Quote from: seejeffrun on February 28, 2014, 10:15:06 AM

You are the biggest moron!

21 billion bitcoins? really? And I need to get my math right before posting misinformation!

12,456,475 bitcoins in circulation divided by 700,000 is 5.6%.

Well, la de da, I was 1.6% off. Didn't really feel like getting the calculator out, but since you insist.

Minus 5.6% of the total supply, and if those mtgox people want there coins back, they'll have to rebuy. What percentage of bitcoin will they rebuy? You will then have to add that to 5.6%, for the increased valuation of bitcoin. If in theory, mtgox people wanted the whole 5.6% back, then the value of bitcoin "should" increase 11.2%, not withstanding the effects of lost consumer/investor confidence in bitcoin in general.

Listen, I didn't disrespect you and call you names, I made a simple mistake of confusing the total amount of Bitcoins there can ever be from 21 Million to 21 Billion; it's an honest mistake. It's late here, I just got off a 15 hour shift; chill the fuck out. You don't have to get your panties in a bunch because I don't deal with laziness and stupidity very well, in fact I really don't stand for it at all. 1.6% can be a very massive difference since it's a percentage, not an outright number.

Now off you go Jeff, run along and try playing nice with everyone else instead of being an intolerable little prick.