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What is the amount of energy consumed by Bitcoin since 2009 in dollar terms? Is it smaller or bigger than the current market cap?

submitted by coinarmy to Bitcoin [link] [comments]

What is the amount of energy consumed by Bitcoin since 2009 in dollar terms? Is it smaller or bigger than the current market cap? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Shame on you Binance for not changing the ticker symbol for Bitcoin Cash from BCC to BCH. It's been a year now and yet nothing happens. BCH is #4 total market cap. What are your reasons for leaving it as BCC?

Shame on you Binance for not changing the ticker symbol for Bitcoin Cash from BCC to BCH. It's been a year now and yet nothing happens. BCH is #4 total market cap and this alone should be enough reason to list it with its correct ticker which is BCH. There's already a lot of confusion regarding the BTC and BCH. Naming BCH as BCC just creates more for newcomers. Binance what are your reasons for leaving it as BCC? Jager_Binance
submitted by money78 to btc [link] [comments]

The 800lb shitcoin: why Bitcoin SV market cap is pure fantasy, and a new metric that suggests it's a third of what CMC says

The 800lb shitcoin: why Bitcoin SV market cap is pure fantasy, and a new metric that suggests it's a third of what CMC says submitted by longspeek to CryptoMarkets [link] [comments]

Thought experiment: what happens to Bitcoin market cap if mBTC is the base unit (1 mBTC = $13.08)?

I've recently been thinking that a lot of the price action has been driven by new market entrants feeling 'priced out' of BTC – meaning they feel that if they can't afford a 1 btc, why bother. That has driven a lot cheaper, less fundamentally promising (imo) coins to insane levels.
If exchanges moved to mBTC as the base unit, do you think Bitcoin market cap would explode and accelerate adoption? Or do you think this has nothing to do with it, people genuinely believe in the underlying tech of other coins.
submitted by rab_eye to BitcoinMarkets [link] [comments]

Bitcoin users are speaking out, and they want bigger blocks. Compare these 2 OPs: r\bitcoin: "Full blocks DO NOT matter, what matters is transaction fees" (100 upvotes) vs r/btc: "Capacity problems can't be fixed with a 'fee market'; they can only be fixed by raising the blocksize cap" (200 upvotes)

If the voting and comments on these 2 threads are any indication, then it looks like twice as many Bitcoin users want bigger blocks.
Here's the thread on r\bitcoin, with only around 100 upvotes:
Why all the disinformation? Full blocks DO NOT matter, what matters is transaction fees. Currently $0.05
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/
And here's the thread on btc, which has around 200 upvotes (even though btc is a smaller forum):
REPOST from 12/2015: "If there are only 20 seats on the bus and 25 people that want to ride, there is no ticket price where everyone gets a seat. Capacity problems can't be fixed with a 'fee market'; they are fixed by adding seats, which in this case means raising the blocksize cap."Vibr8gKiwi
https://np.reddit.com/btc/comments/4kfqyj/repost_from_122015_if_there_are_only_20_seats_on/
So, the OP on r\bitcoin said "Full blocks DO NOT matter"... but based on the relative lack of upvotes, and the many people disagreeing with the OP in that thread, it looks like most Bitcoin users actually think that full blocks DO matter, and most users want bigger blocks.
Below you can check out some of the comments from people saying why they want bigger blocks:
"More people can fit on a bus if you just charge each person more." Such logic.
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3e2dkh
~ jratcliff63367
The lack of scaling will simply push people away from bitcoin.
~ 8yo90
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3eb5a5
If transactions do not confirm because blocks are full, people will lose trust in bitcoin and go somewhere else.
~ richardamullens
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3e3zvk
Price will have to fall before these morons wake up.
It will be too little, too late then.
~ TruValueCapital
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3eb76s
That's like saying Comcast shouldn't upgrade past 1MB internet speed, since they can just charge customers more ...
That is why people are moving to other coins.
~ squarepush3r
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3e4ezx
That's a bit of a false dichotomy to say we can either have 1MB or security but never both.
Do you know anyone who says 2MB would break bitcoin?
~ offeringToHelp
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3egdkx
Tests have shown we can have larger but not too large blocks with little to no problem, 2 MB would be fine.
However the Core client devs have stated they don't want to succumb to community pressure and raise the size as they would have to do it again later.
~ novanombre
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3eafam
Published academic evidence shows up to 4x larger block sizes were perfectly safe a few months ago without all the new optimisations.
~ redlightsaber
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3e6vj6
All the big exchanges are already moving to start accepting alt-coins, it's only a matter of time before the rest of the infrastructure catches up.
The idea that allowing more transactions to occur on the bitcoin network will somehow create a bigger centralization problem than we already have with Chinese miners is laughable.
If anything, bigger blocks will create a more decentralized network by encouraging mining operations to pop up outside the Great Firewall.
~ Jacktenz
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3eogot
If Bitcoin become more popular and used, more people will run nodes in other countries and bitcoin will become more decentralized in nodes and maybe miners, not less.
~ novanombre
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3ea4o3
The whole point of the block reward subsidy is to keep the transactions cheap/free to create the market and eventually charge transaction fees.
Keeping the blocks full this early is self-defeating.
~ bitniyen
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3eckux
I do think the artificial 1MB limit, well, limits bitcoin's utility.
~ offeringToHelp
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3e7a5k
What about the transactions that still can't fit in the block?
There is still a bidding war for fees and transaction times are still going up for those who don't bid high enough.
That is not good for bitcoin.
I serve a lot of customers on paxful/localbitcoins and the vast majority of these people have no idea what is going on.
There is no need for a fee market right now.
~ 1337btc
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3e586f
Sometimes when the house is on fire you have to put ou the fire before remodeling the kitchen.
~ MarkjoinGwar
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3edt9n
To make a blanket statement that full blocks do not is simply disingenuous, regardless of where you stand on the block size debate.
~ cyber_numismatist
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3e2y1s
Full blocks do matter, you ignoramus.
Your average layman user is going to have to deal with higher confirmation times.
~ 1337btc
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3e3npq
Can't stand this ridiculous line of thinking, not worth even rebutting it anymore.
If miners dont want to do anything about it then maybe it's simply impossible to hardfork Bitcoin at this point, in which case another coin will take over.
~ Fount4inhead
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3e6byl
Bitcoin is young, just slowly building its network effect.
Now it has stopped growing. It is no longer usable as a payment network.
People are fleeing, with their money, to alt-coins.
The cast of characters who are now acting as the controllers of bitcoin are social misfits who are creating a crisis due to their inability to communicate in a mature and professional way.
~ jratcliff63367
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3egxpn
This is the wake-up call.
https://np.reddit.com/DarkNetMarkets/comments/4k13rh/btc_transaction_time_at_3_hours/
~ ForkiusMaximus
https://np.reddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/d3e67v1
Also, remember that you can use unreddit.com (instead of reddit.com), to see comments that got deleted.
https://unreddit.com/Bitcoin/comments/4kd1m8/why_all_the_disinformation_full_blocks_do_not/
Here are 3 comments that got deleted from that OP on r\bitcoin:
This argument is a little weird.
Fees are priced in Satoshis per byte of transaction, not dollars.
If Bitcoin's price doubles at the halving ... average fees double from $0.04 to $0.08.
~ paperraincoat
Blockstream ... don't have any actual product to show for the $75m they raised.
Let's hope they run out of money before they turn Bitcoin into MySpace.
~ 10mmauto
Ethereum also has an adaptive gas limit (the Ethereum equivalent of a block size limit), which eliminates the need for a block size debate.
With Ethereum, if demand increases, then block sizes increase, and it's up to full node operators to upgrade their hardware to keep up with it.
~ jtoomim
submitted by ydtm to btc [link] [comments]

Ethereum market cap now 1/4 of Bitcoin - for blockstream core Bitcoin isn't money , is gold - what happens when it suddenly become brass ?

damn them moronic central planners simpletons !
submitted by realistbtc to btc [link] [comments]

02-19 02:44 - 'Finally bitcoin has woken up. But the real excitement coming up is to see what Tronix does! If we go bull I think Trx will be the first to overtake BTC in market cap. Mark my words.' by /u/trx_maximalist removed from /r/Bitcoin within 4-14min

'''
Finally bitcoin has woken up. But the real excitement coming up is to see what Tronix does! If we go bull I think Trx will be the first to overtake BTC in market cap. Mark my words.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: trx_maximalist
submitted by removalbot to removalbot [link] [comments]

[Brainstorm] 1000x Growth Challenges: What problems will the Bitcoin system, including its infrastructure, encounter when the market cap is 1,000 times higher?

In order to be stable and useful for many of its anticipated mainstream purposes, Bitcoin's market cap would have to increase by several orders of magnitude. This has led investors and non-investors alike to hope for higher BTC prices.
However, we got more than we bargained for as the infrastructure buckled under its meteoric rise over the past few weeks. Apparently not enough people anticipated the exchanges as weak links. I think we got off easy this time, with merely a price drop and moderate reputational damage. It could have been much worse.
If Bitcoin is to continue to grow and achieve success in the coming decade, it will likely do so at a rate that - while not as fast as the recent run-up - will nonetheless be stupendously speedy by conventional standards.
It is easy to predict that the exchanges (at least one in particular) will have trouble scaling at the required rate, but what other hidden threats might await Bitcoin, its developers, users, merchants, website operators, exchanges, and other infrastucture as we head toward a $1 trillion market cap?
Inspired by this thread on Bitcointalk.
submitted by Amanojack to Bitcoin [link] [comments]

What values get included in BTCs market cap? Is it only the actual fiat value that has been converted/invested in to BTC? /r/Bitcoin

What values get included in BTCs market cap? Is it only the actual fiat value that has been converted/invested in to BTC? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Shame on you Binance for not changing the ticker symbol for Bitcoin Cash from BCC to BCH. It's been a year now and yet nothing happens. BCH is #4 total market cap. What are your reasons for leaving it as BCC? /r/btc

Shame on you Binance for not changing the ticker symbol for Bitcoin Cash from BCC to BCH. It's been a year now and yet nothing happens. BCH is #4 total market cap. What are your reasons for leaving it as BCC? /btc submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

What values get included in BTCs market cap? Is it only the actual fiat value that has been converted/invested in to BTC? /r/Bitcoin

What values get included in BTCs market cap? Is it only the actual fiat value that has been converted/invested in to BTC? /Bitcoin submitted by cryptoallbot to cryptoall [link] [comments]

Monero: Secretly The Second Best Crypto? | Crypto Insider Bitcoin is the top choice, in terms of market cap, sentiment, history, and mainstream interest. But what's number two? Could it be Monero (XMR)?

Monero: Secretly The Second Best Crypto? | Crypto Insider Bitcoin is the top choice, in terms of market cap, sentiment, history, and mainstream interest. But what's number two? Could it be Monero (XMR)? submitted by giroth to canalstreetcapital [link] [comments]

Just a few days ago, CNBC "buried" Bitcoin deciding that the crypto story is over with the market cap falling three times since January. But let's take a step back and try to see a bigger picture. What happened, and what should we expect next?

Just a few days ago, CNBC submitted by JeremieCrypterium to crypterium_com [link] [comments]

What would the market cap be for a bitcoin to be 1 million dollars per coin? I remember seeing something on the net that BTC could reach a million. Is that possible? Another thing, I have BTC but where is the market? No where in NYC can I use btc? I have better chance using Apple Pay.

submitted by tommarkz to Bitcoin [link] [comments]

If investors think Uber (crying out for Bitcoin support) is worth $17 billion; then surely Bitcoin is massively undervalued at the moment (~$8 market cap)? What's the deal?

If investors think Uber (crying out for Bitcoin support) is worth $17 billion; then surely Bitcoin is massively undervalued at the moment (~$8 market cap)? What's the deal? submitted by kingofthejaffacakes to Bitcoin [link] [comments]

What happens to the price of Bitcoin if Ripple market cap is n.o 1

There's obviously a lot of irrational hype with regards to Ripple. I was amused watching the CEO of Ripple being interviewed talking about how it is decentralised. 60% of the token is owned by the central authority.
But what would happen to the BTC price if Ripple takes over n.o 1 position? What is your price estimation.
thanks
submitted by advanceb to btc [link] [comments]

[Mark Yusko] @danv9119 @APompliano @CBOE Wait, what... #Bitcoin is $120B market cap and the Network value is growing every day..… https://t.co/3QgMRWDjJc

[Mark Yusko] @danv9119 @APompliano @CBOE Wait, what... #Bitcoin is $120B market cap and the Network value is growing every day..… https://t.co/3QgMRWDjJc submitted by jeff98379 to newstweetfeed [link] [comments]

Best case scenario: market cap goes to $5 trillion, your crypto holding goes up tenfold. You turned $50k into $500k, so what it is barely enough to change your life. /r/Bitcoin

Best case scenario: market cap goes to $5 trillion, your crypto holding goes up tenfold. You turned $50k into $500k, so what it is barely enough to change your life. /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

New to crypto currencies. From what I see it, Bitcoin was the first crypto. Litecoin, the biggest altcoin (in market cap). Now I wanna know more about Proof of Stake coins. What is the deal with Reddcoin?

So I get that bitcoin was the first crypto and Litecoin was the first alternative crypto. I came here to know more about Proof of Stake coins. What are the differences between the other mining algos and his one in particular?
submitted by Automorph to reddCoin [link] [comments]

Question: Whats the correlation between the market cap and the amount of new money entering bitcoin? Is there a way to work this out?

For instance, how much new money has to enter the market for the market cap to rise by $1B?
I understand that market cap = price x supply And that the price is set by whatever rate traders are happy to buy and sell at. And that the the price they are happy to trade at is connected to the supply and demand (number of people wanting to buy versus the number wanting to sell). Therefore, in general, the price will go up as more money enters the market.
Is there a metric that can tie these things together? I realize there is not a direct correlation (the market could suddenly decide that a bitcoin is worth $10k without money entering or leaving the exchange) but there must be some kind of trend.
Just trying to clear this up because I think there is a common misconception that when the market cap rises by $1B it means that $1B of money came in from elsewhere.
submitted by Fly115 to Bitcoin [link] [comments]

Thought experiment: what happens to Bitcoin market cap if mBTC is the base unit (1 mBTC = $13.08)? /r/BitcoinMarkets

Thought experiment: what happens to Bitcoin market cap if mBTC is the base unit (1 mBTC = $13.08)? /BitcoinMarkets submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What is a Crypto Market Cap? What Is Market Cap? - Crypto Newbies Watch This! What Is a Cryptocurrency Not known Facts About How to Buy Bitcoin - CoinMarketCap ... What is

The market cap of a cryptocurrency is calculated by multiplying the number of coins or tokens in existence by its current price. $0.00. 0.00%. 24hr Volume. Volume is defined as the number of digital coins that have been traded within the last 24 hours. $0.00 . 0.00%. Bitcoin. BTC. $0.00000000. 0.00%. Bitcoin Cash. BCH. $0.00000000. 0.00%. I want to buy. Bitcoin. BTC. I want to spend. USD. For ... Some musings about Bitcoin future market cap. Sylvain Saurel . Follow. Mar 6 · 2 min read. It’s hard to give a number directly. The best thing to do is to compare the market capitalization of ... Live Bitcoin prices from all markets and BTC coin market Capitalization. Stay up to date with the latest Bitcoin price movements and forum discussion. Check out our snapshot charts and see when there is an opportunity to buy or sell Bitcoin. Bitcoin’s value adjusted for this market cap will give us $166,000 per bitcoin. Again, this doesn’t take into consideration the exodus of money from shitty projects into quality projects we listed above including Bitcoin. $1000 invested at the current market cap will be… Every thousand dollars invested in Bitcoin at the current prices could be worth $2857 at a $1 trillion market cap ... Bitcoin’s market cap is $ 210,343,282,246. Top 10 coins by market capitalization $ USD $ USD € EUR ₹ INR; 0. Previous 25. Next 25 # Coin Price Marketcap Volume (24h) Supply Change (24H) Price Graph (7D) 1: Bitcoin. BTC $ 11,360.49 $ 210.34 B $ 20.26 B: 18.52 M BTC: 1.25%: Add to Watchlist; Buy Now; Sell Now; 2: Ethereum. ETH $ 368.14 $ 41.60 B $ 9.85 B: 113.04 M ETH: 2.60%: Add to ...

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