Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
hisslyness
on 27/02/2023, 12:05:41 UTC
⭐ Merited by JayJuanGee (1)
[...]

Fun Fact...

Last Full Bitcoin to be added to the network will take approx 34 years (Approx. Block 5,168,390 -> Last Reward Block)

I didn't understand what you mean by "Last Full Bitcoin to be added to the network"?  and this Approx. Block 5,168,390 -> Last Reward Block?

[...]

What he means is that all mining from block 5,168,390 (2106) until the last non-zero-reward block (2140) will only add one (1) Bitcoin to the network.

Makes you appreciate the condensed power a single Bitcoin can have... By that time people will likely be using the sat as a unit of measure, for practical purposes.

Blessed are those who own one or more whole coins...

Exactly!.. Just mind boggling to think how much 1 whole Bitcoin is truly worth! i don't think i need to repeat the same rhetoric about trying to accumulate a 1 whole Bitcoin...

In regards to rounding, it was in relations to halving cycle rewards... you obviously can't have 1/2 a SAT, so it was rounded up or down pending on the bit... so it wasn't a true halving.