$10k/bitcoin means that it requires 1/10th the number of bytes to represent the same amount of value as compared to $1k/bitcoin. The scaling is done with price.
Conversely, a 20% drop in BTC price will mean it will take 20% more bytes to send the same amount of value using bitcoin. So this entire ...
Search found 6 matches
- Sun Mar 26, 2017 12:00 pm
- Forum: Bitcoin Discussion
- Topic: The Fork Revolution! - returning BTC to Satoshi's original mission
- Replies: 77
- Views: 32847
- Sat Mar 25, 2017 11:53 pm
- Forum: Bitcoin Discussion
- Topic: The Fork Revolution! - returning BTC to Satoshi's original mission
- Replies: 77
- Views: 32847
Re: The Fork Revolution! - returning BTC to Satoshi's original mission
The exodus from Bitcoin is happening right before our eyes, but people in the Core camp are blind to it:
https://twitter.com/rogerkver/status/844167479593074688
Nonsense. That price drop is due to the Winklevoss denial as well as regulation controversy in China. If you are willing to pay around ...
https://twitter.com/rogerkver/status/844167479593074688
Nonsense. That price drop is due to the Winklevoss denial as well as regulation controversy in China. If you are willing to pay around ...
- Sat Mar 25, 2017 11:45 pm
- Forum: Bitcoin Discussion
- Topic: The Fork Revolution! - returning BTC to Satoshi's original mission
- Replies: 77
- Views: 32847
Re: The Fork Revolution! - returning BTC to Satoshi's original mission
That may not be correct.
It's entirely correct. As the subsidy goes down, the miners must recoup their costs more and more from the fees. And as I said above on my edit -- there is a hard limit on the block size, but there is no hard limit on the price of each BTC. As the price of a BTC goes ...
- Sat Mar 25, 2017 11:39 pm
- Forum: Bitcoin Discussion
- Topic: The Fork Revolution! - returning BTC to Satoshi's original mission
- Replies: 77
- Views: 32847
Re: The Fork Revolution! - returning BTC to Satoshi's original mission
The Disinfo is strong with this one...Another server in Antpool is propagating BU blocks.
- Sat Mar 25, 2017 11:02 pm
- Forum: Bitcoin Discussion
- Topic: The Fork Revolution! - returning BTC to Satoshi's original mission
- Replies: 77
- Views: 32847
Re: The Fork Revolution! - returning BTC to Satoshi's original mission
As the per-block subsidy halves every 4 years, the miners will be relying less and less on the subsidy and more and more on the fees collected on each block. .
That may not be correct.
It's entirely correct. As the subsidy goes down, the miners must recoup their costs more and more from the ...
That may not be correct.
It's entirely correct. As the subsidy goes down, the miners must recoup their costs more and more from the ...
- Sat Mar 25, 2017 10:42 pm
- Forum: Bitcoin Discussion
- Topic: The Fork Revolution! - returning BTC to Satoshi's original mission
- Replies: 77
- Views: 32847
Re: The Fork Revolution! - returning BTC to Satoshi's original mission
As the per-block subsidy halves every 4 years, the miners will be relying less and less on the subsidy and more and more on the fees collected on each block. People want to have their cake and eat it too! They want near-instant confirmation, but aren't willing to pay in the neighborhood of 1% as a ...