Timeline for Why was the upper limit of 21 million bitcoins put in place?
Current License: CC BY-SA 3.0
4 events
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| Oct 3, 2022 at 10:52 | comment | added | oisyn | They're off by a factor of 4 though. 52 Bits of mantissa stored, but they don't store the leading 1, so you effectively have 53 bits. And then there's an off-by-one in the calculation (he said 2^51 rather than 2^52). Indeed, a 64-bit IEEE floating point number can store any integer up to 2^53 losslessly. | |
| Nov 4, 2017 at 0:11 | comment | added | user4276 | I vaguely grasp the rounding error issue, but fail to see that as an increasingly serious problem. | |
| Nov 4, 2017 at 0:08 | comment | added | user4276 | "the number of units involved in bitcoin-related math must never be more than 2^51". I don't understand what this means. What is this number, and why is it an upper limit? | |
| Nov 3, 2017 at 22:40 | history | answered | Murch♦ | CC BY-SA 3.0 |