Topic: The biggest secret of bitcoin - page 4. (Read 4291 times)
the only reason why i write this was that many guys thinks that the max coins is the maximum of mineable coins. it is a mistake. And many coin creator/owner exploit this detail to her benefit. To make his coin more valueable.
From what I understand of the OP, it seems senseless.
Well ... I agree with OP in the point, that Bitcoin would be useless, when one single person holds 21 Mio of them (MINUS lost coins of course)
edit: (though I think OP still doesn't get the reason for that point)
edit: (though I think OP still doesn't get the reason for that point)
Many experts have already done a thorough review of the code, and the hard limit of mined coins is 21 million, nothing more and nothing less. Looks like you still believe in some naysayers that still exist. 
in short term 21 million coins is the maximum amount of coins that you can send before the transaction is marked as ddos transaction.
You cannot send 21 million coins, because there will never be that much coins in circulation. Loads of them get lost on the way to the end... even Satoshi's 1 000 000 coins.
What App or wallet service are you using to test this? It might just be a software error within their software, showing the maximum parameters for that field.
Anyway, your English is very poor, and we struggle to understand your logic.
... Why not post in your native language too, there might be someone willing to translate.
in short term 21 million coins is the maximum amount of coins that you can send before the transaction is marked as ddos transaction.
So are you guys actually discussing the stuff OP has written? I have read through his post twice and I haven't understood a single thing! 
its right. Then if nobody can mines the coin because the limited is reached then not anybody is available to confirm the transactions and then the coin is useless . the protocol is dead. And pos uses if the pow/pob limit is reached then only the pos mining method. So you can say that no coin has a limit. Even the fourtytwo coin.
after the 21 mill coins are mined. 90% of miners will move onto other projects, but the other 10% will continue as its still profitable for a select few to mine and grab the transaction fee's as their reward.
mining will continue. but how many miners will decrease due to a change in the price.
but this is something people do not need to worry about for decades.
its right. Then if nobody can mines the coin because the limited is reached then not anybody is available to confirm the transactions and then the coin is useless . the protocol is dead. And pos uses if the pow/pob limit is reached then only the pos mining method. So you can say that no coin has a limit. Even the fourtytwo coin.
and franky not true. The difficulty target spacing have changed of bitcoin update to bitcoin update
i believe in the first update was every 2000 blocks or so so 7 days . And current the blocks adjustment rate is every block. Thats meaning the target is not that 21 million coins is reached at a determined year. and i have tested it with quarkcoin. In short term the term 21 million coins is so not true. And the setting of a max coin on any coin is only a option to make the coin raw or the guy the created the coin have not the knowledge that the maximum coin setting is for the maximum coins can send as a transaction. So if exceeded this value the transaction is marked as dos transaction.
and franky not true. The difficulty target spacing have changed of bitcoin update to bitcoin update
i believe in the first update was every 2000 blocks or so so 7 days . And current the blocks adjustment rate is every block. Thats meaning the target is not that 21 million coins is reached at a determined year. and i have tested it with quarkcoin. In short term the term 21 million coins is so not true. And the setting of a max coin on any coin is only a option to make the coin raw or the guy the created the coin have not the knowledge that the maximum coin setting is for the maximum coins can send as a transaction. So if exceeded this value the transaction is marked as dos transaction.
When the 21 million coins have been created people can still mine at the pools.
For what you ask ... well for the transaction fees and to keep the coin going
Thats not mining new blocks lad ...
For what you ask ... well for the transaction fees and to keep the coin going
Thats not mining new blocks lad ...
yes and the difficulty changes to the network hash power. Its meaning if nobody mines bitcoin than this one guy must reach the last target but after then he has the difficult of only a one guy.
You know that Bitcoin can be used to buy drugs 
dawn my broken english sorry. Not its not true . Its not limited. 21 Millionen Bitcoins is the maximum of coins what you can send on the same time.
for example if you want send a transaction with 21 millionen coins you get a error. But thats not meaning that you can mine more as 21 million amount of coins . I have tested it for past years. I have created a project my first project BitCrystal Unlimited. It has the target that you can have unlimited coins. So i have set the maximum coins on 9999999999 . Ok cool but all mined coins was exceeded the amount. My friend want send me 99999999999999999 coins. But it shows a error message with the content the maximum amount of coins you can send is 9999999999. And i have tested it its true.
The bitcoin can mine unlimited. The statement is only true for pos coins. The coins have a POW/POB limit.
for example if you want send a transaction with 21 millionen coins you get a error. But thats not meaning that you can mine more as 21 million amount of coins . I have tested it for past years. I have created a project my first project BitCrystal Unlimited. It has the target that you can have unlimited coins. So i have set the maximum coins on 9999999999 . Ok cool but all mined coins was exceeded the amount. My friend want send me 99999999999999999 coins. But it shows a error message with the content the maximum amount of coins you can send is 9999999999. And i have tested it its true.
The bitcoin can mine unlimited. The statement is only true for pos coins. The coins have a POW/POB limit.
No not really, I understand his English despise that gramar, what I mean I don't understand is the thoight the OP is trying to imply. Regarding the max coin limit. It doesn't make sense at al. 
i believe he thinks its only 21mill coins based on maths of block production of coins per 10 minutes.. i think he suggests if miners solve blocks in 5 minutes then the maths would suggest 42mill coins..
i dont think he knows about the difficulty changes, which keeps the blocks solved within the 10 minute average
Peter Schiff is saying the same shit 
if you think that bitcoin has not limits in the supply and that the maximum is not 21M for silly reason, or for lacking of knowledge, then the answer is no it has a limit and there is no scam about it
Your posting makes no sense at all!
I think OP must be foreign has a really broken English. He is saying that the max coin limit is not 21 million, which is not true. I don't understand his reasoning to disprove this.
The limit is hard coded to be 21 million. The only person(s) that could do this are the devs + enough consensus. It is a granted fact that if they tried to change the total supply Bitcoin would automatically plummet to the floor, so it's a non issue.
No not really, I understand his English despise that gramar, what I mean I don't understand is the thoight the OP is trying to imply. Regarding the max coin limit. It doesn't make sense at al.
Your posting makes no sense at all!
I think OP must be foreign has a really broken English. He is saying that the max coin limit is not 21 million, which is not true. I don't understand his reasoning to disprove this.
The limit is hard coded to be 21 million. The only person(s) that could do this are the devs + enough consensus. It is a granted fact that if they tried to change the total supply Bitcoin would automatically plummet to the floor, so it's a non issue.
Your posting makes no sense at all!
Yep. I didn't understand a single thing at all.
Your posting makes no sense at all!
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