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Block Zero – Blockchain Technology Blog
I0coin (I0C), news for I0coin cryptocurrency
I0coin (I0C) is a peer-to-peer cryptocurrency based on Bitcoin with a faster block time and shorter maturity. I0coin is merge mined with Bitcoin to allow for super efficient, low energy mining, and a massive network hash rate. I0coin is the most secure cryptocurrency with a block time faster than Bitcoin's.
Bitcoin Halving The bitcoin protocol specifies that the reward for adding a block will be halved approximately every four years. Eventually, the reward will decrease to zero, and the limit of 21 million bitcoins will be reached c. 2140; the record keeping will then be rewarded by transaction fees solely http://www.satoshi.pl
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"Bitcoin's value largely come from a widespread assumption that certain promises will be kept forever. One of those promises is the block reward. If that is ever changed - no matter how slightly - then Bitcoin has a NPV of zero."
In the last seven days there have been 161 Bitcoin cash node blocks discovered. Zero blocks in the last seven days are signaling for ifp. Farewell ifp.
In the last seven days there have been 161 Bitcoin cash node blocks discovered. Zero blocks in the last seven days are signaling for ifp. Farewell ifp. IFP has poor support https://cash.coin.dance/blocks/summary
Chris Pacia: "You need to remember how the "store of value" meme came to be in Bitcoin to begin with. Parts of the community refused to make a trivial change to the block size which would have preserved utility and had zero negative effects. This rendered the system largely useless. Hence SOV."
No Bitcoin Cash block for 4 hours. The Abusing of the EDA has started again.
Sorry to be blunt but are there really any EDA supporters ? Due to EDA we get: 1) Half a day with Zero blocks. Bitcoin Cash is basically useless during this time. 2) Then 3-4 days with 30-50 blocks per hour (!) which leads to a high inflation. I don't really think any of this is in Satoshis white-paper ... And I don't see any indication that this oscillation is going to stop because why should it. Miners earn money this way and they will keep doing so as long as BCH price does not fall.
#bitcoin under attack: twice someone tries to broadcast a bad block (proof of work failed: blocks start with only one zero .. 15 min later with not enough zero's). Glad my node rejects this joker immediately!
04-03 12:24 - '"1) Busting the Myth: “Bitcoin has zero value & is backed by nothing.” / #Bitcoin is backed by the resilience of a decentralized network of miners that maintain block validation which establishes a consistent Financ...' by /u/twitterInfo_bot removed from /r/Bitcoin within 39-49min
''' "1) Busting the Myth: “Bitcoin has zero value & is backed by nothing.”
Bitcoin is backed by the resilience of a decentralized network of miners that maintain block validation which establishes a consistent Financial System. Monetary Policy is dictated by code, NOT the
We are winning the battle, but the war is not close to over (/r/btc vs. /r/bitcoin)
This little picture sums everything up. We have more than 50% of the users visiting at any one time, but they have 40x more subscribers. This means casuals aren't aware of what is going on, and will likely return to /bitcoin. We need casual viewers to stay away from censored forums like /bitcoin and bitcointalk.org. Some great ideas: 1) Run a targeted advertisement on /bitcoin that sends users to /btc (as long as it doesn't violate the advertising policy of reddit, they can't censor our ad) 2) Post a list of the "top 5" most eggregious acts of censorship on /Bitcoin 3) Keep a running log of every censorship act that /bitcoin has taken (keep score) 4) from cypherblock : Everyone should reach out to developers of Bitcoin apps that aggregate news (ZeroBlock, BitcoinStats, etc) and see if they will switch to /btc as their source. 5) from jmdugan & lubechow : Message people online over there and politely tell them to come to /btc. More ideas welcome. It's time to end /bitcoin's ability to manipulate public opinion. Thank you.
Bitcoin.com, ViaBTC join ‘Miner’s Choice’ initiative for Bitcoin Cash miners. ...a move that will eliminate the current dust limit and begin processing a number of zero-free transactions in every Bitcoin BCH block.
Bitcoin 101: Block Reward Is Effectively Zero Long Before The Year 2140 (estimate: 26 April 2080 dpd. on assumptions)
Edit: Why downvote?? Is this an ideologically unwelcome truth, or did I make a factual mistake? In case of the former: You do not need to feel "attacked". I did not mean it as an attack but just as an interesting finding. Bitcoin won't get harmed by this finding - by 2080 tx fees will anyhow secure the blockchain even without mining block reward. And scarcity will kick-in sooner than originally expected. Edit 2: It's 9th Nov 2132, not 26th Apr 2080. Item (3) of this post is invalid, as I learned from two redditors, thanks for that! It is commonly "known" that block reward becomes zero in the year 2140. This rule of thumb is derived from the following concepts:
Bitcoin protocol foresees 33 block reward havings. After the 32nd having block reward is 1 satoshi. One halving later it will become zero, because each halving rounds the block reward down to full satoshis.
There is one halving every 4 years based on a 10 minutes block time interval.
There are threetwo "inaccuracies" here, that we shall correct:
(1): "Not 4 Years": One halving is not every 4 years but every 210,000 blocks. Assuming 10 min block time and taking leap years into account, this is 2.6667 days less than a 4 year period (i.e. 1 halving interval = 4 times 364.58333 days). For the 33 halving periods this means we arrive at zero block reward 88 days earlier than with the "simple rule of thumb", namely on 8th October 2040.
(2): "Not 10 minutes": The true block time is only 10 minutes in an ideal world with "perfect" mining difficulty adjustments. However, in the Bitcoin protocol the mining difficulty is adjusted only every 2 weeks or more precisely every 2016 blocks. Since mining hash rate has increased ever since Bitcoin's inception, difficulty adjustment always lags a little bit behind. As a consequence, the actual average block time is rather 9.4 than 10 minutes. Assuming this will continue to be the case due to advancements in computer technology, this leaves us with a halving interval of 94% of 4 x 364.58333 days, or only 4 x 342.70833 days. This brings us to "zero block reward" at 33x4x342.70833 days after 3rd Jan 2009, or 123.853525 years after 3rd Jan 2009, whis is year "2132.861739" or the 314th day of the year 2132, which is 9th Nov 2132. So we are ca. 8 years earlier than what the rule of thumb tells us.
(3): "Dust": A miner gets his block reward awarded as a new UTXO. If he wants to spend these bitcoins, he has to pay a miner fee in accordance with the fee market. Clearly, if that mining fee is higher than the amount spent, it is economically rational not to spend it in the first place. By the time block rewards are small, we shall assume that miner fees are much higher than today. As a consequence, small UTXOs will effectively be "economically unspendable". This means, the block reward will be "effectively zero" (i.e. won't be of any economical benefit to the miner) as soon as the block reward falls below the dust limit. Clearly, the dust limit level depends on the miner fee level. To get an idea, let's make some assumptions: -- Let's assume that the incremental miner fee for including one more UTXO in a TX is $100. -- Let's assume that 1 BTC is worth $1 Million, i.e. 1 satoshi = 1 cent. Under these assumptions the block reward falls below the dust level already 14 halvings before block reward turns zero. So the point of "effectively zero block reward" is reached already at the 19th halving, not 33rd halving. In analogy to (2) we calculate that this would leave us with "effectively zero block reward" at 19x4x342.70833 days after 3rd Jan 2009, or 71.31 years after 3rd Jan 2009, whis is year "2080.3178" or the 116th day of the year 2080, which is 26th April 2080. So we are ca. 60 years earlier than what the rule of thumb tells us.
Of course, with other assumption on (2) avg. block time and on (3) UTXO dust limit we get a different year, but it should be clear that it is in any case well before 2140, and most likely well within this century. If you see any flaw in my calculations, feel free to point this out in your comment.
What will the be the impact of decreasing the Bitcoin block reward from 12.5 to 6.25? Analysts expect that the halving will trigger a Bitcoin price boom. Get your BTC on https://www.cgcx.io with a zero transaction fee offer for a limited period only! #BTC #Bitcoin #Halving #CGCXio #Crypto
06-11 16:34 - 'Same goes for Beam: [[link]] is a block coinjoining 296 transactions. Beam's advantage over Grin: in the Dandelion Stem Phase, if there are not enough outputs, zero decoy outputs are being added: [[link]]' by /u/vcorem removed from /r/Bitcoin within 270-280min
''' Same goes for Beam: [[link]3 is a block coinjoining 296 transactions. Beam's advantage over Grin: in the Dandelion Stem Phase, if there are not enough outputs, zero decoy outputs are being added: [[link]4 ''' Context Link Go1dfish undelete link unreddit undelete link Author: vcorem 1: explor*r.beam.mw/block*e*4*074**8aa**df*39b*81d16*be398***df*2d*122ea*4c21*a7**67*b*e3e 2: *ithub***m/BeamMW*beam/wiki*T*ans**ti**-*raph-o**uscation 3: explorer*beam.mw*b*o*k*e*47074***aa*6df3*9bb81d16db*39839ad*2**0*22ea64*2*7**5*67cb1e*e]*^1 4: *it*u*.*om/B**mMW/beam*w***/Transacti*n-g*aph-ob*uscat*on*^^2 Unknown links are censored to prevent spreading illicit content.
05-15 20:45 - 'It’s the fastest , zero fee , decentralized crypto available using DAG/block lattice tech instead of blockchain . Literally transfers in a second and confirms blocks instantly. That’s literally the only thing I can say on the ma...' by /u/EazeeP removed from /r/Bitcoin within 71-81min
''' It’s the fastest , zero fee , decentralized crypto available using DAG/block lattice tech instead of blockchain . Literally transfers in a second and confirms blocks instantly. That’s literally the only thing I can say on the matter. You can check out the Natrium wallet on iOS or Android and see how user friendly the UI is. Send me your wallet address and I’ll send you Nano to play with No??? Why don’t you want to even try it out? For free? Like I don’t get people’s hesitation to even try out/participate in Nanos network. Be open minded, sheesh. Not like I love it more than bitcoin but I see it’s place in the ecosystem ''' Context Link Go1dfish undelete link unreddit undelete link Author: EazeeP
01-02 21:03 - 'You can see the first block here: / * [[link]] * [[link]] * [[link]] / If you want a copy of the newspaper article referenced on that day in block zero, you can download it from my Google Drive. / * [Front page (1mb)] * [Who...' by /u/amansaggu26 removed from /r/Bitcoin within 1-11min
''' You can see the first block here:
If you want a copy of the newspaper article referenced on that day in block zero, you can download it from my Google Drive.
[Front page (1mb)]4
[Whole newspaper (218mb)]5
''' Context Link Go1dfish undelete link unreddit undelete link Author: amansaggu26 1: *lo*kc**ir.co*/b**coin/blo*k/0 2: www.block*hai*.com/***/blo*k-he**ht/* 3: btc.**m/000**0000019*6*8*c085ae1***31e934f*763ae4**2a6*1**b3f*b60a8ce2*f 4: drive.*o*gl**com/f**e*d*15-uP*QYQOI2s*HUhPXrxJ_-2laO8*e*C*view?u*p**ha**ng 5: *ri*e.goo**e.c*m/f*le/d/1g*pOnn9w**V**8dUBn*wFT0*6XJ7*1VS*view**sp*sharing 6: *lockcha*r.c*m/bi***i*/block/0]^*1 7: ww*.*lockcha*n*c*m/b*c/block-heigh***]*^2 8: btc.com/00*0*000*019d6*89*085ae165831e9**ff7**a**6a2***17**3f1*60a8ce26f*^*3 Unknown links are censored to prevent spreading illicit content.
Real-Time Bitcoin Market Data and Aggregated News Feed. In 2014 the company ZeroBlock was acquired by Blockchain.info. × Project Transfer. In order that we can transfer the project to you, confirm your involvement in it through the official mail, on which we will send you a link to transfer the project. Close Send × New message. ZeroBlock Messages are answered by community administrators ... Now you can generate free bitcoins up to 1 bitcoin, this is the easiest way to get free bitcoin. giving you access to the best tool for btc generator online. 100% White Hat Ethics. Our software is 100% white-hat and it uses the newest technologies for mining bitcoin. ... Block Zero Blog. Bitcoin / Blockchain Technology / News. Bitcoin Reward Halving provides massive increase in hash rates . The hash rate measured in the Bitcoin network has reached a new all-time high. Due to the upcoming Halvings and also the rising price more and more people feel addressed to invest their money... Blockchain Technology / Cryptocurrency / News / Trading. Ripple XRP – Coin ... Launched in 2013 by Dan Held and Kevin Johnson, ZeroBlock was a website and mobile app that provided bitcoin exchange data and aggregated news. The company later acquired bitcoin trading platform ... block zero Own a piece of Bitcoin history Limited edition, hand-made, framed original issues of The London Times from January 3rd, 2009 - the issue that contains the quote Satoshi Nakamoto used to timestamp the first block in the Bitcoin block chain .
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