How Many Bitcoins Are There? How Many Left to Mine? (2020)

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin W Spectrum (BWS)

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Bitcoin Maximum Supply over time, 2010–2100

Bitcoin Maximum Supply over time, 2010–2100 submitted by sylsau to Bitcoin [link] [comments]

Bitcoin maximum - what stops core devs from changing this?

Hello, very very new to BTC and open source from a technical perspective, and as I learn more about BTC, one question kept popping up.
The code that governs how many bitcoins will ever exist is a few lines of code in the bitcoin implementation, along with halving and other constraints. What stops the core devs from making changes to this code to arbitrarily increase the amount minted?
EDIT - Thanks guys for the quick and insightful responses!
submitted by cyberexpert to Bitcoin [link] [comments]

The Next Experiment - Bitcoins Maximum Floor

Well friends,
It looks like I might have been on to something. Bitcoin reached its melting point and began experiencing mass volatility while I was sleeping.
It's ok though, because this time I set my computers on a schedule to record all the transactions that occurred. Mass volatility was triggered around 2:00 AM my time, and has been periodically occurring ever since. The whale factor was significant last night, and I found a few very similar signatures to 3/12.
What does this mean? It means that not only was what I mentioned about price manipulation a real thing--it also means that a government with sufficiently provided tools can TRACK DOWN the perpetrators, regardless of the anonymity of bitcoin. We're talking about multiple coordinated campaigns that are not limited to a single country.
This is why bitcoin needs regulation, and I support the Crypto-Currency Act of 2020
EDIT: Adding a prediction in, cause people seem to love those. US stock markets are going to struggle today, and bitcoin has not yet reached its maximum floor. What is that maximum floor / when is the best time to buy? If you've been listening to what I have to say you'd understand the time is soon.
submitted by OtheDreamer to Bitcoin [link] [comments]

Bitcoin maximum vs. high rise

I was wondering something.. I hear some people predict bitcoin will rise to 100.000 etc. But I was wondering, is this even possible and realistic with in mind that there’s a limit to the amount of bitcoin and it’s not too far away to be reached,
submitted by Jokeptrs to BitcoinBeginners [link] [comments]

BITCOIN MAXIMUM PAIN!! 🛑 Q1 2020 Target... Programmer explains - Ivan on Tech

BITCOIN MAXIMUM PAIN!! 🛑 Q1 2020 Target... Programmer explains - Ivan on Tech submitted by FluidAttitude to btc [link] [comments]

Ivan on Tech - BITCOIN MAXIMUM PAIN!! 🛑 Q1 2020 Target... Programmer explains

Ivan on Tech - BITCOIN MAXIMUM PAIN!! 🛑 Q1 2020 Target... Programmer explains submitted by Yanlii to cryptovideos [link] [comments]

Some thoughts on Bitcoin's maximum value.

Posting from a throwaway for obvious reasons. I have been a long term "hodler" since 3 years, but I think we are reaching peak valuation. So, I've sold my holdings and want to share my thoughts and receive views on a few topics.
1) Inflationary vs Deflationary -- There's a lot of talk about whether Bitcoin is inflationary (circulating coin decrease as some are lost) of deflationary (price increasing). However, I see most posts completely overlooking the selling pressure due to miners. Miners will always pay their bills/equipment/labor costs in their local currencies, and I don't see China/USA/Europe adopting CryptoCurrencies as standard currencies even in a hundred years. Some estimates I've seen suggest mining expenses being a few billion dollars per year. So when mining reward goes to zero (and bitcoin is stable), there will be a selling pressure of around 1% of bitcoin's value per year, driving the price down by 1% (assuming new money doesn't enter the market, value of bitcoins decrease as money is taken out) -- in comparison to the currency taxes/bills/salaries are paid in. If CNY/USD inflate by 1.5% per year on average, bitcoin will inflate at 2.5%. It will always inflate more than the average fiat.
2) Lightning Network -- I have a few opinions of my own on this
a) I think btc is highly misleading when they argue that LN will be centralized. A network topology consisting of say 50,000 main hub nodes, where everyone has channels to the hub nodes can be termed sufficiently decentralized. It's like ToInternet network for payments.
b) Another opinion of mine is the rise of fractional reserve banking when LN comes into effect. I think various Banks like say XYZ will roll out XYZBitcoins, with price pegged to the bitcoin prices. They can practice fractional reserve banking just like they do with fiat, and increase the supply of coins in the lightning network. LN will still ensure trustless, censorship resistant, instant and cheap payments.
c) And finally, I am tired of btc arguing that blockchain fees will make LN unusable. Even if you exhaust the funds in your LN channel, you don't need to close and settle it. You can pay fiat to some of the main hub nodes/sinks in LN, to transfer some bitcoins back into your channel. Essentially, LN can work without ever settling! (Of course, I think the current version has a weekly settle limit?). I think that even if the blockchain fees run into thousands of dollars, LN will still have no problem offering minimal fees and scaling.
Finally, with those ideas explained above -- I'd like to discuss the potential of bitcoin in these three categories
1) Payment Network -- While I am a big fan of LN, and think it will be highly successful, Payment Networks don't make for much revenue/value. Visa/Mastercard/Paypal/Square/Alipay/etc/etc are maybe a trillion dollar combined -- after successful global adoption. I think CryptoCurrency valuation of 500 billion has already reached this price, and this can't be milked much. I would assign a valuation of 100 Billion for this to Bitcoin.
2) Currency -- Bitcoin cash aims to be a currency, and Bitcoin can realize it under LN. However, there is a limit to what their valuation can reach. While I see frequent comparison to M2 money supply, I see that as another misguided belief in the Bitcoin community. As I said above, LN will lead to Banks practicing fractional reserve banking, and hence Bitcoin should only be compared to M0 money supply -- which is only 5 trillion dollars for the entire world! To compare, India -- a cash dominated economy of a billion people, where almost every transaction is with cash has only 250 billion USD worth of M0 money supply. In this comparison, I think Bitcoin, when mass adopted, will have probably 500 billion USD worth as M0 currency.
3) Store of Value -- And Lastly, as Bitcoin fails to be a viable currency in its current form, and to justify its valuation, it is frequently compared to Gold as a store of value. However, gold is regarded as backing of fiat (by govt reserves), is regarded as an extremely safe asset (as opposed to volatile bitcoin), and valued across all cultures across the world (In my country India, people are known to gift upto millions of dollars of gold as dowry in marriages). Even after all this worldwide appeal, it is only valued at 7 Trillion dollars. Sure gold futures are worth more, but so will bitcoin futures. I think I am being generous if I assign Bitcoin a valuation of 1 trillion as a store of value.
To sum it up, I see the eventual stable value of bitcoin to be around 1 + .5 + .1 = 1.6 ~ 2 trillion dollars. In other words, I don't think an individual bitcoin will have a stable value of more than 100k$, and even that will be realized in around 20-30 years. As such, it returns only an average 6-9% annualized inflation-adjusted return from current prices, which is not good enough return with regards to the risk. So, I've cashed out a little while ago.
I see many people who believe in million dollar bitcoins and are hodling for this purpose, I would like to hear their analysis.
submitted by randomnumber09876826 to Bitcoin [link] [comments]

Vitalik says Bitcoin's maximum supply of 21 million is 'kind of dishonest'

Vitalik says Bitcoin's maximum supply of 21 million is 'kind of dishonest' submitted by Zoranth to GetCryptocurrency [link] [comments]

Some thoughts on Bitcoin's maximum value

Posting from a throwaway for obvious reasons. I have been a long term "hodler" since 3 years, but I think we are reaching peak valuation. So, I've sold my holdings and want to share my thoughts and receive views on a few topics.
1) Inflationary vs Deflationary -- There's a lot of talk about whether Bitcoin is inflationary (circulating coin decrease as some are lost) of deflationary (price increasing). However, I see most posts completely overlooking the selling pressure due to miners. Miners will always pay their bills/equipment/labor costs in their local currencies, and I don't see China/USA/Europe adopting CryptoCurrencies as standard currencies even in a hundred years. Some estimates I've seen suggest mining expenses being a few billion dollars per year. So when mining reward goes to zero (and bitcoin is stable), there will be a selling pressure of around 1% of bitcoin's value per year, driving the price down by 1% (assuming new money doesn't enter the market, value of bitcoins decrease as money is taken out) -- in comparison to the currency taxes/bills/salaries are paid in. If CNY/USD inflate by 1.5% per year on average, bitcoin will inflate at 2.5%. It will always inflate more than the average fiat.
2) Lightning Network -- I have a few opinions of my own on this
a) I think btc is highly misleading when they argue that LN will be centralized. A network topology consisting of say 50,000 main hub nodes, where everyone has channels to the hub nodes can be termed sufficiently decentralized. It's like ToInternet network for payments.
b) Another opinion of mine is the rise of fractional reserve banking when LN comes into effect. I think various Banks like say XYZ will roll out XYZBitcoins, with price pegged to the bitcoin prices. They can practice fractional reserve banking just like they do with fiat, and increase the supply of coins in the lightning network. LN will still ensure trustless, censorship resistant, instant and cheap payments.
c) And finally, I am tired of btc arguing that blockchain fees will make LN unusable. Even if you exhaust the funds in your LN channel, you don't need to close and settle it. You can pay fiat to some of the main hub nodes/sinks in LN, to transfer some bitcoins back into your channel. Essentially, LN can work without ever settling! (Of course, I think the current version has a weekly settle limit?). I think that even if the blockchain fees run into thousands of dollars, LN will still have no problem offering minimal fees and scaling.
Finally, with those ideas explained above -- I'd like to discuss the potential of bitcoin in these three categories
1) Payment Network -- While I am a big fan of LN, and think it will be highly successful, Payment Networks don't make for much revenue/value. Visa/Mastercard/Paypal/Square/Alipay/etc/etc are maybe a trillion dollar combined -- after successful global adoption. I think CryptoCurrency valuation of 500 billion has already reached this price, and this can't be milked much. I would assign a valuation of 100 Billion for this to Bitcoin.
2) Currency -- Bitcoin cash aims to be a currency, and Bitcoin can realize it under LN. However, there is a limit to what their valuation can reach. While I see frequent comparison to M2 money supply, I see that as another misguided belief in the Bitcoin community. As I said above, LN will lead to Banks practicing fractional reserve banking, and hence Bitcoin should only be compared to M0 money supply -- which is only 5 trillion dollars for the entire world! To compare, India -- a cash dominated economy of a billion people, where almost every transaction is with cash has only 250 billion USD worth of M0 money supply. In this comparison, I think Bitcoin, when mass adopted, will have probably 500 billion USD worth as M0 currency.
3) Store of Value -- And Lastly, as Bitcoin fails to be a viable currency in its current form, and to justify its valuation, it is frequently compared to Gold as a store of value. However, gold is regarded as backing of fiat (by govt reserves), is regarded as an extremely safe asset (as opposed to volatile bitcoin), and valued across all cultures across the world (In my country India, people are known to gift upto millions of dollars of gold as dowry in marriages). Even after all this worldwide appeal, it is only valued at 7 Trillion dollars. Sure gold futures are worth more, but so will bitcoin futures. I think I am being generous if I assign Bitcoin a valuation of 1 trillion as a store of value.
To sum it up, I see the eventual stable value of bitcoin to be around 1 + .5 + .1 = 1.6 ~ 2 trillion dollars. In other words, I don't think an individual bitcoin will have a stable value of more than 100k$, and even that will be realized in around 20-30 years. As such, it returns only an average 6-9% annualized inflation-adjusted return from current prices, which is not good enough return with regards to the risk. So, I've cashed out a little while ago.
I see many people who believe in million dollar bitcoins and are hodling for this purpose, I would like to hear their analysis.
submitted by randomnumber09876826 to BitcoinDiscussion [link] [comments]

Calculating Bitcoin's maximum value /r/Bitcoin

Calculating Bitcoin's maximum value /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] Some thoughts on Bitcoin's maximum value.

The following post by randomnumber09876826 is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7jwcxb
The original post's content was as follows:
Posting from a throwaway for obvious reasons. I have been a long term "hodler" since 3 years, but I think we are reaching peak valuation. So, I've sold my holdings and want to share my thoughts and receive views on a few topics.
1) Inflationary vs Deflationary -- There's a lot of talk about whether Bitcoin is inflationary (circulating coin decrease as some are lost) of deflationary (price increasing). However, I see most posts completely overlooking the selling pressure due to miners. Miners will always pay their bills/equipment/labor costs in their local currencies, and I don't see China/USA/Europe adopting CryptoCurrencies as standard currencies even in a hundred years. Some estimates I've seen suggest mining expenses being a few billion dollars per year. So when mining reward goes to zero (and bitcoin is stable), there will be a selling pressure of around 1% of bitcoin's value per year, driving the price down by 1% (assuming new money doesn't enter the market, value of bitcoins decrease as money is taken out) -- in comparison to the currency taxes/bills/salaries are paid in. If CNY/USD inflate by 1.5% per year on average, bitcoin will inflate at 2.5%. It will always inflate more than the average fiat.
2) Lightning Network -- I have a few opinions of my own on this
a) I think btc is highly misleading when they argue that LN will be centralized. A network topology consisting of say 50,000 main hub nodes, where everyone has channels to the hub nodes can be termed sufficiently decentralized. It's like ToInternet network for payments.
b) Another opinion of mine is the rise of fractional reserve banking when LN comes into effect. I think various Banks like say XYZ will roll out XYZBitcoins, with price pegged to the bitcoin prices. They can practice fractional reserve banking just like they do with fiat, and increase the supply of coins in the lightning network. LN will still ensure trustless, censorship resistant, instant and cheap payments.
c) And finally, I am tired of btc arguing that blockchain fees will make LN unusable. Even if you exhaust the funds in your LN channel, you don't need to close and settle it. You can pay fiat to some of the main hub nodes/sinks in LN, to transfer some bitcoins back into your channel. Essentially, LN can work without ever settling! (Of course, I think the current version has a weekly settle limit?). I think that even if the blockchain fees run into thousands of dollars, LN will still have no problem offering minimal fees and scaling.
Finally, with those ideas explained above -- I'd like to discuss the potential of bitcoin in these three categories
1) Payment Network -- While I am a big fan of LN, and think it will be highly successful, Payment Networks don't make for much revenue/value. Visa/Mastercard/Paypal/Square/Alipay/etc/etc are maybe a trillion dollar combined -- after successful global adoption. I think CryptoCurrency valuation of 500 billion has already reached this price, and this can't be milked much. I would assign a valuation of 100 Billion for this to Bitcoin.
2) Currency -- Bitcoin cash aims to be a currency, and Bitcoin can realize it under LN. However, there is a limit to what their valuation can reach. While I see frequent comparison to M2 money supply, I see that as another misguided belief in the Bitcoin community. As I said above, LN will lead to Banks practicing fractional reserve banking, and hence Bitcoin should only be compared to M0 money supply -- which is only 5 trillion dollars for the entire world! To compare, India -- a cash dominated economy of a billion people, where almost every transaction is with cash has only 250 billion USD worth of M0 money supply. In this comparison, I think Bitcoin, when mass adopted, will have probably 500 billion USD worth as M0 currency.
3) Store of Value -- And Lastly, as Bitcoin fails to be a viable currency in its current form, and to justify its valuation, it is frequently compared to Gold as a store of value. However, gold is regarded as backing of fiat (by govt reserves), is regarded as an extremely safe asset (as opposed to volatile bitcoin), and valued across all cultures across the world (In my country India, people are known to gift upto millions of dollars of gold as dowry in marriages). Even after all this worldwide appeal, it is only valued at 7 Trillion dollars. Sure gold futures are worth more, but so will bitcoin futures. I think I am being generous if I assign Bitcoin a valuation of 1 trillion as a store of value.
To sum it up, I see the eventual stable value of bitcoin to be around 1 + .5 + .1 = 1.6 ~ 2 trillion dollars. In other words, I don't think an individual bitcoin will have a stable value of more than 100k$, and even that will be realized in around 20-30 years. As such, it returns only an average 6-9% annualized inflation-adjusted return from current prices, which is not good enough return with regards to the risk. So, I've cashed out a little while ago.
I see many people who believe in million dollar bitcoins and are hodling for this purpose, I would like to hear their analysis.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin maximum triangle breakout point at exactly 00:00 01.01.2018 on New Years Eve. /r/Bitcoin

Bitcoin maximum triangle breakout point at exactly 00:00 01.01.2018 on New Years Eve. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/btc] Some thoughts on Bitcoin's maximum value

The following post by randomnumber09876826 is being replicated because the post has been openly greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ btc/comments/7jwfud
The open modlog reason it was greylisted as reported by /btc was: Removed, account age less than required - please try again later
The original post's content was as follows:
[removed]
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin Maximum /r/btc

Bitcoin Maximum /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] Bitcoin maximum triangle breakout point at exactly 00:00 01.01.2018 on New Years Eve.

The following post by stanhopeofficial is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7mxpv7
The original post's content was as follows:
https://twitter.com/galaxybtc/status/946845412698345473
Whales be trolling us hard right now.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

12-30 01:12 - 'Bitcoin maximum triangle breakout point at exactly 00:00 01.01.2018 on New Years Eve.' (self.Bitcoin) by /u/stanhopeofficial removed from /r/Bitcoin within 125-135min

'''
[link]1
Whales be trolling us hard right now.
'''
Bitcoin maximum triangle breakout point at exactly 00:00 01.01.2018 on New Years Eve.
Go1dfish undelete link
unreddit undelete link
Author: stanhopeofficial
1: https://twitter.com/galaxybtc/status/946845412698345473
submitted by removalbot to removalbot [link] [comments]

Some thoughts on Bitcoin's maximum value. /r/Bitcoin

Some thoughts on Bitcoin's maximum value. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bet on this month's Bitcoin maximum and minimum

Bet on this month's Bitcoin maximum and minimum submitted by Predictious to Predictious [link] [comments]

Helix Bitcoin Mixer CEO to be fined a maximum of $209,144,554

submitted by OsrsNeedsF2P to Monero [link] [comments]

Bitcoin price updated a 15-months maximum

On Wednesday night, the first cryptocurrency rose in price to $13,200, which became a record value since July 2019.
Over the past 24 hours, bitcoin has gained 5.90% in price, and has strengthened by 14.50% over the week. The active stage of growth began after the announcement that PayPal would support cryptocurrency.
The share of bitcoin in the cryptocurrency market has also increased, at the moment reaching 61.67%. At the same time, market capitalization exceeded $394 billion, having updated a maximum of two and a half years.
submitted by bestchange_pr to bestchange [link] [comments]

Bitcoins next block fee now cost more than paypal's maximum instant transfer fee. Future of money guys its really happening.

Bitcoins next block fee now cost more than paypal's maximum instant transfer fee. Future of money guys its really happening. submitted by TechCynical to CryptoCurrency [link] [comments]

[ Bitcoin ] The maximum number of bitcoin that will ever be mined, or be existence, is capped at 21 million , of which 17 million are now in existence. 18. The creator(s) of Bitcoin owns around 21 1 million of the total that will ever be in existence.

[ 🔴 DELETED 🔴 ] Topic originally posted in Bitcoin by trade_with_darren [link]
trade_with_darren your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
submitted by anticensor_bot to u/anticensor_bot [link] [comments]

Bitcoin volatilidad máxima en precios mínimos. Altcoins ... Bitcoin Halving einfach erklärt. Warum ist der Bitcoin auf 21 Millionen maximal Anzahl limitiert? How to run a Full Node ~ Bitcoin to the Max Max Otte: „Finger weg von Bitcoin!“ Warum der 3-fache Börsianer des Jahres Kryptowährungen meidet Bitcoin to the Max - YouTube

LOOK AT THIS CHART WITH GREAT ATTENTION TO DETERMINE ALL POINTS This analysis has been constructed after looking at 5 Year historical analysis, analyzing news w/ trends from 2012 - 2017 We have gone by 2 bounce off points which are shown in white lines. We will be app arching 3 more potential renounce point with potential to end this reversal. Bitcoin, eine gewaltige Stromverschwendung. Sowie die 21 Mio. Bitcoins erschaffen wurden, wird keiner mehr minen. Also mit welcher Rechenpower sollen die Transaktionen dann noch realisiert werden? Bitcoin: Steht der Ausbruch aus dem langen Seitwärtstrend kurz bevor? So sieht die Lage momentan aus 22.07.20, 13:00 onvista Perhaps more importantly, it also represented an effective block size limit increase: Bitcoin blocks now have a theoretical maximum size of 4 megabytes and a more realistic maximum size of 2 megabytes. The exact size depends on the types of transactions included. Why Is the Block Size Limit Controversial? The block size limit is controversial because there is disagreement over whether or not ... With Bitcoin's price at $, you'd need bitcoins to be a Bitcoin millionaire in dollars. Since there are BTC in circulation, there are a maximum of people holding bitcoins. In all likelihood, the number is much lower than that and probably around 30,000-60,000 people with more than $1 million worth of bitcoins.

[index] [46477] [17135] [510] [18375] [47732] [35174] [21127] [49897] [2488] [131]

Bitcoin volatilidad máxima en precios mínimos. Altcoins ...

Get early access to Bitcoin to the Max by supporting the channel on https://tallyco.in/purism https://www.patreon.com/wcn Read Rothbard, Use Bitcoin Show wit... Bitcoin Halving einfach erklärt. Warum ist der Bitcoin auf 21 Millionen maximal Anzahl limitiert? BITFANTASTIC - Blockchain & AI. Loading... Unsubscribe from BITFANTASTIC - Blockchain & AI ... Get early access to Bitocin to the Max by supporting the channel on https://tallyco.in/purism https://www.patreon.com/wcn Read Rothbard, Use Bitcoin Show wit... Get your https://nodl.it today! Get early access to Bitcoin to the Max by supporting the channel on https://tallyco.in/purism https://www.patreon.com/wcn Rea... Share your videos with friends, family, and the world

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