Showing posts with label Bitcoin. Show all posts
Showing posts with label Bitcoin. Show all posts

Tuesday, January 26, 2021

The City of Miami believes in Bitcoin


The City of Miami believes in #Bitcoin and I’m working day and night to turn Miami into a hub for crypto innovation.

Proud to say Miami is the first municipal government to host Satoshi’s White Paper on government site.
 

https://twitter.com/FrancisSuarez/status/1354488469091975168

https://www.miamigov.com/Government/City-Officials/Mayor-Francis-Suarez/Bitcoin-White-Paper 


Saturday, January 16, 2021

Who said HODL for the first time?


December 18, 2013

This is how Hodl started, in a Bitcointalk forum post, by user GameKyuubi, he said why he was still "hodling" (unsold) in his post, "I AM HODLING", he already knew there was a misspelling, but decided that hodling was the best definition.

Since then, HODL has been used countless times to comment that in a price drop, don't sell, hold Hodl, or that the least risky way to own Bitcoin is with Hodl.

Thursday, January 14, 2021

Bitcoin Development

Bitcoin Optech Newsletter #131

This week’s newsletter describes a new proposed Bitcoin P2P protocol message, a BIP for the bech32 modified address format, and an idea for preventing UTXO probing in proposed dual-funded LN channels. Also included are our regular sections with the summary of a Bitcoin Core PR Review Club meeting, a list of releases and release candidates, and descriptions of notable changes to popular Bitcoin infrastructure software.


 

 

 

News

Proposed disabletx message
Bech32m Pieter Wuille
LN dual funding anti UTXO probing

Releases and release candidates

Bitcoin Core 0.21.0rc5
LND 0.12.0-beta.rc5

Notable code and documentation changes

Notable changes this week in Bitcoin Core, C-Lightning, Eclair, LND, Rust-Lightning, libsecp256k1, Hardware Wallet Interface (HWI), Rust Bitcoin, Bitcoin Improvement Proposals (BIPs), and Lightning BOLTs.

Bitcoin Core #18077 introduces support for a common automatic port forwarding protocol, NAT-PMP (Network Address Translation Port Mapping Protocol).
Bitcoin Core #19055 adds the MuHash algorithm so that future PRs can use it for planned features.

As always, Bitcoin Optech Newsletter offers us an interesting reading of the proposals and advances of the Bitcoin environment, more information on its page with the complete content.

Bitcoin Optech Newsletter #131
 

Monday, January 11, 2021

Exchanges Ranking

https://data.bitcoinity.org/markets/rank/30d/USD?c=e&t=ae

Classifying exchanges is always a complicated task because you have to be sure that the data, quantities, order book, volume, sales orders, purchase orders they handle are real and that is what is expected of them, to understand a little more on the subject, there is an article in the link to the next page that helps us understand it.

TL;DR: Using order books instead of volume to decide which exchanges are the biggest.

link: Ranking system
 

Sunday, January 10, 2021

Running Bitcoin

Bitcoin first tweet

It was created by Hal Finney, coder, cryptographer and receiver of the first bitcoin transfer 10 BTC on January 12.
Apart from the news that it is the first Bitcoin tweet on the social network, the relevant data is Hal message in the tweet:

Running Bitcoin

First Bitcoin Transaction 10 BTC

 

January 12, 2009 

Satoshi Nakamoto sent 10 BTC to Hal Finney, it was the first Bitcoin transaction and the start of a usable technological revolution that would change many economic concepts.
The transaction was recorded in the blockchain forever and can be consulted here for verification

Hal Finney in this Bitcointalk forum post, Hal, Bitcoin and me, (Hal Finney)  explains his problem with ALS disease.

Career:

After graduation from Caltech, he went to work in the computer gaming field for a company that developed video games such as Adventures of Tron, Armor Ambush, Astrosmash and Space Attack.

He later went to work for the PGP Corporation with whom he remained until his retirement in 2011.

 

Finney was a noted cryptographic activist. During the early 1990s, in addition to being a regular poster on the cypherpunks listserv, Finney ran two anonymous remailers. Further cryptographic activism included running a (successful) contest to break the export-grade encryption Netscape used.

In 2004, Finney created the first reusable proof of work system before bitcoin. In January 2009, Finney was the Bitcoin network's first transaction recipient.

Harold Thomas Finney

Finney died in Phoenix, Arizona, on August 28, 2014, as a result of complications of ALS and was cryopreserved by the Alcor Life Extension Foundation.


Bitcoin Logo

The origin of the Bitcoin logo is little known, for this reason we are going to dedicate an article as a small tribute to its creator/creators:

 
 
The first logo was designed by Satoshi Nakamoto, it appeared after the launch of Bitcoin and was the icon represented in the 2009 Bitcoin wallet, it represents a gold coin with the inscription BC.


In 2010 the logo was presented with only the letter B with its traditional design including the 2 vertical bars at the top and bottom.


But the big change came with the intervention of the user bitboy Bitcointalk in November 2010, proposing some changes to give Bitcoin a brand image and get the logo to be directly identified with Bitcoin, orange circle with the B of Bitcoin in white and slightly leaning to the right.

Also bitboy like satoshi remain anonymous.

 

 

Number of trades per minute

https://data.bitcoinity.org/markets/tradespm/30d?c=e&t=a

We observe number of trader per minute, in any position on the graph it shows us the list of exchanges with the number of operations carried out.
The configuration view adapts to your needs to identify the number and quantities in each of them.
 

Bitcoin Trading Volume

https://data.bitcoinity.org/markets/volume/30d?c=e&t=b

Visualization of the volume of trade in the exchanges, there are options to modify the number of exchanges or choose only the one that interests us, the time period can be from 10 minutes, 1h, 6h, 24h, 3d, 7d, 1 month, 6 months , 2 years, 5 years or from the beginning.
Very useful information for traders who see the volume at all times.

The current view is configured in a period of 30 days.

Bitcoin Inflation vs Time

https://www.bitcoinblockhalf.com/

Here we can see the current inflation of Bitcoin and what the future inflation rate will be at a certain moment in time, this data is possible to know because we start from the base of the amount of Bitcoin issuance.

- Circulating Supply 18,596,062 BTC
- Max Supply 21,000,000 BTC
 

Number of Bitcoin Nodes

http://bitcoinkpis.com/security

Key Performance Indicator, KPI,s tiene informacion de la red en unos graficos perfectamente presentados, en cada seccion encontraremos el grafico con su correspondiente descripcion de los datos, de forma muy rapida tenemos la informacion que estabamos buscando, en este caso tenemos un grafico de los nodos completos de Bitcoin.
The node count metric is provided by Luke Dashjr.

The graphs are interactive, it has a zoom to adjust the size, consult the data in each column of the graph and it also allows you to capture the image.
 

Current Bitcoin Mempool

https://mempool.observer/#current-mempool

This graph shows an image in real time, it contains the unconfirmed transactions that are waiting to be included in the block to confirm, here you will see your transaction according to the rate that has been paid, if the transaction has a very low rate it will be at the bottom of The image awaiting confirmation, if the payment rate is higher the confirmation will be confirmed faster and will be at the top of the image, to know the status of your transaction insert your operation and it will be reflected in the color scale of the graph and You will have a clear vision of where it is at all times.
 

Mempool Statistics

https://jochen-hoenicke.de/queue/#0,24h

If you have to make a transaction or have to receive a payment, this graph from Johoe's Bitcoin Mempool Statistics is what you need to check, it is one of the most explicit graphs to know if the mempool is overloaded, We check our wallet and the transaction does not finish confirm or it is very slow because the network is saturated, looking at this page we will quickly clear up any doubts and see if the delay is due to excessive traffic of transactions pending confirmation.

You can check the data for Bitcoin and for other currencies, on the same page you have other graphs to see, Pending Transaction Fee in BTC, Mempool Size in MB.

Saturday, January 9, 2021

Paper Wallets

Finally we finish the section of the article on wallets to describe the wallet with the most acceptance for Hodlers, the Paper Wallet it is Open Source JavaScript Client-Side Bitcoin Wallet Generator and it is recommended to download from the original Github.

We must download the software on a USB and then run it on a computer that has never been connected to the Internet, once the mouse is open it moves through the indicated area and the public and private keys of the paper wallet will be generated along with the QR codes .
Now we have to print it and keep it in a safe place and at this address we can receive the transactions to our address.

Later we will include a small tutorial on how to use the paper wallet, since to receive funds there is no problem but to send you must follow a series of instructions so as not to have a surprise that could affect the total remaining.

Mobile Wallets

 

Of course, in the market there are also wallets for smart phones, some of the software wallet manufacturers have their application for the phone, this gives the user a lot of versatility since at any time from his phone or tablet he can carry out purchase operations or sale from anywhere and this is an advantage when you are away from home and it is necessary to make a transaction or check the available balance.
The most common is to have a small amount of cryptocurrencies in the mobile wallet to make small expenses and thus not expose the total funds.
The Mycelium Wallet App has a good press in the community.

Bitcoin Core Wallet

 

If you are reading this article, you are sure that you have Bitcoin or Satoshis on your exchange, there is a maxim that you should not forget, keep your coins safe, which you will have seen many times on the network.
This phrase is well known among bitcoiners:

"Not your keys, not your Bitcoin"

What does this mean?
It is very easy, if your coins are in an exchange and it is compromised it is almost certain that you will lose your coins or have a lot of problems to recover them, but if you have them in your wallet they are always safe.
Having your coins in your wallet implies responsibility, you are your own bank.
The official Bitcoin wallet is the desktop wallet developed by Bitcoin Core.
There are other types of wallet such as hardware wallets or mobile wallets.

Always download the wallet from the official Bitcoin website.

- Don't forget to put a strong password in your wallet.
- Always keep an external backup of your wallet.dat

Thursday, January 7, 2021

Bitcoin ATM


There are more and more ATMs installed in the world, this offers a lot of versatility to bitcoiners and is also a form of adoption for those new to Bitcoin, in a very simple and safe way they can make their first purchase.
The number ATM is 13,781

Coin ATM Radar
https://coinatmradar.com/

Wednesday, January 6, 2021

Bitcoin Price Map

https://www.bitcoinpricemap.com/
 

In this map we see the difference in Bitcoin prices in each country, at this moment the country with the highest Bitcoin price is Nigeria.

Arbitrage:

Bitcoin arbitrage is the operation of buying bitcoins on an exchange and selling them, where the price is highest.
Some people achieve the goal, but the result is not always as expected.

Bitcoin Forum

BitcoinTalk is a message board where people interested in the technical details and development of Bitcoin software can talk and debate with each other. The forum also has places for people interested in bitcoin mining, bitcoin trading, and the Bitcoin economy.
The current administrator of the forum is theymos and the founder Satoshi Nakamoto, currently it is the reference forum for Bitcoin worldwide.

Satoshi published his last message on December 13, 2010, since then no one knows about his whereabouts or identity, there have been many speculations about his identity but to this day he remains anonymous.

* General Statistics Bitcointalk

- Total Members: 2951043
- Total Posts: 55990164
- Total Topics: 1267210
- Total page views: 4795109378
 
 

How is the world debt going?

https://www.usdebtclock.org/index.html

This is a graph in real time of the global debt in each country, as you can see the debt is constant and this will be impossible to solve, the money every day that passes has less value.

World debt increased by more than $15 trillion last year to a record $277 trillion.