Explanation
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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 561. (Read 26467399 times)
April 03, 2024, 03:01:14 AM
April 03, 2024, 02:49:25 AM
April 03, 2024, 02:31:32 AM
Let's imagine that Satoshi decided that the max supply would be 42 million BTC - how much do you think that would affect the price today?
Bitcoin price is gradually increasing with halving i.e. as the supply is decreasing the price is going up with time. If we have max supply of 42 million then initial mining reward would be 100 Bitcoin followed by 50, 25 and 12.5. With 42 million max supply the reward would be 12.5 Bitcoin per block at the moment, so there might be some delay in reaching current ATHs.
lots of ways to play it maybe just 20 minutes a block with same coins.
so
1/2 ing 2016 25.000 coins
1/2 ing 2024 12.500 coins
1/2 ing 2032 6.250 coins
1/2 ing 2040 3.125 coins
or 15 minutes per block
1/2 ing 2014 25
1/2 ing 2020 12.5
1/2 ing 2026 6.25
1/2 ing 2032 3.125
we will never know if the above would have been better or worse
Satoshi choice for selecting 21 million coin as max supply is based on his "educated guess".
My guess to Lucius question was that since price is going up due to decrease in supply of coins. That's why both 20 and 15 minute block time would have same result on price. Lesser the supply, better the price will.
April 03, 2024, 02:13:36 AM
Cannot allow more...
As four ChartBuddy charts on
Wednesday morning.
As four ChartBuddy charts on
Wednesday morning.
April 03, 2024, 02:01:16 AM
April 03, 2024, 01:01:13 AM
April 03, 2024, 12:01:14 AM
April 02, 2024, 11:01:16 PM
April 02, 2024, 11:00:36 PM
lots of ways to play it maybe just 20 minutes a block with same coins.
so
1/2 ing 2016 25.000 coins
1/2 ing 2024 12.500 coins
1/2 ing 2032 6.250 coins
1/2 ing 2040 3.125 coins
or 15 minutes per block
1/2 ing 2014 25
1/2 ing 2020 12.5
1/2 ing 2026 6.25
1/2 ing 2032 3.125
we will never know if the above would have been better or worse
so
1/2 ing 2016 25.000 coins
1/2 ing 2024 12.500 coins
1/2 ing 2032 6.250 coins
1/2 ing 2040 3.125 coins
or 15 minutes per block
1/2 ing 2014 25
1/2 ing 2020 12.5
1/2 ing 2026 6.25
1/2 ing 2032 3.125
we will never know if the above would have been better or worse
I don’t know. I think I’d go with a quote from the Matrix on this one.
“No, what happened, happened and couldn't have happened any other way.”
I’m a believer that Bitcoin found lightning in a bottle (not literally, the lightning network sucks) and had the special sauce to make it. Any little change is easy to speculate as an improvement, but the odds of success were so low, anything happening different could’ve doomed Bitcoin completely.
yeah and the fact that lightning sucks helped shit coins and some pow algos.
If Btc was done in a more perfect way the overall gestalt may have been much less rich and diverse.
Agreed. However, I don’t think any of that has to do with block speed or rewards, but instead the limiting of Bitcoin’s blocksize in order to push a patented solution by a private company. If you ask me, Bitcoin lost its way when the New York Agreement wasn’t honored and instead we found ourselves on the side of a ‘GOTCHA’ scam which I don’t think anyone outside of Blockstream wanted to see. That moment showed that Bitcoin needs competitors. I also think it’s important that the people who were around for this double crossing never stop educating others about what took place. If a grownup were in charge they’d say we need to double the blocksize or rollback segwit to be fair. Instead we get endless altcoins and competing forks.
And one very competitive pow algo in scrypt.
April 02, 2024, 10:10:07 PM
lots of ways to play it maybe just 20 minutes a block with same coins.
so
1/2 ing 2016 25.000 coins
1/2 ing 2024 12.500 coins
1/2 ing 2032 6.250 coins
1/2 ing 2040 3.125 coins
or 15 minutes per block
1/2 ing 2014 25
1/2 ing 2020 12.5
1/2 ing 2026 6.25
1/2 ing 2032 3.125
we will never know if the above would have been better or worse
so
1/2 ing 2016 25.000 coins
1/2 ing 2024 12.500 coins
1/2 ing 2032 6.250 coins
1/2 ing 2040 3.125 coins
or 15 minutes per block
1/2 ing 2014 25
1/2 ing 2020 12.5
1/2 ing 2026 6.25
1/2 ing 2032 3.125
we will never know if the above would have been better or worse
I don’t know. I think I’d go with a quote from the Matrix on this one.
“No, what happened, happened and couldn't have happened any other way.”
I’m a believer that Bitcoin found lightning in a bottle (not literally, the lightning network sucks) and had the special sauce to make it. Any little change is easy to speculate as an improvement, but the odds of success were so low, anything happening different could’ve doomed Bitcoin completely.
yeah and the fact that lightning sucks helped shit coins and some pow algos.
If Btc was done in a more perfect way the overall gestalt may have been much less rich and diverse.
Agreed. However, I don’t think any of that has to do with block speed or rewards, but instead the limiting of Bitcoin’s blocksize in order to push a patented solution by a private company. If you ask me, Bitcoin lost its way when the New York Agreement wasn’t honored and instead we found ourselves on the side of a ‘GOTCHA’ scam which I don’t think anyone outside of Blockstream wanted to see. That moment showed that Bitcoin needs competitors. I also think it’s important that the people who were around for this double crossing never stop educating others about what took place. If a grownup were in charge they’d say we need to double the blocksize or rollback segwit to be fair. Instead we get endless altcoins and competing forks.
April 02, 2024, 10:01:16 PM
April 02, 2024, 09:54:52 PM
lots of ways to play it maybe just 20 minutes a block with same coins.
so
1/2 ing 2016 25.000 coins
1/2 ing 2024 12.500 coins
1/2 ing 2032 6.250 coins
1/2 ing 2040 3.125 coins
or 15 minutes per block
1/2 ing 2014 25
1/2 ing 2020 12.5
1/2 ing 2026 6.25
1/2 ing 2032 3.125
we will never know if the above would have been better or worse
so
1/2 ing 2016 25.000 coins
1/2 ing 2024 12.500 coins
1/2 ing 2032 6.250 coins
1/2 ing 2040 3.125 coins
or 15 minutes per block
1/2 ing 2014 25
1/2 ing 2020 12.5
1/2 ing 2026 6.25
1/2 ing 2032 3.125
we will never know if the above would have been better or worse
I don’t know. I think I’d go with a quote from the Matrix on this one.
“No, what happened, happened and couldn't have happened any other way.”
I’m a believer that Bitcoin found lightning in a bottle (not literally, the lightning network sucks) and had the special sauce to make it. Any little change is easy to speculate as an improvement, but the odds of success were so low, anything happening different could’ve doomed Bitcoin completely.
yeah and the fact that lightning sucks helped shit coins and some pow algos.
If Btc was done in a more perfect way the overall gestalt may have been much less rich and diverse.
April 02, 2024, 09:38:32 PM
April 02, 2024, 09:15:24 PM
lots of ways to play it maybe just 20 minutes a block with same coins.
so
1/2 ing 2016 25.000 coins
1/2 ing 2024 12.500 coins
1/2 ing 2032 6.250 coins
1/2 ing 2040 3.125 coins
or 15 minutes per block
1/2 ing 2014 25
1/2 ing 2020 12.5
1/2 ing 2026 6.25
1/2 ing 2032 3.125
we will never know if the above would have been better or worse
so
1/2 ing 2016 25.000 coins
1/2 ing 2024 12.500 coins
1/2 ing 2032 6.250 coins
1/2 ing 2040 3.125 coins
or 15 minutes per block
1/2 ing 2014 25
1/2 ing 2020 12.5
1/2 ing 2026 6.25
1/2 ing 2032 3.125
we will never know if the above would have been better or worse
I don’t know. I think I’d go with a quote from the Matrix on this one.
“No, what happened, happened and couldn't have happened any other way.”
I’m a believer that Bitcoin found lightning in a bottle (not literally, the lightning network sucks) and had the special sauce to make it. Any little change is easy to speculate as an improvement, but the odds of success were so low, anything happening different could’ve doomed Bitcoin completely.
April 02, 2024, 09:01:26 PM
April 02, 2024, 08:43:21 PM
Let's imagine that Satoshi decided that the max supply would be 42 million BTC - how much do you think that would affect the price today?
Bitcoin price is gradually increasing with halving i.e. as the supply is decreasing the price is going up with time. If we have max supply of 42 million then initial mining reward would be 100 Bitcoin followed by 50, 25 and 12.5. With 42 million max supply the reward would be 12.5 Bitcoin per block at the moment, so there might be some delay in reaching current ATHs.
Bitcoin price is gradually increasing with halving i.e. as the supply is decreasing the price is going up with time. If we have max supply of 42 million then initial mining reward would be 100 Bitcoin followed by 50, 25 and 12.5. With 42 million max supply the reward would be 12.5 Bitcoin per block at the moment, so there might be some delay in reaching current ATHs.
lots of ways to play it maybe just 20 minutes a block with same coins.
so
1/2 ing 2016 25.000 coins
1/2 ing 2024 12.500 coins
1/2 ing 2032 6.250 coins
1/2 ing 2040 3.125 coins
or 15 minutes per block
1/2 ing 2014 25
1/2 ing 2020 12.5
1/2 ing 2026 6.25
1/2 ing 2032 3.125
we will never know if the above would have been better or worse
April 02, 2024, 08:41:45 PM
.
April 02, 2024, 08:26:19 PM
[edited out]
The amalgamation is completely original. Also, my not was more creative than your not: It had the element of requiring you to quote me. 
Maybe I am gong to have to sign up for lessons? You seem to have all kinds of unique twists within ur seemingly talented lil selfie - making real differences in our oft-times mundane wannabe better existences.
Who would have had thunk?
If you don't offer lessons to those who might be willing to learn, at least bowing to you might be another possible way that we might mend our ways. I am running out ways to potentially appreciate such seeming magnanimity.
April 02, 2024, 08:01:17 PM
April 02, 2024, 07:41:11 PM
Let's imagine that Satoshi decided that the max supply would be 42 million BTC - how much do you think that would affect the price today?
Bitcoin price is gradually increasing with halving i.e. as the supply is decreasing the price is going up with time. If we have max supply of 42 million then initial mining reward would be 100 Bitcoin followed by 50, 25 and 12.5. With 42 million max supply the reward would be 12.5 Bitcoin per block at the moment, so there might be some delay in reaching current ATHs.
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