MBTC

sourDEEEEZ

There is no factual information that proves or even leads to Satoshi “having a million BTC locked up” - this is what OP should have posted because It’s starting to get out of hand. “WhAT iF toShI dUmPeD 1MBTC oN tHe MaRkeT”🤦🏻‍♂️

DuplicateDestroyer

**Your submission has been removed because 1 submission with a similar title has been posted on the subreddit in the past.** **OP:** /u/MamiHasOnline **Date:** 2021-08-29 06:21:14 **Duplicates:** N | User | Date | Posted... | Similarity | Title :-:|:-:|:-:|:-:|:-:|:-:|:-: 1| [/u/Orkun1903](https://www.reddit.com/user/Orkun1903) | 2021-08-28 20:59:28 | 9 hours 21 minutes before | [95%](https://www.reddit.com/r/CryptoMoonShots/comments/pdhtr5/minibitcoinmbtc_bitcoin_reward_token_fair/) | [MiniBitcoin(MBTC) - Bitcoin reward token | Fair Launched | LP Locked for a ...](https://redd.it/pdhtr5) I am a bot. If you believe this was sent in error, reply to this comment and a moderator will review your post. **Do not delete your post or moderators won't be able to review it.**

agent_vinod

Volatility shouldn't affect them as long as they price everything in terms of Bitcoins and not USDs. For example, if they start selling bread at 1 MBTC instead of 30 USD, then the exchange rate of BTC/USD should be of no concern to them?

Guybrush1973

I'm still a little bit skeptical about this number, but if we take it in calculation we will have: \- median of 20\~25% of lost BTC \- max market cap: 130T$ / \~16MBTC \~= 8M$ per BTC \- a more realistic market cup (still really high, so we need to wait a lot of time for this to happen if it will at all): 20T$ / \~16MBTC \~= 1.2M$ per BTC (this would mean BTC has the value of the dollar) \- it really depends on many many factors like covid, us politics and economics, big brand or state start using it as a currency, etc. But I think in the next months we can reach 1T$ to get something like 70K$ per BTC

birdman332

From my understanding, the settlement would still be an issue. The ~10 minute block times aren't long enough for nodes on Earth and Mars to share and confirm transactions without new blocks already being added on to the blockchain on Earth. Lightning still has to settle like any other BTC transaction, and that currently wouldn't be possible at that distance (I don't think, please let me know if I'm missing something there). Now the Moon would be close enough! Maybe we'll just have to have MBTC on Mars haha Mars Bitcoin!

plumberoncrack

Not to harp on it, but I just wanted to flesh out my feedback so you can see the issue from a user's POV. (And I am only making a point of this because I have already spent a fair amount of time on there because it's fun). When depositing, you are prompted on the amount to deposit in uBTC in the initial window or Micro-Bitcoin in the "select currency" window. There is no easy way of seeing how much of a BTC that is. If I Google "MicroBitcoin to USD" I get a conversion from the MBTC coin to BTC. If I Google "UBTC to USD" I get results for United Bitcoin. So now I have to Google "Bitcoin denominations", find that 1 uBTC is 0.000001, then multiply that by the 200 uBTC I want to deposit, then Google "0.0002 btc to USD" to find that I'm depositing $11, and I also now know that the 0.0005 minimum bet on most games is 25 cents. Along with this, when funding through the "Buy Micro-Bitcoin" function, it gives the default value as 0.0016 BTC for $100. No mention of how many uBTC that would be, so there's another conversion the user needs to do! And of course, all of this math will change whenever there is a change in BTC price, so it has to be redone. Other than this, the site is a whole lot of fun, it would just be nice to know how much I am transferring and how much is in my account wallet in terms of USD. Thanks again!

No_Newt3430

What would you say MBTC or IBCT at Mercatox?

luke-jr

Not really. While the original implementation would have reset the subsidy after block 13440000, that block wouldn't be reached until nearly AD 2264. However, the block timestamp runs out in AD 2106, making all future blocks invalid. So code cannot be reasonably referenced to guess what the rules after AD 2106 are, since a hardfork is strictly mandatory. At no time was there *social* acceptance of more than 21MBTC, therefore, it is unlikely that the bug would have remained unfixed after AD 2106.

InvestWise89

Quite a difference whether you own an **MBTC** or an **mBTC**

bundabrg

Technically MegaBitcoin has a supply of only 2.1 MBTC...