Quick Update

17,450,000 bitcoins have been mined over the last ten years (83%).

3,550,000 left to mine over the next one hundred odd years (17%).

Fifteen years is enough time for any new technology to gain mainstream adoption, so if mainstream adoption is going to occour chances are it will happen within the next five years.

Over the next five years only 1,971,000 bitcoins will be mined. That is only 11% of the amount of new bitcoin we have mined over the last decade.

If new demand does nothing but stay the same we will see fire works due to this massive supply reduction over the next five years. If demand flows into the realm of institutional finance well, you do the math.

Only 11% of the supply mixed with one hundred times the demand, that would mean 2017 was a warm up just to get you all ready for whats coming.

On a serious note it blows my mind how people still dismiss this fact. They cannot grasp the idea of digital scarcity.

If you told anyone with a brain that over the next five years the new supply of mined gold was going to fall by 89% compared with the last decade, and at the same time the first gold ETF is going to launch making gold available to own on traditional brokerage platforms, they would say motherfucker that sounds like the biggest investment opportunity of a lifetime. Yet thats exactly whats happening with bitcoin and the masses remain completely dismissive.

Their loss is our gain.

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

If you use Electrum, in case you get a error message that tells you to update please ignore (ongoing phishing attack).

Details here: https://github.com/spesmilo/electrum/issues/4968

copy paste from SomberNight in the github issue:

TL;DR: There is an ongoing attack against users where servers raise exceptions when a client broadcasts a transaction; in this case the error text is displayed as is in the client GUI. The attacker has spawned lots of servers on different /16 IPv4s to increase his chances of being connected to. The error messages are trying to get the user to download and install malware (disguised as updated versions of electrum).` 

apparently previous Electrum versions allow richtext in error messages sent by the server, so the upgrade warning might look legit to people…

Always remember to verify pgp / gpg signatures of bitcoin software you install.

submitted by /u/fmlnoidea420
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Bitcoin – The Currency of the Internet