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
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Bitcoin – The Currency of the Internet

Exactly 5 years ago Wired wrote “The world’s most popular digital currency really is nothing more than an abstraction. So we’re destroying the private key used by our Bitcon wallet.” The loss is currently worth $124,453.58

Exactly 5 years ago Wired wrote "The world’s most popular digital currency really is nothing more than an abstraction. So we’re destroying the private key used by our Bitcon wallet." The loss is currently worth $  124,453.58 submitted by /u/edlund10
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Bitcoin – The Currency of the Internet

Tim Draper Predicts Bitcoin Will Soar to $250000 in Four Years

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Google Alert – bitcoin

Tesla and Skype Investor Tim Draper Predicts Bitcoin Will Hit $250000 in 4 Years

How high can Bitcoin rise? Well, according to venture capitalist and Bitcoin bull Tim Draper, get reading for the cryptocurrency to reach $ 250,000 in four years. “Serious winds (of change) at our block (chain) party last night,” the founder of Draper Fisher Jurvetson wrote on Twitter regarding his Thursday …
Google Alert – bitcoin

8 Reddit Bitcoin Posts from 5-7 Years Ago ! (reddit.com)

Did some old digging and stumbled across a handful of old Bitcoin Posts from 5-7 years ago. Just some fun stuff. Link Below is to the post about when Bitcoin was 5$ ENJOY GUYS! https://www.np.reddit.com/r/Bitcoin/comments/ka3mo/its_the_perfect_time_to_buy_bitcoins/?st=JFT4A1II&sh=c9e29545 List of another 7 Ancient Bitcoin Posts from 5-7 Years ago: “ If I buy…

Bitcoin

Bitcoin’s Value to Lose $44 Billion by Year’s End, Researchers Argue (news.bitcoin.com)

Researchers from Switzerland published a twenty page study on the predictability of bitcoin bubbles, using Metcalfe’s law and Log-Periodic Power Law Singularity (LPPLS), and determined bitcoin’s market capitalization might fall as much as $ 44 billion, or 35% (at the time of writing), by the end of 2018.
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Bitcoin