Hi Maurice, So much conjecture with the cryptocurrencies. The story since Bitcoin's creation is that their is a limit of 21 million that will be created... on 6/20/17 a California VC guy from the Lightsped group...Mr. Liew
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was suggesting that Bitcoin would be at $500,000 by 2030. Liew gave not a scintillate of a fundamental reason how he arrived at his valuation number of 500K per Bitcoin....
21,000,0000 x $500,000 = 10,500,000,000,000 so that's 10.5 Trillion Dollars.... and Bitcoin is one of 850 some odd of the cryptocurrencies that are out there.
Bitcoin itself is had the wind totally taken out of it in the first half of 2014 as Mt. GOX which was handling
over 70% of global bitcoin transactions lost / misplaced/ had stolen from Mt. Gox .... 850,000 Bitcoins
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650,000 of them have never been accounted for.
Really sharp programmers who create these crypto's can have all manner of ways to create backdoor... or place time bombs, viruses and ways to create havoc, as can hackers.. who are highly gifted.
The visibility in cryptoland is highly murky with extremely low long term visability...
why should the value of cryptocurrencies be 10 to the 100th power.
A googol is the large number 10100. In decimal notation, it is written as the digit 1 followed by one hundred 0s: 10,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000.
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http://en.wikipedia.org/wiki/Googol
Concept[ edit]The term was coined in 1920 by 9-year-old Milton Sirotta (1911–1981), nephew of U.S. mathematician Edward Kasner. [1] Kasner popularized the concept in his 1940 book Mathematics and the Imagination. [2] Other names for googol include ten duotrigintillion on the short scale, ten thousand sexdecillion on the long scale, or ten sexdecilliard on the Peletier long scale.
Size[ edit]A googol has no special significance in mathematics. However, it is useful when comparing with other very large quantities such as the number of subatomic particles in the visible universe or the number of hypothetical possibilities in a chess game. Kasner used it to illustrate the difference between an unimaginably large number and infinity, and in this role it is sometimes used in teaching mathematics. To give a sense of how big a googol really is, the mass of an electron, just under 10-30 kg, can be compared to the mass of the visible universe, estimated at between 1050 and 1060 kg. [3] It is a ratio in the order of about 1080 to 1090, or only about one ten-billionth of a googol (0.00000001% of a googol).
Carl Sagan points out that the total number of elementary particles in the universe is around 1080 (the Eddington number) and that if the whole universe were packed with neutrons so that there would be no empty space anywhere, there would be around 10128. He also notes the similarity of the first calculation to that of Archimedes in The Sand Reckoner. [4]
The decay time for a supermassive black hole of roughly 1 galaxy-mass (1011 solar masses) due to Hawking radiation is on the order of 10100 years. [5] Therefore, the heat death of the universe is lower-bounded to occur a googol years in the future.
Properties[ edit]A googol is approximately 70! ( factorial of 70). Using an integral, binary numeral system, one would need 333 bits to represent a googol, i.e., 1 googol ˜ 2332.19280949, or exactly  . However, a googol is well within the maximum bounds of an IEEE 754 double-precision floating point type.
The series of residues (mod n) of one googol is:
0, 0, 1, 0, 0, 4, 4, 0, 1, 0, 1, 4, 3, 4, 10, 0, 4, 10, 9, 0, 4, 12, 13, 16, 0, 16, 10, 4, 16, 10, 5, 0, 1, 4, 25, 28, 10, 28, 16, 0, 1, 4, 31, 12, 10, 36, 27, 16, 11, 0, ... (sequence A066298 in the OEIS)Cultural impact[ edit]Widespread sounding of the word occurs through the name of the company Google, with the name "Google" being an accidental misspelling of "googol" by the company's founders, [6] which was picked to signify that the search engine was intended to provide large quantities of information. [7] In 2004, family members of Kasner, who had inherited the right to his book, were considering suing Google for their use of the term googol; [8] however, no suit was ever filed.
Since October 2009, Google has been assigning domain names to its servers under the domain "1e100.net", the scientific notation for 1 googol, in order to provide a single domain to identify servers across the Google network. [9] [10]
The word is notable for being the subject of the £1 million question in a 2001 episode of the British quiz show Who Wants to Be a Millionaire?, when contestant Charles Ingram cheated his way through the show with the help of an accomplice. [11]
John |
