Author

Topic: Today 7 million BTC mined - 1/3 finished (Read 2255 times)

hero member
Activity: 812
Merit: 1000
August 07, 2011, 10:10:10 PM
#14
What's a Mio Bitcoin?

that was supposed to be short for million.  7 million bitcoins are now in circulation (minus those spilled)

so if there's approx 21,000 lost so far (just a rough guess based on various posts on this forum), then we need another 14000 coins to make it to the 1/3 circulating mark... two more days Smiley


System doesn't know the difference between lost coins and hoarded coins, so from the perspective of how long this is going to take, it's 1/3rd there

yep, just making a comment about the current amount in circulation (7m - 21k) vs the highest possible amount that can ever be in circulation (21m - 21k). One third of (21m - 21k) is exactly (7m - 7k), hence my saying we needed a further 14000 coins.
legendary
Activity: 812
Merit: 1002
August 07, 2011, 01:44:39 PM
#13
So I guess it is time to say:

Happy Birthday Bitcoin!
wrong phrase, bitcoin wasn't created/invented on august 7 a few years ago. this is more of a milestone than a birthday  Wink
member
Activity: 200
Merit: 11
August 07, 2011, 01:12:53 PM
#12
What's a Mio Bitcoin?

that was supposed to be short for million.  7 million bitcoins are now in circulation (minus those spilled)

so if there's approx 21,000 lost so far (just a rough guess based on various posts on this forum), then we need another 14000 coins to make it to the 1/3 circulating mark... two more days Smiley


System doesn't know the difference between lost coins and hoarded coins, so from the perspective of how long this is going to take, it's 1/3rd there
hero member
Activity: 812
Merit: 1000
August 07, 2011, 12:59:18 PM
#11
It needs to make it to the 25BTC/block payout keeping as much of the current momentum as possible. That's when things will go off. Wink

yeah, but one and a half years sounds like so far away!
newbie
Activity: 25
Merit: 0
August 07, 2011, 12:58:34 PM
#10
So I guess it is time to say:

Happy Birthday Bitcoin!
sr. member
Activity: 308
Merit: 250
August 07, 2011, 12:52:51 PM
#9
It needs to make it to the 25BTC/block payout keeping as much of the current momentum as possible. That's when things will go off. Wink
sr. member
Activity: 332
Merit: 250
August 07, 2011, 12:42:32 PM
#8
HOORAY!!!! Grin

I LOVE U BITCOIN  Kiss
hero member
Activity: 812
Merit: 1000
August 07, 2011, 11:46:53 AM
#7
What's a Mio Bitcoin?

that was supposed to be short for million.  7 million bitcoins are now in circulation (minus those spilled)

so if there's approx 21,000 lost so far (just a rough guess based on various posts on this forum), then we need another 14000 coins to make it to the 1/3 circulating mark... two more days Smiley
legendary
Activity: 1946
Merit: 1004
August 07, 2011, 11:44:32 AM
#6

Together with the happenings until last night - is that a coincidence?
member
Activity: 224
Merit: 10
August 07, 2011, 11:37:09 AM
#5
Cool! Next 2/3 are mine!
full member
Activity: 196
Merit: 100
August 07, 2011, 11:35:29 AM
#4
Oh, I see Cheesy
newbie
Activity: 54
Merit: 0
August 07, 2011, 11:32:53 AM
#3
What's a Mio Bitcoin?

that was supposed to be short for million.  7 million bitcoins are now in circulation (minus those spilled)
full member
Activity: 196
Merit: 100
August 07, 2011, 11:29:34 AM
#2
What's a Mio Bitcoin?
legendary
Activity: 1946
Merit: 1004
August 07, 2011, 11:28:16 AM
#1
We just passed 7 million Bitcoins mined.

- First 1/3 finished.  Smiley

Something like elementary school passed?



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