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      "body": "Congratulations @allthingscrypto! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@allthingscrypto/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@allthingscrypto) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=allthingscrypto)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "It won't.\n\nNot actually a bad thing it makes mining profitable for people in other countries with a lot of \"cheap\" used ASIC miners going for the taken, if China bans mining. On top of that they won't ban producing the mining equipment (that is just electronics) so prices will drop for equipment as they want to ramp up exporting them from China (China has been guilty of making sure production of ASIC miners stays mostly in China). \n\nIt will be into the 22nd century (I know long time) before the last BitCoin is mined so I can think of a few countries, those who have strong renewables, that would jump at this opportunity to have no competition from China in mining. \n\nI don't think China will ban using BitCoin so the Chinese will still demand it and use it via Macau and Hong Kong to get funds out of China. That is inevitable.\n\nEither way BitCoin wins when you think about it. China just can't break BitCoin. It is not that simple. So don't worry about it. I am not.\n\nCaveat is BitCoin cash will be destroyed if it happens as all their operations are in China and need China. I don't think they will find it easy to restart mining in other countries becasue of their fugazi nature (something China embraces but the rest of world finds deplorable).",
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      "title": "",
      "body": "Ha - agree: things can move very fast in eight years in tech!",
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      "author": "allthingscrypto",
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      "body": "I agree that it is still hard for the average Joe to understand Bitcoin and to use Bitcoin. But we cannot imagine what kind of platform may adopt Bitcoin in the future and may mask all the difficulties of Bitcoin from the average user. Eventhough I do not like centralized platforms taking control of the aspects of Bitcoin which were intended to decentralize and give the users full control, it might help Bitcoin get mass adoption. Imagine platforms like Facebook or Google Play Store or Apple App Store adopt Bitcoin as payment option and make it the preferred payment option... this could lead to mass adoption. Or it could be a new platform which doesn't exist today. 8 years is like an eternity in the tech world. I think it is conceivable.",
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      "body": "@@ -666,16 +666,18 @@\n ings.   \n+%0A%0A\n I'm a fi\n@@ -1141,35 +1141,159 @@\n l.  \n-Not sure if that is achievable\n+ In addition you are saying that bitcoin will hold the same amount of weight 50%25.  I can see bitcoin ruling for a while...i'm not so sure in the long-term\n .\n",
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      "body": "I hear you and agree that disruptive tech can adopt users at an explosive rate.  However I would argue that those had very easy-to-see utility for just about anyone at any age.  You don't have to know anything to open a facebook acct - just sign up and start using.  \n\nOn the other hand, Bitcoin still remains very misunderstood and you have to worry about private keys, wallets, cold storage, exchanges, masternodes, different exchange rates, etc.  In other words, Its not that easy yet to get into.\n\nIn addition, the crypto market also doesn't have \"a face\" ...something that brings the market great news everyday.  All the average joe sees is the wild bitcoin swings.   I'm a firm believer that blockchain will be a large part of the economy one day.   2017 was an amazing year for crypto.  Its not hard to see the crypto market hit 1 Trillion within five years.  8T in eight years is possible but a lot has to go right for the average joe to believe in blockchain for that rate.  I think 10-15 years we'll see the numbers you want.\n\nLastly don't forget that your numbers are for 16T (8 of which is bitcoin).  That means 2B people total.  Not sure if that is achievable.",
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      "body": "I thought about what you said and I made a different calculation. \n\nWe have a market cap of $60B and it is estimated that around 5M to 10M unique people are using Bitcoin today. So let's say 7.5M people. \n$60B / 7.5M people = $8,000 per person.\n$8T / $8,000 = 1B people\nSo to reach $8T, we would need to expand the Bitcoin community to about 1B unique users. That sounds like a lot, but is it impossible? I don't think so. Facebook was able to build a user base of 2B unique users in a time span of 13 years. (and reached the 1B mark in 12 years) WhatsApp has been able aquire 1B users in 7 years. So it is very much possible for disruptive technologies to experience such an explosion of users.",
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      "body": "Thank you @elladinenolana for the positive feedback! I really appreciate it!",
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      "body": "Not sure about bitcoin at 500k in 2024.  That means you think the cryptomarket will hit 16 Trillion by 2024 and bitcoin will be approx 8T of that.  I did some calculations here to show maybe it will hit 150k:\n\nhttps://steemit.com/cryptocurrency/@kryptonaut/bitcoin-price-in-2025-usd300-000-yes-but-these-things-have-to-happen",
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      "body": "Great Post! \nI see your point that governments aren't good at building businesses and turning profits. But blockchain is not only about profits. So I think it is possible for governments to create blockchain based currencies. And I believe the only chance for governments to still maintain a currency is to either create a cryptocurrency or create a digital currency which has most of the benefits cryptocurrencies have (instant worldwide transactions, low transaction fees, etc.) \nAnd if they are instantly accepted by every business and you can pay taxes, fees and government services with that currency, then I think it will have instant mass adoption.  But as a side effect it will give legitimacy to all other cryptocurrencies. So that would be good for the world but bad for the government. We will see what happens in India, and China, who is rumored to be working on a cryptocurrency.",
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      "body": "Beautiful! Gives the post a whole new look and feel, don't you think? Gives it undeniable credibility, not to mention making it easier for readers to access the sources for more indepth info should they so desire. Followed, and keep up the good work.",
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      "title": "",
      "body": "Thanks for the hint! I updated the post and added links to all relevant sources. Cheers!",
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      "title": "$500,000 Bitcoin? $1,000,000 Bitcoin? Let's do the Math - Calculating the answer to the question \"when Moon?\" or \"when Lambo?\"",
      "body": "@@ -627,16 +627,128 @@\n 10 years\n+ (%5Blink%5D(https://cointelegraph.com/news/bitcoin-will-be-worth-1-mln-in-10-years-swiss-based-bitcoin-wallet-ceo))\n %0A%0A- Jere\n@@ -974,16 +974,140 @@\n n price:\n+ (%5Blink%5D(http://www.businessinsider.de/bitcoin-price-could-be-500000-by-2030-first-snapchat-investor-says-2017-3?r=US&IR=T))\n %0A%0A%091. Mo\n@@ -1747,16 +1747,158 @@\n he says.\n+ (%5Blink%5D(http://www.marketwatch.com/story/cybersecurity-legend-bets-his-manhood-that-bitcoin-reaches-500000-mark-with-three-years-2017-07-18))\n %0A%0A%0A%0A- Ka\n@@ -2359,16 +2359,109 @@\n dollars.\n+ (%5Blink%5D(https://www.cnbc.com/2017/05/31/bitcoin-price-forecast-hit-100000-in-10-years.html))\n %0A%0AAfter \n@@ -4638,8 +4638,260 @@\n alistic)\n+%0A%0A_____________________________________________________________________________________________%0AAll calculations were performed based on historical price data found on Investing.com (%5Blink%5D(https://www.investing.com/currencies/btc-usd-historical-data))\n",
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