BloxKostenlosSpielen The game 3blox is a scammer game you wins and then you lose all your money

OP you need to learn to ESL

Also, the 21 million limit can be changed but it would destroy the value of all btc. Since it could only be changed by consensus no one will do it. Even if some entity could buy up enough coins in 2140 to steal consensus it wouldn't be worth it. It would be like throwing billions down the toilet.

Same reasoning why a 51% attack will never happen

Lol I thought you are implying that there will be more than 21 million on the first comment, which is simply false.

well... thats why i wrote that afterwards: that does not change the fact there never will be more than 21million coins ;-)

(bolded it twice for you)

it is because you're implying that there are more than 21M coins, which is false

actually there are a bit less than 21M coins, and this number will likely never be changed

they are both part of the single coinbase transaction and its impossible to distinguish blockreward and earned fees.
so how is that misinformation?

Transaction fees are given in a transaction paid by the users, and is also a part of the 21m hard coded limit. It is different from the block reward which the miners get after solving a block.

Don't spread misinformation.

you can mine more than 21million coins because transaction fees are mined too.
that does not change the fact there never will be more than 21million coins ;-)