If we subtract Satoshi’s 1 million BTC (as Plan B does in his STF2X model), should we also subtract the ~4 million BTC estimated to have been lost?

So that would make total supply around 16 million BTC. Some of these have a private key that is encrypted and the password forgotten, whereas others have lost the private key entirely, like the hard drive lost at the rubbish tip in Manchester in 2013 with a key for 800BTC on it. So the former will eventually be able to be brute-forced in coming decades when quantum computers can be accessed. But the lost keys are lost forever.

I recently came across a project that purports to enable end users to access and allow permissioned access to their medical records for medical and paramedical pracctitioners stored on Power Ledger, but interfacing with apps built on Ethereum, to solve the problem of multiple copies of "siloed" medical records in different locations, so there would then be one true copy of their records.

There is a flashy whitepaper at https://medicalchain.com and a number of vids on YouTube. The videos are pretty flash.

This Reddit link provides some insights into the team leading the project:

https://www.reddit.com/r/icocrypto/comments/7osqs1/medicalchaincom_review/

They had a very strange way of running their ICO. They claimed that auditors had stated they needed to do KYC at the time of the fundraising, so they demanded pre-registration of interest in the ICO by 21st Jan, then the ICO began at 10:00UTC on Feb 01. Tens of thousands attempted to upload KYC at the same time. The team says they manually examined each of over 1700 files (out of 45,000 submitted in the first 2 minutes) and kept people waiting around 8 hours, all the while as their confirmation screens kept changing from completed to pending.

I tried to upload links to Imageshack but the editor deleted them.

Anyone who criticised the ICO process was kicked off their Telegram page and Twitter accounts.

Pre-ICO sales of the ERC20 token (MTN) were staggered, starting at around USD$0.10. The ICO price was $0.25.

A friend of mine has been keeping me up to date on the discussion on Telegram. They now make no mention of the project and are only talking about the 2.5x gain that pre-ICO investors will make.

The are listing on Huobi, gate.io and Kucoin on 05Feb 0300UTC. The dump will be interesting to watch.

Now please, do tell what we call a scheme that requires new members to invest in order to fund the gain of early adopters? From what I have seen and the way they have conducted themselves, Medicalchain looks like it make be one such scheme.

This is my first post here; I usually post at litecointalk.org. Today I had an article in "The Australian" on how I am accepting Bitcoin and Litecoin as payment for anaesthetic services.

If there is a paywall, let me know and I'll post a screen shot.

Cheers,

http[Suspicious link removed]cutive-living/virtual-cash-moves-into-the-real-world/story-e6frg9zo-1226813295552

Edit:

okay, "suspicious link removed". Here is a screen shot series: