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/biz/ - Business & Finance

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9644981 No.9644981 [Reply] [Original]

Is $1000 EOY possible?

>> No.9645040

Yes
$1000 is like 3bil marketcap

>> No.9645047

>>9645040
Holy shit that is nothing. Dentacoin was 2bil

>> No.9645111

>>9645040
>>9645047
Cool, I got 5k of them

>> No.9645134

>>9645047
>Dentacoin was 2bil
yezz the crypto market is insane.

>>9644981
Yes.

>> No.9645203

Current marketcap is not even 2mil

>> No.9645265

>>9645040
you know that miners would have to stop mining in order for it to be?

The supply target is 10 500 000 after that it will slow down heavily, so 10bil marketcap for 1000 is expected

>> No.9645609

>>9645265
Proof, fag?

>> No.9645766

>>9645265
it will be same as with bitcoin

Difficulty Calculation and Adjustment
After every block is minted, the smart contract will determine if it is time to adjust the difficulty. This occurs every 1024 mined blocks. Just before this occurs, the contract increments the reward era if necessary - this is, if the tokens minted count has exceeded the maximum era supply which is calculated via a simple halving algorithm:

max_era_supply = total_supply - (total_supply / (2 * (reward_era + 1)))

This means that the first era supply is 10500000 tokens, the second era supply is 15750000 tokens, the third era supply is 18375000 tokens and so forth. During the first era, the block reward for a mint() is 50 tokens. During the second era, the reward is 25 tokens. During the third era, the reward is 12.5 tokens and so forth. There are forty eras total until the mining will halt. This is expected to take about 100 years at which time 0xBitcoin can be used as a decentralized digital currency for Ethereum.

https://github.com/0xbitcoin/white-paper