Total number of bitcoins. - page 3. | Bitcointalksearch.org

izanagi narukami

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Quote from: picolo on February 08, 2015, 03:12:35 PM

Quote from: V for Varoufakis on February 08, 2015, 07:16:03 AM

The total number of bitcoins must be: M = (PQ) / V

https://en.bitcoin.it/wiki/Controlled_supply

In 2022 90% of the bitcoins will have been mined.

what will happen with the price if that happen ?

Quote from: unsoindovo on February 10, 2015, 04:29:25 AM

Quote from: pereira4 on February 09, 2015, 05:41:45 PM

Quote from: bugmenot on February 09, 2015, 03:18:19 PM

Let's talk about truth!! No. of bitcoins are 130 Millions..

Mmm, what are we talking about here?
total amount of bitcoins is 21 million this is basic..

this is correct!!!

same link....
https://en.bitcoin.it/wiki/Controlled_supply

Eventhough there are a ton of bitcoin, If people doesn't trust into it, the price will not very affect

unsoindovo

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https://locktrip.com/?refId=40964

Quote from: pereira4 on February 09, 2015, 05:41:45 PM

Quote from: bugmenot on February 09, 2015, 03:18:19 PM

Let's talk about truth!! No. of bitcoins are 130 Millions..

Mmm, what are we talking about here?
total amount of bitcoins is 21 million this is basic..

this is correct!!!

same link....
https://en.bitcoin.it/wiki/Controlled_supply

unsoindovo

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https://locktrip.com/?refId=40964

Quote from: bugmenot on February 09, 2015, 03:18:19 PM

Let's talk about truth!! No. of bitcoins are 130 Millions..

this is wrong!!!!

check here

https://en.bitcoin.it/wiki/Controlled_supply

deepestfear

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13.82m mined as on date, we will be over 75% mined by the next halving. We are at around 65% of max supply right now

odolvlobo

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It would probably be better to write it like this since M is "fixed":

P = MV/Q

Abbey_j

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Quote from: V for Varoufakis on February 08, 2015, 07:16:03 AM

The total number of bitcoins must be: M = (PQ) / V

How do you get the "V", Check the Blockchain? But there are some off-chain transaction been made everyday.

pereira4

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Quote from: bugmenot on February 09, 2015, 03:18:19 PM

Let's talk about truth!! No. of bitcoins are 130 Millions..

Mmm, what are we talking about here?
total amount of bitcoins is 21 million this is basic..

bugmenot

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No Justice No Peace

Let's talk about truth!! No. of bitcoins are 130 Millions..

D05GTO

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I think M = Deflationary with bitcoin. Heck, I've lost a btc myself.. darn you complex password!!! So it'll be M-dumbass's like me. LOL

zlatanBorec

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Quote from: galdur on February 09, 2015, 02:39:04 PM

Quote from: zlatanBorec on February 09, 2015, 01:25:13 PM

Quote from: galdur on February 09, 2015, 08:47:28 AM

According to the Book of Knowledge it´s an equation of exchange

M is the total nominal amount of money supply in circulation on average in an economy.
V is the velocity of money, that is the average frequency with which a unit of money is spent.
P is the price level.
Q is an index of real expenditures (on newly produced goods and services).

i think this equation it is realy variable...
P it is associate to the high bitcoin volatility
Q it is really hard to quantify!!!

so, it is very hard to get some "understandable" result from it...

IMAHO....

It´s a macroeconomic concept. And M (fiat money) can increase ad infinitum but bitcoin can´t.

this is true!!!
now i understand better!!!
thanx!!!

galdur

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Quote from: zlatanBorec on February 09, 2015, 01:25:13 PM

Quote from: galdur on February 09, 2015, 08:47:28 AM

According to the Book of Knowledge it´s an equation of exchange

M is the total nominal amount of money supply in circulation on average in an economy.
V is the velocity of money, that is the average frequency with which a unit of money is spent.
P is the price level.
Q is an index of real expenditures (on newly produced goods and services).

i think this equation it is realy variable...
P it is associate to the high bitcoin volatility
Q it is really hard to quantify!!!

so, it is very hard to get some "understandable" result from it...

IMAHO....

It´s a macroeconomic concept. And M (fiat money) can increase ad infinitum but bitcoin can´t.

V for Varoufakis

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Calculate it, obviously. It is not my proposition. It is an economic theory:
https://en.wikipedia.org/wiki/Quantity_theory_of_money

oblivi

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The total number of bitcoins is hardcoded and cannot be changed, i dont know what you are exaclty about. Do you want to propose a new number of total coins or you just want to calculate it?

zlatanBorec

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Quote from: galdur on February 09, 2015, 08:47:28 AM

According to the Book of Knowledge it´s an equation of exchange

M is the total nominal amount of money supply in circulation on average in an economy.
V is the velocity of money, that is the average frequency with which a unit of money is spent.
P is the price level.
Q is an index of real expenditures (on newly produced goods and services).

i think this equation it is realy variable...
P it is associate to the high bitcoin volatility
Q it is really hard to quantify!!!

so, it is very hard to get some "understandable" result from it...

IMAHO....

manselr

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Quote from: picolo on February 08, 2015, 03:12:35 PM

Quote from: V for Varoufakis on February 08, 2015, 07:16:03 AM

The total number of bitcoins must be: M = (PQ) / V

https://en.bitcoin.it/wiki/Controlled_supply

In 2022 90% of the bitcoins will have been mined.

Which means by 2025 price should be insanely high otherwise miners will have the shittiest incentive to keep mining.

V for Varoufakis

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http://en.wikipedia.org/wiki/Equation_of_exchange

galdur

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According to the Book of Knowledge it´s an equation of exchange

M is the total nominal amount of money supply in circulation on average in an economy.
V is the velocity of money, that is the average frequency with which a unit of money is spent.
P is the price level.
Q is an index of real expenditures (on newly produced goods and services).

rollingMyCar

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Quote from: V for Varoufakis on February 08, 2015, 07:16:03 AM

The total number of bitcoins must be: M = (PQ) / V

hi V for Varoufakis.

I think if you can explain better the formula,
you will be helped better!!!

picolo

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Quote from: V for Varoufakis on February 08, 2015, 07:16:03 AM

The total number of bitcoins must be: M = (PQ) / V

https://en.bitcoin.it/wiki/Controlled_supply

In 2022 90% of the bitcoins will have been mined.

countryfree

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Your country may be your worst enemy

Let's get real, the total number of BTC as of today is about 13,7 millions.

Topic: Total number of bitcoins. - page 3. (Read 3532 times)