Post
Topic
Board Bitcoin Discussion
Re: The truth about bitcoin
by
stompix
on 25/06/2018, 13:09:08 UTC
while Im bad in English, my math is very good. Producing coins like this with the reasoning of creating independent anonymous, yet traceble currency, is not reasonable. If I have time tomorrow, I may give it a try and calculate for You, what is REAL production cost, that is made for producing one coin.

It has no relevance to anything. Calling 100,000,000 satoshis a coin is completely arbitrary. The cost of mining 1 satoshi is simply driven by the current market price of Bitcoin, not the other way around.

You've just fed the troll with this one Cheesy
He will go and start saying that miners decide the price of BTC, I can feel it coming...

https://www.ccn.com/only-another-four-million-bitcoin-will-be-mined-heres-why/
https://www.reuters.com/article/us-markets-bitcoin-factbox/factbox-things-you-might-not-know-about-ballistic-bitcoin-idUSKBN1E12RE

Is CCN trustworthy enough? Reuters? or You know more, because You just are a believer?

Or You want to tell, that there is NO set limit of 21 million coins?

Bro, make up your mind....
What do you want to prove here, that there are more than 21 millions bitcoins or that there will be only 21 million bitcoins?

And whats the point of Your last sentence? We have already electronic payment, based on strong cryptography, if needed almost anonymous too. And absece of third party? That wont be granted with bitcoin too. Or how else You would call blockchainers?

Oh, we're already at the next stage, denying reality.
So you claim that p2p payments can't be done with BTC, or what?