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Showing 10 of 10 results by Bohfin Legasof
Post
Topic
Board Bitcoin Discussion
Topic OP
satoshi mining alone
by
Bohfin Legasof
on 18/07/2024, 17:42:15 UTC
when Satoshi started the bitcoin (blockchain) and he was mining alone ig, was he mining all the time? Cause if he stopped and nobody mined how was bitcoin able to continue to create blockchain

Is there solution for event where nobody would mine some coin?
Post
Topic
Board Bitcoin Discussion
Re: What after THE END?
by
Bohfin Legasof
on 05/07/2024, 13:24:23 UTC
Its year is 2024 and approximately 1.5 million bitcoins are left. What can we predict and prepare for until 2140 when bitcoin will be mined?
Could we increase the amount of bitcoin, or will it just end? What will happen second before and after Bitcoin reaches its limit?
How is the 21 million bitcoin cap defined and enforced is what you need to read, if you have yet read it.

Bitcoin has a Proof of Work blockchain and with each new Bitcoin block, miners will always receive transaction fee by confirming transactions for Bitcoin users. It is true now and after 2140 even when all 21 million bitcoins mined and existing in total supply. Before 2140, with each new found block, Bitcoin miners receive block subsidy (reward), that halves every four years.

Controlled supply
Bitcoin Equivalent Network Time

sure ik so,

the transactions will continue, but the platform will be more dangerous because miners will not be mining because of the loss of energy with no reward. So, the Bitcoin at the end could fall because no one will be motivated to mine it, and the price could go hypothetically up because there will be no more source to get new bitcoins from, transactions so blockchains will continue to generate.
Is there anything we can do to stop these attacks when no one will stay mining? or....
Post
Topic
Board Bitcoin Discussion
Re: What after THE END?
by
Bohfin Legasof
on 05/07/2024, 13:08:43 UTC
Read this thread:
https://bitcointalk.org/index.php?topic=5499656.0

No point of starting this discussion all over again.

thanks!
Post
Topic
Board Bitcoin Discussion
Topic OP
What after THE END?
by
Bohfin Legasof
on 05/07/2024, 12:56:30 UTC
Its year is 2024 and approximately 1.5 million bitcoins are left. What can we predict and prepare for until 2140 when bitcoin will be mined? Could we increase the amount of bitcoin, or will it just end? What will happen second before and after Bitcoin reaches its limit?
Post
Topic
Board Marketplace (Altcoins)
Re: I want to create new Cryptocurrency. I am making a team for 5 technical guys.
by
Bohfin Legasof
on 23/01/2022, 15:37:02 UTC
new cryptocurrency about what. Do you want to make just a new alt-coin that doesn't have a point or crypto that has some new useable "METHODE?
Post
Topic
Board Bitcoin Discussion
Re: Coinpark is closing while holding our funds and not allowing us to withdraw
by
Bohfin Legasof
on 09/01/2022, 09:14:07 UTC
try to contact some support if there's some. I don't use Coinpark but when I tried to go to this website, it can't load and let me in. I couldn't search the Coinpark license.
I'm not recommending to use...
Post
Topic
Board Bitcoin Discussion
Re: do we need SHA-512?
by
Bohfin Legasof
on 08/01/2022, 20:23:40 UTC
Explain to me why. The ripemd160 doesn't have that big result as SHA512 or whirlpool. Then why should be not sha512 more safely as SHA256?
Post
Topic
Board Bitcoin Discussion
Merits 3 from 1 user
Topic OP
do we need SHA-512?
by
Bohfin Legasof
on 08/01/2022, 19:51:17 UTC
⭐ Merited by NotATether (3)
I wanna ask if is there a need to add the SHA512 Hash generator. Ofc. the storage of the mined block gonna be bigger (difficulty gonna be changed)
but it's gonna be more safety
Post
Topic
Board Bitcoin Discussion
Topic OP
if bitcoin was main currency, what's gonna be the BTC value?
by
Bohfin Legasof
on 06/01/2022, 08:20:47 UTC
BTC was created with a new transaction system without a central authority. The BTC can be used in the future as the main currency that we gonna pay with. But what's gonna be the value of a main currency? What's the value of dollars or eur?

-Answer is: The dollar IS the value. The dollar doesn't cost anything. The dollar is the value.

If BTC is gonna be used in future, it not gonna cost anything, because the BTC is gonna be the value. It not gonna be like Bitcoin cost 50,000dollars... Bitcoin not gonna cost anything because Bitcoin IS the value. But that's probably not gonna happen. We not gonna pay with BTC but with stable coins like USDT...
Post
Topic
Board Speculation (Altcoins)
Topic OP
new transactions and invest methode
by
Bohfin Legasof
on 05/01/2022, 12:05:08 UTC
we can make crypto transfer transactions without a blockchain. The block have a nonce and a hash. We add to transactions nonce and hash. There are gonna be mainers that are gonna mine this hash number. We make transactions-chain (or call that how do you want...). Ofc. the hash numbers are not gonna be that big. If there are not that mutch transactions, hash gonna be harder. If there are more mutch transactions hash gonna be easier for miners. This needs to be harder even the fastest user can't mine it that fast... Every transaction have (hash0)-(hash1)/(hash2)-(hash1) /every transactions are connected together by hash.

-OPW -(only-pay-when)

When this crypto is in mode "TRUE" you can sell it. If is in mode "FALSE" you can't sell it. These modes are changing every 10minutes. +if it's in mode "TRUE" (when you can sell it), and crypto goes down more than 50% from the last 10min. crypto cant be solted.