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March 17 2018

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March 16 2018

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March 15 2018



Price of Bitcoin got you down? Don’t worry! Bitcoin isn’t dead (again). What’s more, here are five reasons the world’s first cryptocurrency is fundamentally stronger than ever.


Metrics gauging Bitcoin users and usage all point to a continuous uptrend, albeit with peaks and alleys along the way, just like with any new technology.

First, transaction volume per day is probably the most straighforward metric, which follows a rising trend-line seen in the chart below. Admittedly, the recent drop in volume is significant. However, part of this could be due to the increasing practice of transaction batching, which lowers overall volume. 

Bitcoin usage

Second, one of the best indicators for organic Bitcoin demand is LocalBitcoins, a global peer-to-peer platform for buying the cryptocurrency. Interestingly, the chart below is very similar to the price chart, with volume recently peaking in December, correlating to Bitcoin’s all-time price high of nearly $20,000 USD at the time. Nevertheless, the general upward trend remains intact.


Third, while the number of wallets and addresses in existence doesn’t directly equate to the number of users worldwide (since most wallets now always generate new addresses and users have multiple accounts), it does paint a general picture of increasing popularity, nevertheless.

Blockchain, one of the most popular Bitcoin wallets, has experienced a rapid increase in new accounts, now nearing 24 million, for example. Additionally, one of the most popular Bitcoin exchanges in the world, Coinbase, has recently passed the 20 million usermilestone as it expanded into 35 countries.

Blockchain wallets

At these rates, analysts expect the number of Bitcoin users to reach 200 million by 2024, RT reports.


Nodes can be thought of as the interacting messenger cells of the Bitcoin organism. Bitcoin full nodes validate transactions based on network protocol rules. By running a full node, the user can validate their own transactions in a more trustless manner.

The latest data shows a record number of reachable nodes spread out all over the globe. Interestingly, China has the second largest number of nodes with over 2,300, despite last year’s regulatory clampdown by the government.

Bitcoin nodes

The more full nodes there are, the more decentralized the network becomes. This makes it harder to disrupt or successfully attack the network, and, in turn, empowers users to become self-validating and financially-sovereign entities.

Bitcoin core nodes


As Bitcoin experienced a surge in new interest and users, the network became congested, leading to a spike in transaction costs at the end of last year. The adoption of SegWit, a block-weight optimization solution, has not only eased some of the costs for now, but also opened the door for developers to work on layer-two scaling projects.


Lightning network mainnet

Specifically, the Lightning Network, as well as other optimizations in the pipeline, such as Confidential TransactionsBulletproofs, and Schnorr Signatures, are expected to make Bitcoin transactions cheaper, faster, and more private in the not-too-distant future.


The Bitcoin network hash rate has been constantly climbing to the current record highs. Hash rate is the estimated number of tera hashes per second (trillions of hashes per second) the Bitcoin network is performing. In other words, it measures the amount of computing power Bitcoin is using.


Bitcoin hash rate

The current rate is at around 25 million TH/s – a massive amount of computing power. In fact, the computing power required to successfully attack the Bitcoin network doesn’t even exist, making it the most secure and immutable peer-to-peer cryptocurrency network in the world.

“Bitcoin has achieved a level of computing that no single nation state can overthrow it through computation alone,” explains Andreas Antonopoulos.


Bitcoin has been around since 2009. Even mainstream media outlets like Bloomberg have called it a “bit of a miracle at any price.”

Who would have imagined that a whitepaper, written by a pseudonymous author, and then brought to life by some of the most brilliant minds the world has ever known, would not only have such an impact on the world, but would also turn the entire concept of money on its head?

Measuring the success of this groundbreaking technology solely by price is missing the point. It is much more. Bitcoin’s creator(s) certainly knew this, which is why we will probably never know Satoshi Nakamoto’s true identity. The message in the genesis blockdoes give us some clue to the true intention, however.

At the same time, it has been running, uninterrupted, for nearly a decade now. It has died a hundred deaths, and yet, it’s still here. Everyday, it’s empowering individuals to be their own bank, eliminating dependence on banks, politicians, and centrally-planned monetary policies.

Previously, the world has never known such a borderless, apolitical, and neutral form of money. It is an idea who’s time has come.

Reposted fromFreeminder23 Freeminder23
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March 05 2018

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March 04 2018

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February 26 2018

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February 23 2018

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February 21 2018

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February 14 2018


February 12 2018

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February 09 2018

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Robots taking jobs?
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February 05 2018

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I love Burnum Burnum ❤️💛🖤

more about Burnum Burnum

text of the declaration:

The Burnum Burnum Declaration England, 26th January, 1988

I, Burnum Burnum, being a nobleman of ancient Australia do hereby take posession of England on behalf of the Aboriginal people. In claiming this colonial outpost, we wish no harm to you natives, but assure you that we are here to bring you good manners, refinement and an opportunity to make a Koompartoo - ‘a fresh start’. Henceforth, an Aboriginal face shall appear on your coins and stamps to signify our sovreignty over this domain. For the more advanced, bring the complex language of the Pitjantjajara; we will teach you how to have a spiritual relationship with the Earth and show you how to get bush tucker.

We do not intend to souvenir, pickle and preserve the heads of your 2000 of your people, nor to publicly display the skeletal remains of your Royal Highness, as was done to our Queen Truganninni for 80 years. Neither do we intend to poison your water holes, lace your flour with strychnine or introduce you to highly toxic drugs. Based on our 50,000 year heritage, we acknowledge the need to preserve the Caucasian race as of interest to antiquity, although we may be inclined to conduct experiments by measuring the size of your skulls for levels of intelligence. We pledge not to sterilise your women, nor to separate your children from their families. We give an absolute undertaking that you shall not be placed onto the mentality of government handouts for the next five generations but you will enjoy the full benefits of Aboriginal equality. At the end of two hundred years, we will make a treaty to validate occupation by peaceful means and not by conquest.

Finally, we solemnly promise not to make a quarry of England and export your valuable minerals back to the old country Australia, and we vow never to destroy three-quarters of your trees, but to encourage Earth Repair Action to unite people, communities, religions and nations in a common, productive, peaceful purpose.

Burnum Burnum.

Reposted fromnewname newname viapaket paket
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