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To: P-Marlowe

The maximum amount is 21 million. About 19 million have been “mined.”


20 posted on 11/21/2024 1:23:01 PM PST by Vermont Lt
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To: Vermont Lt; P-Marlowe
Re: "How many Bitcoins?"

A critical question.

Unless investors know how many Bitcoins are in circulation (aka - "the float"), it is impossible to calculate the value of one Bitcoin.

As of today, every Bitcoin sale, purchase, or transaction is purely speculative.

Second issue - in a strict legal sense, how do you prove ownership of any particular Bitcoin?

Since anonymity is a central feature of Bitcoins, you have no legal recourse if someone hacks into your account, and moves your Bitcoins to a new account.

Final issue - Block Chain.

I do not get it.

Anyone with basic computer skills could have created Block Chain 30 years ago.

Buy a public website.

Publish a "Write Once - Read Only" Excel Spread Sheet.

Conceal millions of Crypto Coins behind 64 random character passwords.

Presto - Block Chain!

In spite of my current doubts, I think digital currency will eventually dominate business transactions.

Until someone turns off the electricity, anyway!

28 posted on 11/21/2024 2:35:28 PM PST by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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