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      "author": "steemitboard",
      "permlink": "steemitboard-notify-klems-20190401t152832000z",
      "title": "",
      "body": "Congratulations @klems! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@klems/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/@klems) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=klems)_</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": "Thanks for this info, can sure use this.",
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      "title": "CryptoCashier: HowTo track your portfolio value in BTC/USD",
      "body": "Hello Steemians/Steemers,\n\nLike everyone in the crypto space, I wanted the perfect tool to keep an eye on my crypto portfolio value in **BTC/USD**.  \nLots of tools exists out there to do so, but they all have drawbacks of some sort.  \nThat goes from excel spreadsheets, online services, mobile apps, etc ...  \nSince i didn't wanted to associate any email with any crypto address, i decided to script my own solution.  \n\nLet me introduce you the **BETA** version of the **CryptoCashier** !\n\n## IDEA\n\nI had the idea looking at my groceries tickets.  \nI wanted to output something similar **within my OS terminal**.\n\n![ticket1](https://thecookinglife.files.wordpress.com/2011/02/dsc02766.jpg?w=150)  \n![ticket2](http://www.nandyala.org/mahanandi/images/grocerybills/SaturdayMayten08.jpg?w=150)\n\n## CRYPTOCASHIER\n\nThe cryptocashier is a simple python script that uses the coinmarketcap API to generates reports of your portfolio value in **BTC/USD** of two sorts (so far) :\n  * ticket mode\n  * html mode.\n\nThe script uses :\n  * python\n  * json\n  * jinja2 templating (ticket/html)\n  * bootstrap (html)\n\n## THE CODE\n\nThe code is hosted and documented on Gitlab: [**HERE**](https://gitlab.com/klems/crypto-cashier)\n\n### TICKET MODE\n\nThe idea is to setup an alias in your terminal to generates a ticket whenever you want.  \nExample output in **ticket mode** :\n\n![ticket mode](https://gitlab.com/klems/crypto-cashier/raw/master/img/ticket_screenshot.png)\n\n### HTML MODE\n\nThe idea is to setup a cron to update an HTML page that contains your portfolio value.  \nExample output in **html mode** :\n\n![html mode](https://gitlab.com/klems/crypto-cashier/raw/master/img/html_screenshot.png)\n\n## ROADMAP\n\n  * Add the possibility to send values to an influxDB database (so you can graph your portfolio with grafana)\n  * Track the gain/loss of a specific trade overtime separetly\n  * Overall Improvements\n  * Cleaning code\n\n## FEEDBACK\n\nI hope this tool can be usefull for someone, don't hesitate to make pull requests on the projet, if you think of some interesting modifications, as i am not a python developer, just doing my best.    \nIf you have any trouble running the script, post in the comments, i'll try to help you get it running.  \n\n**Thanks for reading** and have a nice day !",
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      "body": "Congratulations @klems! You have received a personal award!\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/@klems/birthday1.png)](http://steemitboard.com/@klems)  1 Year on Steemit\nClick on the badge to view your own Board of Honor on SteemitBoard.\n\n> Upvote this notificationto to help all Steemit users. Learn why [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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      "body": "Very good post. Thanks for bringing this to our attention. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in.  Does anyone know about:  https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. Sorted by team, product, company, advisors, previous investors, etc.  For example:  https://www.coincheckup.com/coins/Bitcoin#analysis For a complete Bitcoin Investment and research analysis.",
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      "body": "Cool. The photos look great, and the art is very impressive! Thanks for sharing!",
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      "body": "Hi, i've got to say that i am more interested in characters and the way they are drawn.",
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      "body": "Wow! Really nice job! I'm surprised by how many portraits there are. Is the graffiti mostly portraits, or are you focusing on the characters? \n\nThese look excellent!",
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      "body": "Hello Steemians,\n\nHere is a little street art gallery, along the canal de l'Ourcq, north of Paris.\nThis 'gallery' is changing every month so here is a snapshot of June 2017 :\n\n![IMG_1704.jpg](https://steemitimages.com/DQmPtLmfXs3LFfvjxjbcDA1uqD3J8HUdZ1vb9t9RAdNYyor/IMG_1704.jpg)\n\n![IMG_1726.jpg](https://steemitimages.com/DQmbaX7Dsrysyzim3fqCYifeeHev65fHZ5AkgNhEYKevd7C/IMG_1726.jpg)\n\n![IMG_1727.jpg](https://steemitimages.com/DQmYZdiJVK4RifiprTSr1KFktr4xJZGxh2mV8PwrU8NaDB1/IMG_1727.jpg)\n\n![IMG_1728.jpg](https://steemitimages.com/DQmWRjQioHpt4hsfYjbukvvtmQCEnRNb5WJgCMaDK3KKbNW/IMG_1728.jpg)\n\n<p><center>https://steemitimages.com/DQmepnJ8jXPUBNjJM2ffGXqs2M1z4uB7qCRVLdYfN5NZHUN/IMG_1729.jpg</p></center>\n\n![IMG_1732.jpg](https://steemitimages.com/DQmSi9GzqFMRP2eCxasoDubfTxKKzcmye6aeZmbsRLAsQLY/IMG_1732.jpg)\n\n![IMG_1733.jpg](https://steemitimages.com/DQmX19ZVVm59V2fAdMiGGrAmtFpSDW9DpMF6nyYLx1hXqS7/IMG_1733.jpg)\n\n<p><center>https://steemitimages.com/DQmTVqFGymR2BtVzQZv5Dz8YUU2WBgRPYi5MNduGvGZMzNZ/IMG_1734.jpg</p></center>\n\n![IMG_1736.jpg](https://steemitimages.com/DQmR8HD8tSR64wkMKctojT6ujet7VerNcgNzbviL7xDCgk8/IMG_1736.jpg)\n\n![IMG_1737.jpg](https://steemitimages.com/DQmdhc3bdxfR1bcA6eDAs6wVi2mqnzaAHdoBALXUeHNqgvb/IMG_1737.jpg)\n\n<p><center>https://steemitimages.com/DQmWxY7GhGVeiUPqfbjEB6bgRT7eX8pbLtft47ZWmP6p6pF/IMG_1738.jpg</p></center>\n\n![IMG_1740.jpg](https://steemitimages.com/DQmQke2tauNXzvT6pghCyAvNZFopsbqDCC1XvKhPqVfYs7V/IMG_1740.jpg)\n\n![IMG_1741.jpg](https://steemitimages.com/DQmQbsSQRQ2SvSwbnpqkEZgMDsprEg19r77BnY4Qvya9vyc/IMG_1741.jpg)\n\n![IMG_1742.jpg](https://steemitimages.com/DQmevDLH8NwGLrt9GSVKhiALXu7XNKR7xNLuCKsRdaeeQTJ/IMG_1742.jpg)\n\n![IMG_1743.jpg](https://steemitimages.com/DQmQQdzb8Qgq6Q5R15u5pJN3GKxtfg6UfbJqV5bSfioGZSR/IMG_1743.jpg)\n\n![IMG_1744.jpg](https://steemitimages.com/DQmP8Rryxisk7gGQ5r61g73dy9pfrH71pBPE5fCmbQKAS21/IMG_1744.jpg)\n\n![IMG_1745.jpg](https://steemitimages.com/DQmewhtAVkqotTLiPnpG1GEfCW5LkjC9hbijd2oGj7yMw66/IMG_1745.jpg)\n\n<p><center>https://steemitimages.com/DQmapcqDDpvdRgReGshS44YdPb9MVnmeGAUL9Vwqa6uipKV/IMG_1746.jpg</p></center>\n\n![IMG_1747.jpg](https://steemitimages.com/DQmTzJpDMfd6SJDnVMeVP5QHKobGd6zmWFJmGgDijktYJQm/IMG_1747.jpg)\n\n<p><center>https://steemitimages.com/DQmQFqgxvogSyLifPzVLQBjdsBAeEDo9jJPKPZArNLMKyYj/IMG_1757.jpg</p></center>\n\n![IMG_1759.jpg](https://steemitimages.com/DQmcCkpbQ6ynXysGQhrNRuvakrNmAVkwkjbXj9s7iSX5Kgf/IMG_1759.jpg)\n\n![IMG_1761.jpg](https://steemitimages.com/DQmcnWRVtH5pDw9NWJA9P32NSDYcEk5gdMNzgncUMNsmNGv/IMG_1761.jpg)\n\n![IMG_1762.jpg](https://steemitimages.com/DQmboJa3JTWoP4kvyDANzrUUeVqtCbLaX6MinPVfj8VYJqZ/IMG_1762.jpg)\n\nHope you enjoyed the tour !\n\nCheers,",
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      "permlink": "re-klems-sia-asic-announced-obelisk-sc-1-what-do-you-guys-think-20170620t165154235z",
      "title": "",
      "body": "Yikes! Mine what you can while you can I guess.",
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      "title": "",
      "body": "### ![SiaTechHQ](https://pbs.twimg.com/profile_images/661925314616934401/OeL6IRKB_normal.png) **[Sia Tech](https://twitter.com/@SiaTechHQ/status/877172219679563778)** tweeted @ 20 Jun 2017 - 14:32 UTC\n\n> The Obelisk SC1 – the first ASIC built for Sia mining. https://t.co/uiKZhxnVuL\n\n\n###### *Disclaimer: I am just a bot trying to be helpful.*",
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      "author": "klems",
      "permlink": "sia-asic-announced-obelisk-sc-1-what-do-you-guys-think",
      "title": "SIA ASIC Announced : OBELISK SC 1 - What do you guys think ?",
      "body": "Hello Steemians,\n\n**SIA** just made a big announcement today on Twitter :\n\n![Screen Shot 2017-06-20 at 17.51.31.png](https://steemitimages.com/DQmdjsEbZeXVVg1PAbS1Y7anRcS9XCxtFsvD63a8xgz6uSr/Screen%20Shot%202017-06-20%20at%2017.51.31.png)\n\nYou can see the original tweet : [HERE](https://twitter.com/SiaTechHQ/status/877172219679563778)\n\n*(I do think decentralized cloud storage is a great opportunity for all of us, and i own siacoins myself)*\n\nI have mixed feelings about this news, since they already have an ongoing  partnership with **IBM** regarding the **Minebox**.\n\n### MINEBOX\n\nI was impressed when **SIA** announced the **Minebox** in a partnership with **IBM** that will build the hardware : [HERE](https://minebox.io/)\nThis box is adding value to the coin itself and the way it should be used makes perfect sense.\nAfterall you buy a minebox, you use it partially to host your own files on the SIA network, and use some remaining free space to rent and earn some coins back.\nThis hardware makes sense, and i think it's a great partnership/idea.\nThis should help the **SIA** network growth.\n\nNow, on the other hand we have ASIC mining coming ...\n\n### OBELISK SC 1\n\nThe Obelisk SC 1 is a sign of a partnership with some chip manufacturer, so it seems a good news for **SIA** at first sight.\nMy two cents : **IBM** might build the chips.\nASIC mining is not a really good news from my point of view.\nRemember the good old days when it was still possible to mine scrypt coins with some graphic cards ?\nThose days are long gone...\nAll the scrypt coins are now (more or less) in the hands of big companies that are building facilities full of ASIC mining gear.\nThat's pretty much the contrary of 'decentralized' ...\nThe second hand ASIC mining gear you can find on the internet are outdated for most of them, and will never get any decent **ROI**.\nASICS will kill GPU mining fast, then a majority of those chips will be bought and used by a small pack of people who will manage to get the vast majority of new generated coins.\nAre they gonna sell those coins on the market or are they gonna use the SIA network to actually spend those coins to host files ?\n\n**I am betting ASIC miners will just use the ASICS to sell coins, to make profit, while never use the SIA network to actually host files** which 'might' have a negative impact (mostly pricing related) on the ones that wants to buy coins to actually use the service, no ?\n\nThis is not really a problem for scrypt coins are they are not allowing people to actually host files, right, so the most you can get, the better.\n\n### ASICS\n\nWhen you are done mining with a CPU, Hard Drive, or a GPU card (which has not been overclocked like crazy of course) you can sell them back, as long as they are still functional ...\nOnce your ASICs are not relevant anymore, because some other guy can buy more than you, and the difficulty skyrocketed, the only remaining choice is to throw those ASICS away, nobody will buy them, as the ROI will be ridiculous.\n\nWell ... It's king of too early to give an advice on the matter since no prices or hashes capacity has been announced, but what do you guys think ?\n\nCheers,",
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      "parent_author": "klems",
      "parent_permlink": "howto-single-speed-blb-bike-with-coaster-brakes",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-klems-20170614t194644000z",
      "title": "",
      "body": "Congratulations @klems! You have completed some achievement on Steemit and have been rewarded with new badge(s) :\n\n[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/votes.png)](http://steemitboard.com/@klems) Award for the number of upvotes\n\nClick on any badge to view your own Board of Honnor on SteemitBoard.\nFor more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)\n\nIf you no longer want to receive notifications, reply to this comment with the word `STOP`\n\nBy upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!",
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{
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      "parent_permlink": "howto",
      "author": "klems",
      "permlink": "howto-single-speed-blb-bike-with-coaster-brakes",
      "title": "Single Speed BLB Bike with coaster brakes",
      "body": "Hello Steemians,\n\nI just bought a couple of old frames and forks, and decided to go **full BLB** on my next bike.  \nI wanted to do a single speed bike without brakes, but I don't really like fixies ...  \nSo I was left with the only choice left for brakes, coaster brakes with a BMX style.  \n\nHere is a quick **HOWTO** i wanted to share with you :  \n\n# I - Find used parts\n\nIn France we have *leboncoin*, in the US you have *craiglist* and anywhere else in the world you should have some similar websites where people are selling used stuffs.  \n\nBuy some used frames like those ones :\n\n![single_speed_02_001.jpg](https://steemitimages.com/DQmcGkfeUbrFrLqjPt7FKevH5ZJus2mHSTuZoXMZ87wASE1/single_speed_02_001.jpg)\n\n# II - Cleaning\n\nWhen you are buying a 'raw' frame you need to remove all those little parts :\n\n![single_speed_02_002.jpg](https://steemitimages.com/DQmS99MiybVkPJSezntPTkATC4kKJpnsKMQcS1Y7VbtJdNX/single_speed_02_002.jpg)\n\nYou can use a pair of pliers to remove them, or a little steel saw :\n\n![single_speed_02_003.jpg](https://steemitimages.com/DQmUin1pDoA9WyQqBdMhhxRXhEL53FMhTuJ5dSDfjvZJ9zG/single_speed_02_003.jpg)\n\n![single_speed_02_004.jpg](https://steemitimages.com/DQmdJgTQwgudJzVjugjnypvoCsHDjp8VYzn8UMeHHiJNSMt/single_speed_02_004.jpg)\n\n![single_speed_02_005.jpg](https://steemitimages.com/DQmPfPHiJXuKDboyCu73cM2A3HPRsEjSWnGwu6FpSjGaYoe/single_speed_02_005.jpg)\n\n# III - Paint Job\n\n## A - DIY\n\nSince it's a DIY post, you think i am gonna advice you to get anti rust paint for two consecutive layers, then buy some spray paint cans to apply the color you want on the frame.\nI have done that, but the hassle is just not worth the price.\n\n - It takes time\n - You need a dedicated outdoor place to actually paint the bike\n - Even well done, the paint quality will fall appart pretty quick\n - The frame will get marks pretty fast\n\n## B - Industrial Painting \n\nThere should be an industrial area near you where you can get extra high pressure sand on the frame to clean it then it can be painted with the color you like for something like 50$ overall (fork + frame).\n\n - Quick and no tools needed\n - High pressure sand on the frame and fork so they looks new\n - Anti rust layer included in the price\n - An incredible choice in colors (i chose black anyway)\n - Special paint finish (mat / brillant / ceramic / etc)\n - Almost no difference in price if you DIY\n\nHere are the frames and forks coming back from the latest paint jobs :\n\n![single_speed_02_006.jpg](https://steemitimages.com/DQmSeBfXV1JpchCt4BChtwogZvWWJBoFWL2w7QP5AFQrUJ1/single_speed_02_006.jpg)\n\nYou can't really tell if the frame is new or used :\n\n![single_speed_02_007.jpg](https://steemitimages.com/DQmXxpgud1uDcCynvLpMcaF6G1ywjRmqMsGzqsi2aaipHLe/single_speed_02_007.jpg) \n\n# IV - Bracket\n\nI bought a new **Shimano** bracket :\n\n![single_speed_02_008.jpg](https://steemitimages.com/DQmNrGJjHbz9MKgjKFzN9qoeotZEicMvXF9praVRW2hRG1k/single_speed_02_008.jpg)\n\n![single_speed_02_009.jpg](https://steemitimages.com/DQmbmAncnJpPTWyEbe8KVRAhUGTtD5fcVAqmGWYvVwgFfiA/single_speed_02_009.jpg)\n\n# V - Headset\n\nI bought a new headset :\n\n![single_speed_02_0010.jpg](https://steemitimages.com/DQmU7ZwHfi3GwenjdG66b6DigFTeZZTB86pAxUJXQvme1cu/single_speed_02_0010.jpg)\n\n![single_speed_02_0011.jpg](https://steemitimages.com/DQmRus1WGCWmS9sRa8DRRt582sc6oR3CqwXDnXwZhWMn3K2/single_speed_02_0011.jpg)\n\nThen i attached the fork :\n\n![single_speed_02_0012.jpg](https://steemitimages.com/DQmTfAJpfAv7sYZbH9PbjD37HHPUJBvEZRReiv7tURnGhJn/single_speed_02_0012.jpg)\n\n# VI - Wheels\n\nI bought a complete pair of new wheels which includes :\n\n - Coaster Brakes\n - Tires\n - Inner tubes\n - Rim tape\n\n![single_speed_02_0017.jpg](https://steemitimages.com/DQmbpJx3agMqoWNymPibRHgmS8oJ8hS5fBCdHnCnWkCw1fU/single_speed_02_0017.jpg)\n\n# VII - Crankset\n\nI bought a new **BLB** crankset :\n\n![single_speed_02_0019.jpg](https://steemitimages.com/DQmTYLCt4ErYvesj3p1MrP8PkTA5v9xksXGEgwMzyN1UNiS/single_speed_02_0019.jpg)\n\n![single_speed_02_0018.jpg](https://steemitimages.com/DQmV61KsYVggkdd2KZMCRD42XMuzy4iGo2uZVmuyFSxthRH/single_speed_02_0018.jpg)\n\n# VIII - Other parts\n\nFinally I have added the following parts :\n\n- **BLB** pedals\n- **BLB** handlebar\n- **BLB** seat\n- **BLB** stem\n- **BLB** grips\n- Homemade chain\n\n![single_speed_02_0022.jpg](https://steemitimages.com/DQmY4jbMN3w99DodW2StN8UFyEB33ZjN5bpVALVMG9LErKP/single_speed_02_0022.jpg)\n\n# IX - Release the beast !\n\nThe beast in the wild :\n\n![single_speed_02_0023.jpg](https://steemitimages.com/DQmWzyYQgtd7RDnuGGjNdG1BRcakFtYs411YXeYrQy2VxvV/single_speed_02_0023.jpg)\n\n![single_speed_02_0024.jpg](https://steemitimages.com/DQmURywGFb3US8bU5bnXo2TQLnsTHnuuV1RCV3rfSMScurA/single_speed_02_0024.jpg)\n\n![single_speed_02_0025.jpg](https://steemitimages.com/DQmcD1f2rYXZTmV8qpfbB7rJjmRUGEea6TKXk5uvANt1MA6/single_speed_02_0025.jpg)\n\n![single_speed_02_0026.jpg](https://steemitimages.com/DQmdiWU8FBX4CbFedXZPhHJTVYFpjp3qzPRphReSTCRKnQJ/single_speed_02_0026.jpg)\n\n![single_speed_02_0027.jpg](https://steemitimages.com/DQmYfkV8xiKa6RREbDZeK6jd7L4obb1e5g9eZnyhXVx78dJ/single_speed_02_0027.jpg)\n\n# X - Cost\n\nThis bike costs ~ **400$** to build.   \nI 'wanted' this bike to cost that much and being almost full **BLB**.  \nI could have bought cheaper/used parts, this way the bike would have cost half that price.  \n\nYour call.\n\nCheers,",
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      "title": "HOWTO : Single Speed BLB Bike with coaster brakes",
      "body": "Hello Steemians,\n\nI just bought a couple of old frames and forks, and decided to go **full BLB** on my next bike.  \nI wanted to do a single speed bike without brakes, but I don't really like fixies ...  \nSo I was left with the only choice left for brakes, coaster brakes with a BMX style.  \n\nHere is a quick **HOWTO** i wanted to share with you :  \n\n# I - Find used parts\n\nIn France we have *leboncoin*, in the US you have *craiglist* and anywhere else in the world you should have some similar websites where people are selling used stuffs.  \n\nBuy some used frames like those ones :\n\n![single_speed_02_001.jpg](https://steemitimages.com/DQmcGkfeUbrFrLqjPt7FKevH5ZJus2mHSTuZoXMZ87wASE1/single_speed_02_001.jpg)\n\n# II - Cleaning\n\nWhen you are buying a 'raw' frame you need to remove all those little parts :\n\n![single_speed_02_002.jpg](https://steemitimages.com/DQmS99MiybVkPJSezntPTkATC4kKJpnsKMQcS1Y7VbtJdNX/single_speed_02_002.jpg)\n\nYou can use a pair of pliers to remove them, or a little steel saw :\n\n![single_speed_02_003.jpg](https://steemitimages.com/DQmUin1pDoA9WyQqBdMhhxRXhEL53FMhTuJ5dSDfjvZJ9zG/single_speed_02_003.jpg)\n\n![single_speed_02_004.jpg](https://steemitimages.com/DQmdJgTQwgudJzVjugjnypvoCsHDjp8VYzn8UMeHHiJNSMt/single_speed_02_004.jpg)\n\n![single_speed_02_005.jpg](https://steemitimages.com/DQmPfPHiJXuKDboyCu73cM2A3HPRsEjSWnGwu6FpSjGaYoe/single_speed_02_005.jpg)\n\n# III - Paint Job\n\n## A - DIY\n\nSince it's a DIY post, you think i am gonna advice you to get anti rust paint for two consecutive layers, then buy some spray paint cans to apply the color you want on the frame.\nI have done that, but the hassle is just not worth the price.\n\n - It takes time\n - You need a dedicated outdoor place to actually paint the bike\n - Even well done, the paint quality will fall appart pretty quick\n - The frame will get marks pretty fast\n\n## B - Industrial Painting \n\nThere should be an industrial area near you where you can get extra high pressure sand on the frame to clean it then it can be painted with the color you like for something like 50$ overall (fork + frame).\n\n - Quick and no tools needed\n - High pressure sand on the frame and fork so they looks new\n - Anti rust layer included in the price\n - An incredible choice in colors (i chose black anyway)\n - Special paint finish (mat / brillant / ceramic / etc)\n - Almost no difference in price if you DIY\n\nHere are the frames and forks coming back from the latest paint jobs :\n\n![single_speed_02_006.jpg](https://steemitimages.com/DQmSeBfXV1JpchCt4BChtwogZvWWJBoFWL2w7QP5AFQrUJ1/single_speed_02_006.jpg)\n\nYou can't really tell if the frame is new or used :\n\n![single_speed_02_007.jpg](https://steemitimages.com/DQmXxpgud1uDcCynvLpMcaF6G1ywjRmqMsGzqsi2aaipHLe/single_speed_02_007.jpg) \n\n# IV - Bracket\n\nI bought a new **Shimano** bracket :\n\n![single_speed_02_008.jpg](https://steemitimages.com/DQmNrGJjHbz9MKgjKFzN9qoeotZEicMvXF9praVRW2hRG1k/single_speed_02_008.jpg)\n\n![single_speed_02_009.jpg](https://steemitimages.com/DQmbmAncnJpPTWyEbe8KVRAhUGTtD5fcVAqmGWYvVwgFfiA/single_speed_02_009.jpg)\n\n# V - Headset\n\nI bought a new headset :\n\n![single_speed_02_0010.jpg](https://steemitimages.com/DQmU7ZwHfi3GwenjdG66b6DigFTeZZTB86pAxUJXQvme1cu/single_speed_02_0010.jpg)\n\n![single_speed_02_0011.jpg](https://steemitimages.com/DQmRus1WGCWmS9sRa8DRRt582sc6oR3CqwXDnXwZhWMn3K2/single_speed_02_0011.jpg)\n\nThen i attached the fork :\n\n![single_speed_02_0012.jpg](https://steemitimages.com/DQmTfAJpfAv7sYZbH9PbjD37HHPUJBvEZRReiv7tURnGhJn/single_speed_02_0012.jpg)\n\n# VI - Wheels\n\nI bought a complete pair of new wheels which includes :\n\n - Coaster Brakes\n - Tires\n - Inner tubes\n - Rim tape\n\n![single_speed_02_0017.jpg](https://steemitimages.com/DQmbpJx3agMqoWNymPibRHgmS8oJ8hS5fBCdHnCnWkCw1fU/single_speed_02_0017.jpg)\n\n# VII - Crankset\n\nI bought a new **BLB** crankset :\n\n![single_speed_02_0019.jpg](https://steemitimages.com/DQmTYLCt4ErYvesj3p1MrP8PkTA5v9xksXGEgwMzyN1UNiS/single_speed_02_0019.jpg)\n\n![single_speed_02_0018.jpg](https://steemitimages.com/DQmV61KsYVggkdd2KZMCRD42XMuzy4iGo2uZVmuyFSxthRH/single_speed_02_0018.jpg)\n\n# VIII - Other parts\n\nFinally I have added the following parts :\n\n- **BLB** pedals\n- **BLB** handlebar\n- **BLB** seat\n- **BLB** stem\n- **BLB** grips\n- Homemade chain\n\n![single_speed_02_0022.jpg](https://steemitimages.com/DQmY4jbMN3w99DodW2StN8UFyEB33ZjN5bpVALVMG9LErKP/single_speed_02_0022.jpg)\n\n# IX - Release the beast !\n\nThe beast in the wild :\n\n![single_speed_02_0023.jpg](https://steemitimages.com/DQmWzyYQgtd7RDnuGGjNdG1BRcakFtYs411YXeYrQy2VxvV/single_speed_02_0023.jpg)\n\n![single_speed_02_0024.jpg](https://steemitimages.com/DQmURywGFb3US8bU5bnXo2TQLnsTHnuuV1RCV3rfSMScurA/single_speed_02_0024.jpg)\n\n![single_speed_02_0025.jpg](https://steemitimages.com/DQmcD1f2rYXZTmV8qpfbB7rJjmRUGEea6TKXk5uvANt1MA6/single_speed_02_0025.jpg)\n\n![single_speed_02_0026.jpg](https://steemitimages.com/DQmdiWU8FBX4CbFedXZPhHJTVYFpjp3qzPRphReSTCRKnQJ/single_speed_02_0026.jpg)\n\n![single_speed_02_0027.jpg](https://steemitimages.com/DQmYfkV8xiKa6RREbDZeK6jd7L4obb1e5g9eZnyhXVx78dJ/single_speed_02_0027.jpg)\n\n# X - Cost\n\nThis bike costs ~ **400$** to build.   \nI 'wanted' this bike to cost that much and being almost full **BLB**.  \nI could have bought cheaper/used parts, this way the bike would have cost half that price.  \n\nYour call.\n\nCheers,",
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      "title": "",
      "body": "This is so true, and one of the reasons I have such faith in bitcoin and have no problems with 4k or even 5k bitcoin in shorter perspective. Great article! Upvoted and followed.",
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      "body": "@@ -347,17 +347,16 @@\n ot to lo\n-o\n se them.\n",
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      "body": "Hi Charlz, \nNot really, i guess it is related to the Bitcoin price, when you had, let's say, 10BTC in your wallet end of 2011, it was worth 15$ each, for a total of let's say, 150$.  \nYou could forget to backup them or lost them without a second thought, not a big deal ...  \nNow, it would be worth almost 30000$, so you would be extra cautious not to loose them.  \nThe bitcoin \"issue\" is that most of the actual circulating BTC were generated in the early years, and during those years, people were not cautious about something that was worthless.",
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      "permlink": "re-klems-the-bitcoin-price-is-rigged-2017611t181534372z",
      "title": "",
      "body": "I think you are not very far off. I remember I mined some back in 2011/12 and it never left the miner site because I didn't know how and the wallet software was crap. ",
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      "author": "charlz",
      "permlink": "re-klems-the-bitcoin-price-is-rigged-20170611t160921273z",
      "title": "",
      "body": "Does that mean that one day in the future if we use the same rate of loss as we currently estimate, most bitcoin will be lost forever? Then what?",
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      "author": "intothewild",
      "permlink": "re-klems-the-bitcoin-price-is-rigged-20170611t155038109z",
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      "body": "Interesting perspective. I would assume it would only get worse as time went on too. Today is not the last day someone, somehow, will lose BTC. Upvoted and welcome to the platform!",
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      "author": "klems",
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      "title": "THE BITCOIN PRICE IS RIGGED",
      "body": "Hi,\n\nI am a miner in the cryptocurrency universe since late 2012.  \nI have discovered steemit lately so i would like to share a thought regarding the BTC price, so i can get your feedback on the matter.\n\n## Bitcoin Market Capacity\n\nToday, the Market capacity for Bitcoin is **47,769,994,026** USD.  \nA gentle reminder on how market capacity is calculated :\n   \n```Market capactity = Price x Circulating Supply```  \n\nSo let's do our maths :  \n\n```2915.48 x 16384950 = 47769994026```\n\nSo far ... so good, everything looks normal.\n\n## Bitcoin Circulating Supply\n\nThe main problem i see with the bitcoin price, is that it uses the Circulating Supply which is based on the Bitcoin algorithm that will generate bitcoins until it gets to **21000000** BTC units.\n\nIf, as of today, **16384950** BTC have been generated so far (no doubts about that), how much have been lost/destroyed by **humans mistakes** ?\n\nFew examples :\n\n- Wallet creation + passphrase lost : [[Bitcointalk]](https://bitcointalk.org/index.php?topic=85495.0) or [[Reddit]](https://www.reddit.com/r/Bitcoin/comments/44a9ee/ive_lost_the_password_to_my_bitcoin_core_wallet/)\n- Formatted computers + no backups : [[Bitcointalk]](https://bitcointalk.org/index.php?topic=1352058.0) or [[Reddit]](https://www.reddit.com/r/Bitcoin/comments/30vj19/lost_walletdat_during_reformatos_switch/)\n- All the 0.0xxxxx that were left abandonned or can't be withdraw from pools or exchanges as the amounts are too low.\n\nOne of the most famous story is the one from that guy throwing his former laptop with 4 millions pounds worth of BTC on it : [[The Guardian]](https://www.theguardian.com/technology/2013/nov/27/hard-drive-bitcoin-landfill-site)\n\nAccording to the various searchs i have made, i would say that between **30% - 40%** of the **16384950** BTC generated so far have been **lost forever**.  \nIt sounds like a worst case scenario, but i don't think it is.  \nNew cryptocurrencies are not that much impacted with *'destroyed coins'* but stories of lost coins are still a thing, like Quadriga that sent **60000** ETH into a black hole lately [[Reddit]](https://www.reddit.com/r/Bitcoin/comments/6eu36p/canadian_bitcoin_exchange_quadriga_confirms_it/)\n\n## Bitcoin Possible Prices Correction\n\n### Without touching the actual price \n\n#### 30% lost coins\n\nLet's say 30% of the BTC have been lost.  \nThe new circulating supply would be : **11469465** BTC\n\n```11469465 x 2915.48 = 33,438,995,818```\n\nThe market capacity with this fix would be : **33,438,995,818** USD\n\n#### 40% lost coins\n\nLet's say 40% of the BTC have been lost.  \nThe new circulating supply would be : **9830907** BTC\n \n```9830907 x 2915.48 = 28,661,812,740```\n\nThe market capacity with this fix would be : **28,661,812,740** USD.\n\n### Without touching the actual Market Capacity\n\n#### 30% lost coins\n\n`47769994026 / 11469465 = 4164,97 USD`\n\nThe BTC price with this fix would be : **4164,97** USD\n\n#### 40% lost coins\n\n`47769994026 / 9830907 = 4859,16 USD`\n\nThe BTC price with this fix would be : **4859,16** USD\n\n## Possible Conclusions ?!?\n\n### BTC is underpriced\n\nThe price of a single bitcoin is underpriced, because there are less BTC in circulation than thought :\n\nThe price of a single BTC should be between : `4164,97 USD -- 4859,16` USD\n\n### Market Capacity is overestimated\n\nThe market capacity of BTC is overestimated because it is based on wrong BTC circulating supply and should be lowered by 30 to 40 %\n\nThe market capacity should be : `28,661,812,740 USD -- 33,438,995,818` USD\n\nLet me know what you think in the comments !\n\nCheers,\n\n**PS** : All those calculations were based on cryptomarketcap.com prices, 11 June 2017.",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"btc\",\"bitcoin\",\"price\"],\"links\":[\"https://bitcointalk.org/index.php?topic=85495.0\",\"https://www.reddit.com/r/Bitcoin/comments/44a9ee/ive_lost_the_password_to_my_bitcoin_core_wallet/\",\"https://bitcointalk.org/index.php?topic=1352058.0\",\"https://www.reddit.com/r/Bitcoin/comments/30vj19/lost_walletdat_during_reformatos_switch/\",\"https://www.theguardian.com/technology/2013/nov/27/hard-drive-bitcoin-landfill-site\",\"https://www.reddit.com/r/Bitcoin/comments/6eu36p/canadian_bitcoin_exchange_quadriga_confirms_it/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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