Transaction

j"1LAnZuoQdcKCkpDBKQMCgziGMoPC4VQUckMŒ<div class="post"><div class="quoteheader"><a href="https://bitcointalk.org/index.php?topic=44.msg255#msg255">Quote from: BlueSky on February 06, 2010, 01:26:39 PM</a></div><div class="quote">...Otherwise I would need to know the total amount of ฿ in circulation and the amount of goods that can be purchased with it(this is a Austrian economist view of measuring the value I think?), just what is the amount in circulation? ...<br/></div><br/>From the FAQ:<br/><br/>How are new Bitcoins created?<br/><br/>New coins are generated by a network node each time it finds the solution to a certain calculational problem (i.e. creates a new block), for which an average solution time can be calculated. The difficulty of the problem is adjusted so that in the first 4 years of the Bitcoin network, 10,500,000 coins will be created. The amount is halved each 4 years, so it will be 5,250,000 in years 4-8, 2,625,000 in years 8-12 and so on. Thus the total number of coins will approach 21,000,000 over time.<br/><br/>What's the current total amount of Bitcoins in existence?<br/><br/>The number of blocks times the coin value of a block. The coin value is 50 bc per block for the first 210,000 blocks, 25 bc for the next 210,000 blocks, then 12.5 bc, 7.25 bc and so on.<br/><br/>As of October 30th 2009, there are about 26,000 blocks in the block chain, which means 26,000 * 50 bc = 1,300,000 bitcoins in existence. You can see the up-to-date number of blocks in the status bar of the Bitcoin main window.<br/><br/>Current Block count as of 06th Feb. 2010 - 3.15 PM - GMT is 38,660 blocks. You can do the math <img alt="Cool" border="0" src="/static/img/emoticons/cool.gif"/></div> text/html