Theres room for a handful of alts at best, but even combined they wont ever see anything close to 50% of BTC market cap.

BTC is the boss and its here to stay for the forseable future.

My guess is almost 1M BTC is lost, unrecoverable, or wont ever become an output (sent or spent), particularly if you agree that Satoshi wont ever use 99% of his coins.

The problem now is BTC is fairly pricey compared to 2013 prices, so not many people can buy 100+ at a time. Most will buy in the 1-10 range. I tell everyone, just start buying one BTC.

If you look at how hard its going to be to mine one BTC in a year or two, especially when the block reward halves, it stands to reason BTC will be very valuable and hard to obtain.

When all the bears go home and these storm clouds blow over, and companies like Circle make BTC easy for everyone, the rise vs the USD will be fast and furious.

Conclusion: scoop coins now, even at $600-1000 per its still the best investment out there looking at the next few years.  

Im pretty sure, gas, ammo, clean water and food is a much better insurance policy than a bag of shiny metal - if shit really hits the fan.

Gox set us back a ways.

1. Scoop cheap coins
2. Hodl
3. Profit

From a laymans perspective its much better to say "there will be 500M coins total ever" than "there is no cap but there is inflation blah blah blah"

This is one thing that appeals to people about Bitcoin. Theres 21M coins, so each coin is rare and unique. Thats important, from a marketing perspective.

When Doge went uncapped, I knew of a couple people who just dropped out because they didnt understand the technology and how Doge could have value being "infinite."

Peoples perceptions are just as important as reality when it comes to marketing.

Anyone who has lived in the US for so long and works for major US companies surely speaks and writes fine English. The idea that hes not a native speaker is preposterous.

If a note you found online seemed sloppily written, that doesnt mean anything. Ive written plenty of emails or notes in shorthand or without proper grammar.

I think part of us wants to believe he couldnt be hiding in plain sight. No way. But it makes sense. Its clearly him. Everything makes sense.

I feel for him, being such an intensely private person this is probably the last thing he ever wanted to have happen. His life as he knows it is over.

He is going to have to move, he will need security now, even his family might need security. Im sure the Feds will want to talk with him. Hopefully they protect him as well.

I dont doubt the reporting. Everything makes sense.

"Both China and Thailand have outlawed bitcoin altogether"

Some high quality research and top notch journalism right there.

Hey at least they are getting clicks, thats all that matters these days. Content is like sooooo 2005 man.

NY Magazine is not The New York Times. One is a pop mag, the other is an institution.

Yes, this article is drivel, and you can clearly sense the authors bitterness. Who devotes so much energy to dissecting something they dont like which others find wonderful? An unhappy, bitter person.

The simple psychological explanation is jealousy, which has morphed into schadenfreude with the perceived "downfall of Bitcoin."

Its pitiable, and will be fairly embarrassing for the author in a few years.

Honestly anyone who had their bank account closed was done a huge favor, especially if they have significant funds in there.,

Yes.

5 weeks is the new 2 weeks

There is a massive eradication of wealth on the horizon due to coordinated, highly aggressive money printing by most of the main players in the world economy, like the US, EU, and Japan.

It isnt sustainable, and the results arent going to be pretty.

When we cross that horizon, I for sure would rather be holding 500 BTC than $500k.

Just buy Bitcoins. Mining died in 2013, its only for corporations with datacenter style mega-rigs now.

Dont try to compete, you cant. You will lose money.

Want BTC? Buy some. Best advice you will get.

Awesome! Way to go, congrats to the Lee brothers.

Yes, I am reluctant to completely destroy Bitcoin and reduce its value to zero.

If you dont understand why this would happen, you actually dont "grok" the core concept of a decentralized peer-to-peer cryptocurrency.

You recognize Bitcoins value. But clearly you dont understand that what gives it such incredible value is directly at odds with what you are suggesting.

Litecoin has a bright future, the developer works at Coinbase so its likely it will eventually be added there

They wont ever ROI anyway, so what does it matter? Either we lost half our BTC or all of it, its a loss either way now so basically I dont really care.

The X3 is gonna be a doorstop by late Summer regardless, a relic of a bygone age. 

Im done with BTC mining either way. The age of hobby mining is over, as now we are in the age of centralized corporate mining.

Its not the lack of progress that bothers me, its the lack of fixes to existing, known problems and bugs.