With bitcoin the worst case economic/price scenario is still better than any other asset classes best case scenario.

2009 inception took bitcoin from $1 to $260 (260x gain).

2012 halving took bitcoin from $10 to $1200 (120x gain).

2016 halving took bitcoin from $400 to $20,000 (50x gain).

2020 halving will take bitcoin from $5000 to $100,000 (20x gain).

2024 halving will take bitcoin from $50,000 to $500,000 (10x gain).

2028 halving will take bitcoin from $200,000 to $1,000,000 (5x gain).

This is the worst case scenario, this is the trajectory if bitcoin just keeps doing for the next 10 years what it has done for the last 10 years.

This could be considered extremely conservative if a bull run led by institutions, banks and government agencies evolves.

Given the recent news that south korean commercial banks now own more bitcoin than korean exchanges as a way to hedge risk its looking like $1 million bitcoin will be achieved well before 2028.

submitted by /u/slvbtc [link] [comments]

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Life Through a Dram Episode 7: Being Around as an Older Dad

Recently, I had a little bit of a health scare when I went for a check-up at my doctor's. I'll be 50 later this year, so I wanted to see how I was doing as I approach that milestone. And it wasn't good.

Since then, I've taken steps to improve my lifestyle, habits, and more. As a dad to two young kids, I realized I wasn't being fair to them, as I put myself and my own “entertainment” ahead of their right to have a dad grow with them.

In this episode, I talk about that realization, and how we all need to take more responsibility when it comes to those around us, and the role we play in their lives.

Subscribe: iTunes | Stitcher | Spotify | Pocket Casts | More


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Quote from Founding Father of United States Thomas Jefferson

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered. I believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Holy shit man. Despite what people think about Thomas Jefferson in his use of slaves, this quote really is like a prophecy in what has happened in this past century. Cryptocurrencies are like what he said – the currency issuing power restored to the people, to whom it properly belongs.

submitted by /u/tecknit [link] [comments]

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Tether FUD is over

Pursuant to the above terms of Engagement, and the discretion provided by Tether, FSS selected the date of June 1st, 2018, and received the following balance information from Tether’s two banks as of the close of the banking day. FSS received the following confirmations from the respective banks by sworn and notarized statements provided by duly authorized personnel.

BANK 1: $1,968,538,584.82 USD (unencumbered)

BANK 2: $576,528,652.00 USD (unencumbered)

TOTAL: $2,545,067,236.82 USD

the amount of fully-backed USD Tethers in circulation as of June 1st, 2018 was equal to $2,538,090,823.52 USD Tethers.

Now, we are going to the Moon!

https://tether.to/wp-content/uploads/2018/06/FSS1JUN18-Account-Snapshot-Statement-final-15JUN18.pdf

submitted by /u/tedjonesweb [link] [comments]

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Sound money is a bit like toilet paper

If you run out of it, you run out of it. Gotta learn to deal with your shit. If you don’t have a lot of it, it’s probably a good idea to use it efficiently, atleast until you get more of it. If you have too much of it, you could still keep it but you’re probably better off bartering it for something more important / useful / productive. Most importantly, IT DOESNT SHRINK OVER TIME if you do nothing with it

Just a random thing i came up with folks, probably not a good idea to stretch the analogy any further

submitted by /u/capkirk88 [link] [comments]

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I’ve translated Bitcoin.org into my native language entirely. So happy to do something for the community

After 2 months of work, I managed to translate Bitcoin.org to my native language – Serbian.

I managed to take over the translation which was not actively maintained (last cordinator activity was 4 years ago) and take it from 5-10% and the last activity from 100% in few weeks.

I know it's not a big deal for most, but it is for me.

I know that there were some contraversial things about bitcoin.org lately, and I am sure some people will post some comments, but I am just happy that I am able to give back to the community. Bitcoin.org helped me learn and I hope that the translation will help people who speak or understand Serbian (12 million people).

If you speak Serbian feel free to review it, report mistakes and help me improve it.

Link https://bitcoin.org/sr/

submitted by /u/nedvedp [link] [comments]

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Andreas Antonopoulos absolutely Butchers Linux’s Origin Story

Measuring Success: Price or Principle [11:35]

For what it's worth:

Linus Torvalds just wrote another proprietary piece of software until it was released under GPL 0.12 Richard Stallman spearheaded the free software movement that all those open ideals are based on that AA is talking about. GPL wouldn't exist without RMS GNU is the OS that you are running. Linux is a Kernel Linux the kernel wouldn't exist without gcc

I get that the free software movement hasn't been the most sexy sell, but I would have expected more from AA.

tl;dr: Explaining Linux's (the OS) origin story without mentioning GNU/RMS/The Free Software Movement (free as in freedom, not free beer) is to tread on all the ideals that made it happen in the first place.

submitted by /u/FreedomlsntFree [link] [comments]

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World’s Fourth-Largest Stock Exchange Eyes Blockchain Use in Securities Transactions

Shanghai Stock Exchange, the fourth-largest in the world, is eyeing blockchain for securities trading.

The world’s fourth-largest stock exchange released plans to use so-called distributed ledger technology (DLT) in securities transactions July 10.

The Shanghai Stock Exchange (SSE), which as of December 2017 had a market cap in excess of $5 tln, said in a report that “most people” consider that blockchain technology can “help improve the transparency of the securities industry.”

“Part of the market is now starting to adopt this technology in part, and larger-scale industry applications will do so after a few years,” the institution wrote in introductory remarks.

While China’s ban on cryptocurrency innovations such as Initial Coin Offerings (ICOs) and free trading continue, authorities have made increasingly concerted efforts to corner blockchain development this year.

Official ratings of both cryptoassets and blockchain projects were released in May and June, while domestic standards for the technology’s implementation should appear in 2019.

Securities trading meanwhile is firmly within the sights of international players, Santander this week revealing a dedicated research team to investigate how blockchain could update its own securities handling.

Read more: cointelegraph.com

A Reminder That Bitcoin Will Always Be Here

Bitcoin will be here when you die, when you sell, when you buy. The network will live on for you, your children, your children’s children.

It doesn’t matter if the price is $5, $20, $900, $500, $50,000, $10,000, Bitcoin lives on.

Quantum computers? It needs 1500 quantum bits to BARELY affect it. We barely have one that works and it’s only at 50 quantum bits, and sure, they can spend trillions of dollars to even TRY to hurt the Blockchain Network, and we can EASILY just fork it to where it was. Also, a reminder that quantum bits use sodium ions that goes away right after it’s used for ONE calculation, not even going to mention how almost impossible it is to stop the noise of that calculation or the necessity to keep a quantum computer at near 0 degrees when there’s 1500 quantum bits. Also, Bitcoin can have quantum proof algorithms.

Look at all the progress we’ve accomplished this year alone. This is just a beginning.

There are people in EVERY COUNTRY in the world who owns Bitcoin and cryptocurrencies. And this can only grow. Bitcoin is too big to fail. With you, or without you.

submitted by /u/dustincrypto [link] [comments]

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A friendly reality check

I'm a relative newbie that got in just before the Thanksgiving bull run of 2017. I love Bitcoin. It has completely changed my life for the better. But…

I work retail. I process payments for our customers on a daily basis. Our particular store uses chip readers for credit/debit cards and it gives lots of people issues. They put their cards in backwards or upside down. They select the wrong payment information or enter their PIN incorrectly. They pull their card out before the payment has been processed. EVERY DAY.

My point is that we have a long way to go before Bitcoin can become widely adopted, maybe even decades. Lengthen your time horizon. Stop checking the price on a daily basis.

I believe in the tech. I'll continue to be an advocate for Bitcoin, but it's going to take time. Patience is a virtue after all 🙂

Hodlgang Hodlgang Hodlgang

submitted by /u/seads117 [link] [comments]

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