Bitcoin Prices To Zoom Further? Only 20% Cryptocurrency Coins Left To Be Mined

When Satoshi Nakamoto created the first bitcoin in January 2009, there were nearly 21 million coins left to be mined. The scope to create these many coins played a pivotal role in sending the bitcoin prices soaring lately. As more coins were mined, the higher rose the bitcoin's price. Conversely, as fewer …
Google Alert – bitcoin

As of today, 80% of all Bitcoins that will ever exist have been mined. The next halving is a little over two years away, at which point inflation will fall to 2%. This means central banks can only get at most 20% of BTC supply. Unless you sell it to them for their fiat altcoin.

As of today, 80% of all Bitcoins that will ever exist have been mined. The next halving is a little over two years away, at which point inflation will fall to 2%. This means central banks can only get at most 20% of BTC supply. Unless you sell it to them for their fiat altcoin. submitted by /u/wallyjo3
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Bitcoin – The Currency of the Internet

Chairman, Federal Bank in Chicago on Bitcoin: “It’s hard to imagine a world where the main currency is based on an extremely complex code, understood by only a few, controlled by even fewer, without accountability, arbitration or recourse.” You just described the Federal Reserve Banking System!

Chairman, Federal Bank in Chicago on Bitcoin: "It's hard to imagine a world where the main currency is based on an extremely complex code, understood by only a few, controlled by even fewer, without accountability, arbitration or recourse." You just described the Federal Reserve Banking System! submitted by /u/Nedtherlandz
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Bitcoin – The Currency of the Internet

I made a site that looks and feels like Netflix but has only crypto videos!

http://cryptflix.com/ UPDATE: Server is live for a second time! CryptFlix is a free cryptocurrency videos collection project. The aim of Cryptflix is to help you describe to your friends, family, spouse and the mailman what the heck cryptocurrency is. And you'll study a few things yourself. Right now, I’m just one and only person and need the help of the community to make it better! I’m looking for people to give feedback, add content and become moderators on the CryptFlix. Support this project (BTC address): 1AxAorYBdNzFw1QdhN1MYy7ih7VHowV1Rr

submitted by /u/Ghazanafar
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Bitcoin – The Currency of the Internet

LOL at people selling only because Korea decided that trading is not allowed for minors under 19 y !!!

Skip the shitty news sites and go check the statement on the front page of https://www.bithumb.com/

And thanks for all those cheap coins

Fun fact … it is currently trading in korea at ~18.5K (4K above your selling price!!)

submitted by /u/antonesamy
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Bitcoin – The Currency of the Internet

TIL in 2011 a user running a modified mining client intentionally underpaid himself 1 satoshi, which is the only time bitcoin have ever truly been destroyed.

In block 124724 you'll find txid 5d80a29b which has a payout of 49.99999999 BTC at a time when the block reward was 50 BTC. A transaction fee of 0.01 BTC was also forfeited. This bitcoin no longer exists anywhere in the network, as opposed to "burned" coins which technically still exist in a wallet which no one can ever access (ex: 1BitcoinEaterAddressDontSendf59kuE).

On bitcointalk user midnightmagic explains a deeper meaning behind this:

I did it as a tribute to our missing Satoshi: we are missing Satoshi, and now the blockchain is missing 1 Satoshi too, for all time.

submitted by /u/NewLlama
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Bitcoin – The Currency of the Internet

When did the value of crypto become the only thing we focus on?

I remember hearing about a new revolutionary currency that was going to change the world, bank the unbanked, and allow anyone in the world to instantly send each other money. The plan was about peace, love, harmony, and bringing the world together as one. When I look at reddit, twitter, forums, or the news, the only thing people are talking about now is the market, and how much the prices are going up. Did everyone forget what the original plan was?

Sure the markets are great for media exposure, but wow did things change in the past few years. Money has converted this movement into a war. Greed has taken over. People are more concerned about their coin "going to the moon" than helping others.

I realize I sound like a hippy, but I'm just throwing my thoughts out there. I hope everyone enjoys the holidays, a time to consider helping each other.

submitted by /u/stevoli
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Bitcoin – The Currency of the Internet