Breaking It Down: Bitcoin Units of Measurement
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I really like the idea of trying to own 21 Bitcoin so you can say you own 1-millionth of all the Bitcoin ever created! I am impressed by the Bitcoin community of Israel. It is interesting to see how Altcoins are being fueled by growing interest in Asian countries. The mainstream media is talking about ICO's again. New Israel BTC show- https: Limit 10 pcs only coupon use at first, first come first serve basis only. There are total 6 crptocurrencies. CryptoHWwallet affiliate link- https: Buy your Bitcoin Trezor storage device here: Loving this BTC pullback.
Taking advantage of it But owning 21 BTC is pterry cool too. I recently discovered really one millionth of a bitcoin story explaining why Ethereum Classic may surpass Ethereum.
It would be interesting to find out what would be your opinion on this subject matter. As an early Ethereum supporter, I've come to the difficult conclusion that Ethereum Classic will eventually surpass Ethereum in market capitalisation in and around the Casper transition.
I've empirically discovered for myself that the economics of PoW are fundamentally different than PoS. Ethereum will excise all it's miners during the Casper transition and this will collapse its internal crypto-economy that drives its current market-cap.
Since Ethereum Classic intends to maintain PoW even if hybridizedit will not suffer the marketcap excision of 2. During 2the miners will likely migrate en masse to Ethereum Classic rather than forking resulting in the transitive transfer of the lost ETH value into ETC via the crypto-economics of mining. On the basis of 123 and 4 and assuming nothing else environmentally changes, it's clear that this one millionth of a bitcoin transfer will occur.
I've personally re-positioned my own holdings based on this reasoning which was a painful decision, since I was one of those blockchain developers who berated ETC during the DAO fiasco. Suppose that dapps like Augur or Swam City become massive successes. The demand-side liquidity they induce should offset the downside from 1 - 4except that:.
Any dapp success or innovation one millionth of a bitcoin Ethereum can and most likely will be duplicated on Ethereum Classic, since it's all open sourced. This means a dapp that cannot be computed on the Ethereum Classic network. On this basis, Ethereum Classic is likely to surpass Ethereum during the Casper transition. What are your thoughts on this? I don't have time to repeat everything I have said numerous times here.
ETC actually has a limited supply which is huge. ETC stands for something. Please explore my video archives. The 1-millionth of all Bitcoin goal! Support the cause if you like what I have to say: Authors get paid when people like you upvote their post. Philip Francis tweeted 14 May - I am just a bot trying to be helpful. I am going one millionth of a bitcoin have to bring up this concept more often. I one millionth of a bitcoin like it. Is there anything that could change this inevitable outcome?
The demand-side liquidity they induce should offset the downside from 1 - 4except that: