This is why we already have 17 million coins in circulation and the remaining 4 million only available over the next 120 years.

Satoshi was very smart.

He knew most new technologies usually take a minimum of 10 years to gain any real traction.

He wanted to issue as many coins as possible within the first 10 years to keep the price suppressed so as many average people as possible could obtain cheap coins during the bootstrapping phase.

What happens next is mainstream adoption and institutional demand run smack into severely reduced supply and the price explodes very quickly to a much higher "normal".

This was the most egalitarian way to introduce a new form of money. He honestly was also very aware of the fact that libertarians and programmers would be the first involved and would therefore become the new wealthy elite while banks and politicians tried everything to stop it, becoming less powerful in the process.

Bitcoin was ingeniously designed to transfer wealth towards libertarians, nerds and average citizens and away from corrupt incumbent politicians and financial institutions.

submitted by /u/slvbtc
[link] [comments]
Bitcoin – The Currency of the Internet

SBI Bits Jerry Chan Discusses the Lightning Network and Colored Coins (news.bitcoin.com)

At the Satoshi’s Vision Conference in Japan Bitcoin.com’s Jake Smith interviewed Jerry Chan the lead executive for SBI Group’s fintech arm ‘SBI Bits.’ Chan explains what SBI Bits is involved in and how it had embraced blockchain technology and cryptocurrency solutions. The firm has recently launched a mining pool that’s processing bitcoin cash blocks alongside building a cryptocurrency exchange.
Also read:

Bitcoin

Most Privacy Coins Aren’t That Private (news.bitcoin.com)

Privacy coins are meant to be private. That’s their raison d’être. Strip away the privacy, and they simply become altcoins, and dangerous ones at that, with the potential to deanonymize their users and expose their secrets. A number of recent reports have cast doubt on the privacy features offered by coins such as zcash and monero.
Also read: 

Bitcoin

We aren’t 16 either, but created a beautiful crypto tracking App which sends you automated alerts, news and shows you a toplist of all your crypto coins!

Hey crypto community,

We know that several people have recently launched projects similar to ours but still we want to take the chance to show what we have come up with for you over the last few weeks:

Our App is called Coinance and it is so far available on iOS (Android launch in 3-4 weeks). Since me and my friend Felix both invested a some money into different cryptocurrencies, we caught ourselves checking market prices several times a day. Though most crypto websites like for example Coinmarketcap are still a bit rudimentary to use in our opinion. Since both of us believe into design disruption, we started to build a product for crypto currencies, which hopefully people love using and therefore make crypto currencies more accessible to a wider audience.

In our first version we tried to focus just on the elementary features as a market tracking app, even though we share a bigger vision behind Coinance. We tried to “build a fully working skateboard first, before shooting for a flying car.”

Our first and core features within the App are so far: The toplist sorted by market cap. The ability to favorite coins in a separate view e.g. your portfolio. An alert function, which sends you push notifications once the price hits a target price and also once certain parameters are hit in our backend, e.g. all-time-high. And finally a news section where we retrieve RSS feeds from news sites like .g. Coindesk, TechCrunch or Cointelegraph and share important Twitter news.

But where could this project go from here? We don’t know it yet, but we are curious to hear what you think! We believe in user centric development and have a couple of ideas of but we would love to hear from you what you actually want us to build next! Our thoughts are:

The ability to create your own portfolio and manually track your investments? Similar like Delta or Blockfolio. Integration to several exchanges and retrieve their data about your current holdings into our App so that you could login and see your real portfolio. E.g. Mint for crypto More News channels and sources to keep users up-to-date about ICOs. Integrate an own wallet and becoming a possible future payment provider.

If you have an iOS device feel free to take a look at it yourself and let us know what you think. You can comment on here and we are trying to answer any questions / will take your feedback very seriously!

Some of you guys might also be interested in who we are:

Felix is an UI/UX designer & product manager currently still in his last semester of grad school. He designed the App, set the requirements and spoke with guys like you which features we should implement first.

Mathias is a software engineer who works for a startup in San Francisco. He coded the App, but since you guys are very precise who exactly wrote ALL the code, admits that he had to ask one or two times a friend when he didn’t know it all himself. Booh! 😉

Note: This project is an evening & weekend project, since Mathias is working full-time and Felix has to finish up his study. We built this thing for you – the community. We could also decide to spend our time differently, therefore please don’t be too harsh with your critique, but we really appreciate any feedback, suggestion or motivating words!

Edit: The link to the iOS App Store was posted below in the comments but I'll put it here too. I wasn't sure if I was allowed to post it so didn't put it here in the first place: Coinance in the AppStore

submitted by /u/thegrey_m
[link] [comments]
Bitcoin – The Currency of the Internet