Topic: z (Read 10179 times)
Smart enough to invent a new currency whose production runs out within the creator's lifetime, but too naive to think that they could ever be worth something? Unlikely.
Try again. The last reward reduction from 0.00000001 down to 0.00000000 is slated to be in about 100 years from now.Ok, whose production effectively runs out in the creators lifetime...but let's not argue the trivial. Etlase2 is right.
But then of course by then they could have invented lifespan-extending drugs or something. So what do I know.
I would be curious to see the same age of unspent blocks data but from a 6 months ago perspective. A year as well. These might show us how recently the older coins first moved and how the recently unspent block percentage is changing.
An animation would be nice. I wonder how much activity is going on down there in the blockchain.
I value a bitcoin the same way I value a stock - current market price:
And since there is asymmetrical information which means the efficient market hypothesis is flawed resulting in price being what you pay and value being what you get .... then good luck with that strategy.
I just ran a quick analysis on the blockchain.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Can you make an analysis to check if these coins really are lost:
"Bitomat.pl Loss
Time: 2011-07-26"
https://bitcointalksearch.org/topic/list-of-major-bitcoin-heists-thefts-hacks-scams-and-losses-old-83794
Or maybe someone has been able to actually spend them after 'losing' them?
Well, actually there seems to be a spike in amount of lost coins around 2011-07-26.
Of course we could find out. Just enter the address into blockchain.info.
We do not know the address(es). But we know the amount; there should be about 17000 lost coins, which has not been used since 2011-07-26. Is there a spike in the amount of 'not-used-coins' at that time?
Edit: of course, we could also ask some of the addresses from their custromers.
I just ran a quick analysis on the blockchain.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Can you make an analysis to check if these coins really are lost:
"Bitomat.pl Loss
Time: 2011-07-26"
https://bitcointalksearch.org/topic/list-of-major-bitcoin-heists-thefts-hacks-scams-and-losses-old-83794
Or maybe someone has been able to actually spend them after 'losing' them?
If the private key is lost, it's prohibitively expensive (both time and effort) to recover it (you need to guess). Equally expensive as recovering the private key to any address. Not going to happen. Lost is lost, you can subtract the lost coins from the bitcoin money supply.
I lost BTC 10 myself
.Thanks for link to interesting thread.
Yes, of course, if it really is lost... ;-) But could we find out, if the claimed lost coins has actually been used afterwards? Just by examining the block chain?
Of course we could find out. Just enter the address into blockchain.info.
I just ran a quick analysis on the blockchain.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Can you make an analysis to check if these coins really are lost:
"Bitomat.pl Loss
Time: 2011-07-26"
https://bitcointalksearch.org/topic/list-of-major-bitcoin-heists-thefts-hacks-scams-and-losses-old-83794
Or maybe someone has been able to actually spend them after 'losing' them?
If the private key is lost, it's prohibitively expensive (both time and effort) to recover it (you need to guess). Equally expensive as recovering the private key to any address. Not going to happen. Lost is lost, you can subtract the lost coins from the bitcoin money supply.
I lost BTC 10 myself
.Thanks for link to interesting thread.
Yes, of course, if it really is lost... ;-) But could we find out, if the claimed lost coins has actually been used afterwards? Just by examining the block chain?
Is it possible to "expire" coins after a certain amount of time?
That introduce an upgrade and deploy it after 2-3 years when the network is ready? While the expired coins will be a reward of the new block. And encourage mining after the reward becomes lower and lower.
(I am new here, just thinking about it. Please don't blame me.
)
That introduce an upgrade and deploy it after 2-3 years when the network is ready? While the expired coins will be a reward of the new block. And encourage mining after the reward becomes lower and lower.
(I am new here, just thinking about it. Please don't blame me.
)"Sorry, your pension savings and child tuition money adresses have expired."
No thanks.
Is it possible to "expire" coins after a certain amount of time?
That introduce an upgrade and deploy it after 2-3 years when the network is ready? While the expired coins will be a reward of the new block. And encourage mining after the reward becomes lower and lower.
(I am new here, just thinking about it. Please don't blame me.)
That introduce an upgrade and deploy it after 2-3 years when the network is ready? While the expired coins will be a reward of the new block. And encourage mining after the reward becomes lower and lower.
(I am new here, just thinking about it. Please don't blame me.
) I just ran a quick analysis on the blockchain.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Can you make an analysis to check if these coins really are lost:
"Bitomat.pl Loss
Time: 2011-07-26"
https://bitcointalksearch.org/topic/list-of-major-bitcoin-heists-thefts-hacks-scams-and-losses-old-83794
Or maybe someone has been able to actually spend them after 'losing' them?
If the private key is lost, it's prohibitively expensive (both time and effort) to recover it (you need to guess). Equally expensive as recovering the private key to any address. Not going to happen. Lost is lost, you can subtract the lost coins from the bitcoin money supply.
I lost BTC 10 myself
.Thanks for link to interesting thread.
I just ran a quick analysis on the blockchain.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Can you make an analysis to check if these coins really are lost:
"Bitomat.pl Loss
Time: 2011-07-26"
https://bitcointalksearch.org/topic/list-of-major-bitcoin-heists-thefts-hacks-scams-and-losses-old-83794
Or maybe someone has been able to actually spend them after 'losing' them?
Check it out: http://blockexplorer.com/address/1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa <-- address of the genesis block's generation transaction.
While the 50 BTC can't be spent, it should be possible to spend the additional 6.57403164 BTC.
While the 50 BTC can't be spent, it should be possible to spend the additional 6.57403164 BTC.
:-D Looks like some smartass has sent a message at 9.11 2012 ~5am to the genesis block address:
01010101 = 0x55 U (0x55 start symbol?)
01100010 = 0x62 b
01110100 = 0x74 t
01100011 = 0x63 c
00100000 = 0x20
01101001 = 0x69 i
01110011 = 0x73 s
00100000 = 0x20
01100001 = 0x61 a
00100000 = 0x20
01110011 = 0x73 s
01100011 = 0x63 c
01100001 = 0x61 a
01101101 = 0x6d m
---------------
17gNvfoD2FDqTfESUxNEmTukGbGVAiJhXp
I just ran a quick analysis on the blockchain.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Lots of smart people around here.
or: lots of extremely careless ones
(although I doubt it)nahh it is a nobrainer.
like buying a call option (with say 10-20 years before expiration) or shares of a 5$ stock (with known dillution schedule) that has decent chances to go to 10 000$. and with no counterpart risks.Just try to value Bitcoin like a stock. It easily worth 100-200$ right now.
I value a bitcoin the same way I value a stock - current market price:
about $12.50.
But I understand what you're getting at.
Hi,
I requested to Piuk from blockchain.info to create a new chart for addresses without activity, see: http://blockchain.uservoice.com/forums/152743-general-ideas/suggestions/3177586-new-chart-for-addresses-without-activity
I requested to Piuk from blockchain.info to create a new chart for addresses without activity, see: http://blockchain.uservoice.com/forums/152743-general-ideas/suggestions/3177586-new-chart-for-addresses-without-activity
I just ran a quick analysis on the blockchain.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Lots of smart people around here.
or: lots of extremely careless ones
(although I doubt it)nahh it is a nobrainer.
like buying a call option (with say 10-20 years before expiration) or shares of a 5$ stock (with known dillution schedule) that has decent chances to go to 10 000$. and with no counterpart risks.Just try to value Bitcoin like a stock. It easily worth 100-200$ right now.
I just ran a quick analysis on the blockchain.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Out of the 192386 blocks currently mined, very many of them
have a BTC 50 block reward that has never been spent.
To be exact, 41493 blocks have an unspent reward.
That is worth approximately BTC 2'074'650.00 (not counting fees).
That's 2 Million+ pristine coins hoarded, or about 20% of the BTC market cap.
Lots of smart people around here.
or: lots of extremely careless ones
(although I doubt it) 
Why is it that the coins mined in the genesis block can't be spent?
Because it wouldn't be fair: there are no miners to compete for the reward. One more thing about Satoshi.
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