Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Talmud (or Order 2.625 Bible)
by
KalOlak
on 29/07/2023, 18:59:13 UTC
I respect the Bible, and I respect your religion. So, please do not take my meme an attack toward your religion because I am also a religious person and I respect others. seriously I just shared it as fun for Franky1. I think he likes to do that. And in your calculations what is 8 million like if they are a number of people then what's the source of it.



Alright, I'll try to explain as concisely as possible. Imagine you are playing a game that can be played by 8 billion people. What game is it? Well, let's call this game "Internet" or "Bitcoin."

Let's first play a game called "Internet." You know that the main protocol of the Internet is IPv4. The maximum number of IPv4 addresses is 2^32 (~4.3 billion). So, there won't be enough addresses for every person on Earth. Let's assume you are in the early stages of the Internet and you believe in the technology. You have strategies: to take 0 addresses or take all 4 billion addresses for yourself. If you take all 4 billion addresses, the Internet won't spread, and you'll lose. If you take 0 addresses (you actually have 0), you'll have to rent and pay for addresses your whole life. So, there's an optimal number of addresses you should reserve for yourself. That will be the best strategy. I own 1280 addresses, which I got for free over 10 years ago. Each of them is valued at $50 today.

I hope you understood the game's conditions. Now let's play a game called "Bitcoin."