Countdown

XS wishes all its readers a productive Bitcoin Halving Day. (It’s only the second ever — with the first falling on November 28, 2012, when Block 210000 was solved.)

Bitcoin likes Countdown numbers (only 21000000 will ever be produced).

(Countdown = 210.)

July 9, 2016admin 8 Comments »
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8 Responses to this entry

  • michael Says:

    dont know much about this besides a little speculation when they first came out but what if instead of dedicated miners the code were written so the coin was produced by adoptees.So i understand theres a dedicated chip and program now that could be put into phones and computers. what if it took at least two to produce a coin but as more adoptees entered they too could produce a coin. The coin reserve only grows with distributed adoption, but the cost of adoption might go from the cost of some device and code to a actually being paid a valuable coin to become a member of the network. The value ought to be less about speculation and more about utility, bit coin is primarily a speculative product. the expense and risk makes overcoming the difficulty of using it not worth the trouble for routine stuff. The hope for a extra governmental currency was dashed when the solution to the hassle became regulated btc banks
    a distributed system might be able to solve that.while disincentivzing early speculation that thwarts adoption and providing the hardware that both co-mines and facilitates use. I suppose coders have though of all the possibilities huh

    [Reply]

    Posted on July 9th, 2016 at 2:13 pm Reply | Quote
  • Brett Stevens Says:

    The hope for a extra governmental currency was dashed when the solution to the hassle became regulated btc banks; a distributed system might be able to solve that.

    Government invents itself out of need. The only way around it is to have something that serves the role of government but is not self-interest (Farage, Kings). Self-interest in the name of success alone can work in a managerial role (Trump).

    [Reply]

    Posted on July 9th, 2016 at 2:36 pm Reply | Quote
  • SVErshov Says:

    about 75% of the bitcoins have been mined, so there are only 5 mil btc more to be made.

    [Reply]

    Posted on July 10th, 2016 at 3:59 am Reply | Quote
  • Chris P. Michael Says:

    I’m pretty ashamed at how long it took me to realize the significance of Bitcoin. Curses admin, for I have seen that you are right yet again.

    [Reply]

    Posted on July 10th, 2016 at 4:25 am Reply | Quote
  • michael Says:

    http://cdn.thedailybeast.com/content/dailybeast/articles/2016/07/10/does-this-religious-cult-run-japan/jcr:content/image.crop.800.500.jpg/48937152.cached.jpg

    out of context apologies but this made me think of you

    [Reply]

    Johan Schmidt Reply:

    Is it Soka Gakkai? They’ve been running Japan for donkey’s years. My grandfather had a copy of the book, “I Denounce Soka Gakkai”.

    [Reply]

    Posted on July 10th, 2016 at 1:15 pm Reply | Quote
  • SVErshov Says:

    Bitcoin Price Technical Analysis for 07/11/2016

    Stochastic is on the move up so bitcoin price could follow suit. In that case, an upside breakout could take place and take bitcoin up to the triangle highs just below the $800 level. But if the oscillator reaches the overbought area soon and turns lower, sellers could regain control of price action and push for a selloff to the triangle lows near the $550 level.

    http://www.newsbtc.com/2016/07/11/bitcoin-price-technical-analysis-07112016-still-stuck-consolidation/

    [Reply]

    Posted on July 12th, 2016 at 7:56 am Reply | Quote
  • Bitcoin Halving Day! – The Odd Rant Says:

    […] Belated Happy Bitcoin Halving Day! […]

    Posted on July 14th, 2016 at 12:54 am Reply | Quote

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