Bitcoin could be here for 100 years but it's more likely to 'totally collapse,' Nobel laureate says

"It reminds me of the Tulip mania in Holland in the 1640s, and so the question is did that collapse? We still pay for tulips even now and sometimes they get expensive. (Bitcoin) might totally collapse and be forgotten and I think that's a good likely outcome but it could linger on for a good long time, it could …
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
[link] [comments]

Bitcoin – The Currency of the Internet

Ecstasy Vendor ‘StoneIsland’ to Spend 16 Years in Prison (deepd.tw)

Judge Roger Hetherington sentenced 26-year-old Kurt Lailan to 16 years in prison for selling thousands of ecstasy pills on darknet marketplaces under the name “StoneIsland.” Officers from the South East Regional Organised Crime Unit (SEROCU) caught Lailan on May 10, 2016, after intercepting almost 10,000 ecstasy pills Lailan and his father had…

Bitcoin

Markets Update: Cryptocurrencies See Big Gains After New Year’s Day (news.bitcoin.com)

The second day of the new year sees cryptocurrency markets come back after another holiday slump over the past few days. Bitcoin core markets are up 4 percent, averaging between $ 14,600-14,800 across global exchanges. However many other digital assets are seeing more significant gains as ethereum and bitcoin cash markets have risen 13-18 percent during the morning of January 2.
Also read:…

Bitcoin

Because of many years of reading this sub and the advice provided here, on the worst day of my life, I didn’t lose my bitcoin.

About 6 weeks ago, I had a house fire. It consumed everything. I did my best to fight it, and when I failed at that, woke my friend up who was staying in a guest room, then gave my all for about 15 minutes to find my cats in the blaze. Ultimately got dragged away by the FD and taken to the hospital. I didn't even think about my bitcoin, as honestly, my cats were all I cared about.

3 weeks earlier, I realized I had a stupid amount of money sitting in a wallet.dat file on my computer, and that I really really should put it on a hardware wallet. So I did. I bought a trezor, loaded it up with my BTC and most other coins I had, and put it in a fire safe:

https://imgur.com/gallery/Z2eUs

Here it is. Thanks Trezor. Your product is amazing. The house burned to the foundation, and the firesafe was externally destroyed, but despite the external appearance, inside was a toasted piece of paper with my seed words and this little guy. He was cooked from the heat, and sopping wet from the flood of water they poured on the house (nearest hydrant was a mile away and so it took an hour to start fighting it).

On that day I lost literally everything. Everything I have ever owned in 33 years of life, and my cats. Since that time I've been emotionally devastated, and I'm working really hard on recovering from that. But because of listening to advice on this sub, I had a trezor in a fire safe. I didn't lose anything but some byteball/pivx/dash I had on my desktop computer I forgot to backup. 95% of my holdings since 2012 remain.

Thank you /r/Bitcoin and thank you to the makers of Trezor. That little guy is tough as hell. I dont think its advertised as waterproof but I pulled it from an immersed box sopping wet. I let it dry and here is how it looked after when it worked. I now have two cloned trezors in different locations and a safety deposit box with my seed. Saving my bitcoin and this price rise has allowed us to pay for pretty much everything we need since the event happened.

Please, do not offer any donations to me, I'm fine. If you want to support anything, support the Ferndale Cat Shelter. I'm the president of the charity. We take care of Detroit Strays. My cats had Guinness World Records and did charity events to raise funds for them. Now that they are gone, we lost that revenue stream for the charity. We accept bitcoin locally at the catfe for donations, adoptions and coffee but I wont post that info here.

You'll know when you're there as our old address started with 1Catfe and our new address starts with 1CatCafe =)

Took ages to offline hash that one out!

Anyways, that's the story, thanks again /r/Bitcoin, you made the worst day of my life less terrible.

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