Another fine example of a prediction pulled right from an asshole. It hit $5000 just a few days ago and these guys are talking about an increase of $1000 in one year lol Still, the linked article was orders of magnitude better than that "three faces" tripe on ZeroHedge this morning. That author betrayed a fundamental lack of understanding of the technology. This guy may be conservative in his target but at least he has done his homework. Zerohedge is a lost cause, at one point there were some smart guys there ... I was on there trying to explain bitcoin in 2012 ... you can only imagine how that went. Best comment from a bitcoin thread there: first guy complains about too many bitcoin stories ... If you guys stopped clicking on them, they would probably stop posting them.
But then, if dinosaurs had the internet, they probably couldn't help clicking on the asteroid threads either.
that sums up ZH now ... dinosaurs clicking on asteroid threads.
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Cut
the squid is amongst us now ... everything smells so fishy, 4800 GS top call, ICO's sucking the suckers out of the lucrative IPO market, coordinated chinese "ban" FUD across all US financial media ... they've grown a new tentacle and it's labelled crypto-control
This was going to happen eventually and we are just now feeling the impact of this new tentacle. The question is how we respond to it and what happens next... ... empty their wallets, 1337 haxor them and sell it on dodgy russian exchanges? They may have half a clue about money but they don't know crap about crypto ... they wouldn't know what a private key looked like even if it was tattooed on the dick that's slapping them around the face.
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Who's the ace of diamonds ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) you ... or Joe Lubin.
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.zerohedge.com%2Fsites%2Fdefault%2Ffiles%2Fimages%2Fuser51698%2Fimageroot%2F2016%2F05%2F12%2F20160512_goldmanvampiresquid_0.PNG&t=663&c=DGjiRf70xXLHAA) the squid is amongst us now ... everything smells so fishy, 4800 GS top call, ICO's sucking the suckers out of the lucrative IPO market, coordinated chinese "ban" FUD across all US financial media ... they've grown a new tentacle and it's labelled crypto-control
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So Bitcoin would be deflating No, bitcoin is never deflating in terms of monetary supply, only ever inflating or fixed (in ~2140). Read the left hand side of the graphs you quoted, it is only ever positive, i.e. decreasingly inflationary asymptotic to zero.
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What's Russian for 'boom'?
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Frussia-ic.com%2Fimg%2Fppl_articles%2F1289778087_doseng.org_irina_shayk_02.jpg&t=663&c=w-Mqomkv1uXrtg) Niet?
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43. Morocco ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.trafalgar.com%2F%7E%2Fmedia%2Fimages%2Fhome%2Fdestinations%2Fafrica%2Fmorocco%2F2016-licensed-images%2Fmorocco-aitbenhaddou-2016-hero-l-502546130.jpg&t=663&c=Bee3j_T6n42PPA)
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44. Vietnam ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.destination-asia.com%2Fmedia%2Fupload%2FLanding_Vietnam_1600x565.jpg.1600x565_q85.jpg&t=663&c=Z042p9cEUsqZ-Q)
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Solar eclipses are harbingers of disaster ... Texas flooding is looking pretty bad ... 50-60 inches rain on a huge metropolitan area is going to unleash some large forces that governments cannot control.
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Lombrozo should follow through and ignore Wu's lies, I have no idea how he could accomplish it though. Lomborzo could even 'kickstart/donate' to get funding and have enough within the hour. Everyone is tired of Bitmain.
Jeebus, that's infantile. Actually it is not at all and it shows how much you and the other centralisers misunderstand Bitcoin. Bitmain has become a big fat, plump, centralised target. It is logical, and cheaper, to attack them than out-compete them. In fact, it is necessary for the good of the Bitcoin ecosystem that large centralised entities are attacked relentlessly and mercilessly, before governments co-opt or coerce them into exerting any form of control over the network. The sooner Bitmain is attacked and smashed into tiny decentralised pieces the better for everyone, even for jihan, it is for his own good, he will realise that eventually.
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https://www.coindesk.com/standpoint-founder-bitcoin-asset-class-will-grow-2-trillion-market/... from the "hyper-bullish case" files, this Ronnie Moas dude (no relation) is estimating crypto-currencies to assume at least 1% of total global asset valuations (currently estimated at $200 trillion). So yeah, $2 trillion total for all crypto and significant proportion (~75%) of that in bitcoin in the next decade ... so ~$60k per btc. Medium term he's picking $5-15k per btc in the next 36 months. Sounds like some extreme numbers but 1% is not really that extreme, is it? So what do the "radical bitcoinisation case" numbers look like one wonders? The $200 trillion total global asset valuations number is interesting but has several major drawbacks, it is leaky as a sieve so is hard to assume any kind of accuracy, secondly due to massive monetary expansion by major central banks after the GFC all asset valuations are inflated majorly out-of-whack and finally it is denominated in fed. res. debt note dollars which themselves are flexible and would be 'burning in fire unreliable' in the radical bitcoinisation scenario. I prefer to use global fiat M3 monetary stock as the big yard stick, as this is really the closest market bitcoin itself is competing directly in and is relatively accurately known today, between 70-80 trillion US$ equivalent. In a radical bitcoinisation adoption event, let's say bitcoin assumes between 15-50% of today's total global fiat M3 stock, so that has bitcoin market cap at 12-40 trillion in today dollars. Keep in mind though in this scenario it is quite possible that such a major upheaval in the balance of global asset valuations would pop the massive monetary bubbles currently built up in non-monetary assets (as they got monetised due to poor money management from the central banks) such that the above $200 trillion dollar number might be as much as halved to around $100 trillion. tl;dr hyper-bullish case of radical bitcoinisation adoption could lead to as much as 40 trillion market cap in today dollars but representing a claim on as much as twice as much in devalued global asset valuations ... i.e. effectively 80 trillion. Equivalent to what $3.8M per btc could buy today on stock, bonds, property, etc. That still allows for all other fiat to have 50% market share.
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What a bunch of bullshit and disinformation there. Do you really believe that? ... no he clearly doesn't, he's getting paid to spread it, that's what happening here.
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgflip.com%2F1umidr.jpg&t=663&c=JkwwlSnE5hSooQ) wow!, ya gotta try find some of that lightning.
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Update: BitStamp USD/BTC BTCChina CNY/BTC Kraken EUR/BTC Kraken CAD/BTC CoinCheck JPY/BTC ----------------------- ----------------------- ----------------------- ----------------------- ------------------------ 1 2017-08-17 4338.69 | 1 2017-08-17 29332.82 | 1 2017-08-17 3736.66 | 1 2017-08-17 5502.56 | 1 2017-08-17 479157.67 2 2017-08-14 4210.15 | 2 2017-08-18 28660.28 | 2 2017-08-14 3600.69 | 2 2017-08-16 5383.88 | 2 2017-08-15 466623.93 3 2017-08-16 4193.43 | 3 2017-08-16 28507.78 | 3 2017-08-16 3598.94 | 3 2017-08-18 5375.29 | 3 2017-08-14 466344.48 4 2017-08-18 4180.17 | 4 2017-08-15 28232.70 | 4 2017-08-18 3586.39 | 4 2017-08-14 5360.94 | 4 2017-08-18 465609.39 5 2017-08-15 4101.45 | 5 2017-08-14 28199.12 | 5 2017-08-20 3500.44 | 5 2017-08-15 5331.39 | 5 2017-08-16 463209.26 6 2017-08-20 4054.14 | 6 2017-08-20 27783.27 | 6 2017-08-15 3497.48 | 6 2017-08-19 5248.05 | 6 2017-08-13 451622.17 7 2017-08-19 4030.60 | 7 2017-08-19 27669.15 | 7 2017-08-19 3494.43 | 7 2017-08-20 5182.94 | 7 2017-08-20 451135.18 8 2017-08-21 4007.74 | 8 2017-08-21 27416.43 | 8 2017-08-21 3445.82 | 8 2017-08-13 5132.66 | 8 2017-08-19 447942.15 9 2017-08-13 4007.10 | 9 2017-08-13 27123.12 | 9 2017-08-13 3421.66 | 9 2017-08-21 5105.25 | 9 2017-08-21 442009.38 10 2017-08-22 3894.12 | 10 2017-08-22 26646.69 | 10 2017-08-22 3347.38 | 10 2017-08-22 5008.61 | 10 2017-08-22 424257.71 11 2017-08-12 3789.13 | 11 2017-08-12 25527.54 | 11 2017-08-12 3225.32 | 11 2017-08-12 4855.22 | 11 2017-08-12 416103.30
Cool, jackpot line on 10s! First time we seen one of these away from the top line.
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Finally, the sensible upgrade is complete. What a lot of whining, moaning, double-dealing, stalling and downright douchebaggery by the numbskulls who opposed it.
Now 2 things I'm expecting to happen in short order ... a lot of 2X NYA fake signalling miners can now drop out without repercussions ... and .... drumroll LIGHTNING!! (should be interesting to see how/if this thing will work/or not.
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Just back home. Bought the dip again ($3610USD). This time the atm fee was -3.4%. They actually paid me to buy their coins. Amazing. ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Jimbo, really interested to know which company is running this and if it is a 2-way (buy btc or sell and get fiat)? We had a proposition back in the day that you could run a network of these BTM things without ever having to manually load/extract fiat. This would greatly reduce labour costs, what was needed was an algo that could use dynamic pricing/fees that would incentivise people to buy in some areas of the network and sell in other parts so it was overall balanced fiat-wise ... if a guy was savvy enough he could use a fast motorbike or scooter and run around pulling fiat out in some BTM locations and stuffing it back in others and make a bit of cash/btc out of it. Essentially guys like this would be incentivised to do the labour of people going around loading/unloading fiat from the BTMs ... of course the btc can be shifted around by the network algo.
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The total amount of bitcoin is certain, how can inflation?
More bitcoins have been added/mined every day since it Bitcoin begun. That is inflating the supply of bitcoin in circulation. The supply will keep inflating until all 21 million bitcoins have been issued. Then the inflation will stop. Today there are approximately 16.518 million bitcoin that have been issued through mining.
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But the Segwit2X agreement is somewhat reasonable and feasible.
So maybe I am expecting that CORE put this to a fucking end with a very simple change that will be needed soon anyways?
I don't think this is a change so critical that both camps need to keep the finger over the "mutual destruction" button. And that is exactly what they are doing now.
You're wrong, core owes you nothing. Stop acting like a whiny bitch who is not getting extra ice-cream all over your face. There is only one side making threats of destruction and it is not core. Core are basically a group of volunteers, not your paid servants that you can shit on any time you're feeling upset. I doubt you know shit about software security systems but you expect to know what is a "reasonable position" for fundamental protocol changes to the bitcoin distributed network. Sometimes people have to know their limitations and when it is time to shut the fuck up. Your time is now you idiot. A hardfork needs to be well-thought out and the opportunity to clean up a lot of legacy technical debt is the wisest course of action. It will need significant testing and long advance notice, probably 12-18 months for all the older operational nodes. Core has always said that there will be a hardfork and an algorithm to increase blocksize would be implemented at that time, just not tonight dear. This is an operational $60 billion financial clearing and monetary security system, not something you can just tinker with next time you have a panic desperation anxiety attack that your technical opinion is becoming irrelevant.
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Thank you for sharing this but does this graph really affect the economy of a certain country? or does this shows what will be the possible future of bitcoin? can someone explain it in a layman's term.
It is simply the schedule at which new bitcoins are issued over the years.
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