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This week's episode of RHR on @TFTC21 is now out: https://anchor.fm/tales-from-the-crypt/episodes/Rabbit-Hole-Recap-Week-of-9-10-2018-e26rbs
Uncensored, uncut, and slightly belligerent. @martybent & I call it like we see it.
Also available in your favorite podcast app by searching for 'tales from the crypt' and clicking that subscribe button.
For your convenience, here's all the links we discuss in this week's show:
This week's episode of Rabbit Hole Recap is now available: https://anchor.fm/tales-from-the-crypt/episodes/Rabbit-Hole-Recap-Week-of-9-3-2018-e25faf
Uncut & Uncensored. Just me, you, and @martybent sifting through this wild week of bitcoin.
-Emerging Market currency crises
-Iran give Bitcoin mining the go-ahead
-Ethereum FOMC meeting
-Casa's new plug and play all-in-one Bitcoin full node + Lightning node
-Discussions of a new Bitcoin testnet
(Available on all major podcast apps by searching 'tales from the crypt')
Watching eth stakeholders make every mistake bitcoiners have intentionally avoided is gold.
Provides clear context re: the value prop of bitcoin compared to altcoins. Now we have a perfect case study to point to when questioned whether bitcoin's current path forward is the best option:
-Move slow, and conservative.
-Prioritize censorship resistance and robustness.
-Scale using layers.
-Avoid hard forks at all cost.
-Don't fuck with supply schedule.
-Keep it simple, stupid.
Excited to announce a new weekly pod w/ @martybent. Plan is to record tuesdays and drop them on wednesdays.
It is complementary to his outstanding TFTC21 interviews and will live in the same feed. Basically a week-in-review style show w/ whiskey. Feedback is appreciated.
Mirrored from twitter.
Soup kitchen initiative in Venezuela accepting bitcoin donations. They support lightning as well. 👌
Coordinated by @btcven
Bitcoin against US Dollar, past year: +56%
Some good Bitcoiners to follow if you haven't already
Great to be here with you all 👍
A list of some Bitcoin (/Cryptocurrency) accounts with proof-of-ownership to help get you started. https://gist.github.com/KevinKelbie/2890e997b7564ab080f8f74c54eb5a2c#file-mastodon-md
Their upcoming IPO makes a lot more sense now.
They have been propping up bitcoin cash price by (1) requiring ASIC purchases to be made w/ bch (2) not selling the bch they earn (3) actively buying bch with btc and (4) protecting the chain from 51% attacks.
As a result, Bitmain currently has a ~$500M bag of ~1M bitcoin cash that they can't sell without cratering the price. Even just selling a fraction could spook the bch market.
The IPO is a way of 'selling it' without selling it.
The left 3 columns is the number of coins they owned in each time period. The middle 3 columns is the average price they paid. The last 3 columns are the total amounts in USD in thousands.
That's my understanding at least. I can't read Chinese.
Confirming what most of us have theorized for awhile now, bitmain has been propping up the price of bitcoin cash.
They are also the only reason bch hasn't been the target of 51% attacks, yet.
If I'm reading this right their current holdings are ~1M bitcoin cash, ~22k bitcoin, ~930k litecoin, ~312k dash, ~1100 ethereum, and
about $19M USD worth of various other altcoins.
FWIW take these numbers with a grain of salt since they are self reported.
I made a chart on Coinmetrics where you can track how Bcash is performing relative to bitcoin on a bunch of indicators (tx count, tx value, exchange volume, difficulty).
Bitcoin & distributed systems🤘Toots aren't investment advice. Do your own research. Don't trust, verify. PGP: F46C 4BA9 B9A7 1F52 1305 DB22 D161 F4E0 C141 16A8
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