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Submission + - Dissecting Bitcoin Block 420,000 (mineforeman.com)

ASDFnz writes: A few years back after the last halving I wrote an article shortly after the first halving block 210,000 was mined dropping the subsidy from 50 BTC to 25 BTC. Since block 420,000 was just mined reducing the subsidy from 25 BTC to 12.5 BTC I thought it would be an appropriate time to write a follow-up article with similar data for the most recent halving block comparing it to the previous one.

Submission + - Bitcoin Halving, what, why and what happened last time. (mineforeman.com)

ASDFnz writes:

CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
// Force block reward to zero when right shift is undefined.
if (halvings >= 64)
return 0;

CAmount nSubsidy = 50 * COIN;
// Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
nSubsidy >>= halvings;
return nSubsidy;
}

Simple right? In just a few days we will have the second bitcoin halving event. Often in bitcoin we forget that not everyone is elbow deep in code all day, not everyone has been 'with us' for years and while we may talk about things like 'The Halving' we probably don't do the best job at explaining exactly what it is, why it is, what happened last time and what might happen this time.

Comment Re:Great news! (Score 1) 167

..... with Bitcoins, I'd promptly tell you to go fuck yourself.

Really? Just for asking a question? Don'y you think that is a bit extreme or do you answer all questions in the negative with "go fuck yourself". E.g., if I asked if you had the time and you didn't would you say "go fuck yourself"?

.As would most people.

I very much doubt it.

Comment Re:Must be public pressure in Europe. (Score 1) 210

It's really hard to extradite from the EU anyway even for non-politically-connected crimes.

A big part of this is what is coincided punishment under the two jurisdictions. The EU has a very strong rule against the death penalty so when extraditing people that may face the it in the US it is very easy to argue that extradition could lead to cruel and unusual punishment under the EU rules.

The other issue is human rights, if there is any chance someone extradited might end up in Guantanamo Bay it once again makes a very easy case for the defendant.

Comment Re:How about the rest of the world? (Score 0) 184

He said it was revenge for Waco and Ruby Ridge. Stop editing things.

Right. He didn't like the political leanings and policies of the people who were involved in the deaths in those places. His revenge was against what he perceived as oppressors, not religious antagonists.

edit edit edit edit.

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