PoW Bitcoin: “Bitcoin Foundations” – 8/21/2017

Sponsored by: YOU on Patreon Direct contribution (bitcoin only): 1EZhWzpQkuMa63uwF8qYxbLeqk7MgEQ8oK Subscribe: Soundcloud, iTunes, Stitcher Follow: Host Twitter, Show Twitter If you like the show, Share and Like on soundcloud, or review on iTunes! Sources: Prices, LocalBitcoins, Blockchain Volume, Difficulty, Mempool, Gold, DXY, SPX500 Full on BitPay boycott is happening. They’ve lied to their customers and everyone knows it. Bitmain is the major hurdle for bitcoin. They have huge plans for a brand new chip, and not in bitcoin. Bitfury is not going away. They have been the company that Russians are talking to for their new mining operation. Other chip makers are sure to go past GPUs to ASICs in the near future, right as Bitmain is going after a new market. First bitcoin transaction received via satellite. From Adam Back of course. A dawn of a new phase. Jeff Garzik and company of B2X aren’t going to change the world by copy & pasting Core updates into btc1. Keep bitcoin decentralized. The US Congress is doing what they do, trying to coopt better men’s inventions. Be vigilant of the sick fascination with mainstream adoption. Bitcoin will get there on it’s own. It doesn’t need the govt help. Music by Joakim Karud

PoW Bitcoin: “Bitcoin In Space” – 8/17/2017

Sponsored by: YOU on Patreon Direct contribution (bitcoin only): 1EZhWzpQkuMa63uwF8qYxbLeqk7MgEQ8oK Subscribe: Soundcloud, iTunes, Stitcher Follow: Host Twitter, Show Twitter If you like the show, Share and Like on soundcloud, or review on iTunes! Sources: Prices, LocalBitcoins, Blockchain Volume, Difficulty, Mempool, Gold, DXY, SPX500 Blockstream Goes To Space I recently used Changelly and it was a great service. Where Shapeshift took 2-3 days and didn’t even complete a transaction, Changelly was done in about 2 hours round trip. Adoption is not an issue. Richard Heart says he wants to increase adoption and market bitcoin with an ICO. He’d be better off buying bitcoin with that.   Music by Joakim Karud

PoW Bitcoin: “Pause in the Bitcoin Price” – 8/15/2017

Sponsored by: YOU on Patreon Direct contribution (bitcoin only): 1EZhWzpQkuMa63uwF8qYxbLeqk7MgEQ8oK Subscribe: Soundcloud, iTunes, Stitcher Follow: Host Twitter, Show Twitter If you like the show, Share and Like on soundcloud, or review on iTunes! Sources: Prices, LocalBitcoins, Blockchain Volume, Difficulty, Mempool, Gold, DXY, SPX500   Samourai Wallet and Zerolink “The ZeroLink framework provides wallet developers with the theory and tools they need to implement trustless, fast, and cheap mixing in the bitcoin wallet.” Music by Joakim Karud

PoW Bitcoin: “Did Something Just Break In Stocks?” – 8/11/2017

Sponsored by: YOU on Patreon Direct contribution (bitcoin only): 1EZhWzpQkuMa63uwF8qYxbLeqk7MgEQ8oK Subscribe: Soundcloud, iTunes, Stitcher Follow: Host Twitter, Show Twitter If you like the show, Share and Like on soundcloud, or review on iTunes! Sources: Prices, LocalBitcoins, Blockchain Volume, Difficulty, Mempool, Gold, DXY, SPX500 Zap: A Lightning Wallet Guys this is exciting. Lightning is going to absolutely take off. The list of dissenting businesses to the Nov2x NYA The list is growing and unofficial, but it makes a huge point. The NYA is only about 1-5% of businesses. Did Something Just Break in Stocks? The VIX Volatility Index Spike I called this a couple episodes ago. Traders on futures were RECORD HIGH net SHORT! Pain. 60% move. SPX500 breakdown Turns out stocks don’t like Trump talking about Global Thermonuclear War At long term trend line support, Risk-off Globally stocks sold off, US markets starting to catch up. Music by Joakim Karud

PoW Bitcoin: “Bitcoin Upgrades and the Future” – 8/9/2017

Sponsored by: YOU on Patreon Direct contribution (bitcoin only): 1EZhWzpQkuMa63uwF8qYxbLeqk7MgEQ8oK Subscribe: Soundcloud, iTunes, Stitcher Follow: Host Twitter, Show Twitter If you like the show, Share and Like on soundcloud, or review on iTunes! Sources: Prices, LocalBitcoins, Blockchain Volume, Difficulty, Mempool, Gold, DXY, SPX500 Russia About to Get Into the Bitcoin Mining Game The two most notable gold hoarders, China and Russia, are now seriously talking about bitcoin mining as something in their national interest. Bitcoin Core 0.15 is going to be released and it’s going to ban all 2x nodes signaling for 2x as a self defense mechanism. The 2x guys are out of their depth here. Vinny Lingham was on Vortex’s Bitcoin Show and was destroyed by Bitcoin Error Log an Gabriel D Vine. 1/ Now that SegWit is locked in and that we can all breathe a sigh of relief, here’s a big tweetstorm about the upcoming HF (1/59): — Hubert ⚡️ (@hubert_btc) August 8, 2017 Big Tweetstorm by @Soveriegn_ind. He made several good points, like the general consensus claimed by 2x is wack, and Jihan, bitcoincom and ViaBTC have broken the agreement already with BCH. Bitcoin is very healthy here. There’s going to be lots of bullish news coming out in the wake of Segwit activation. Call out FUD if you see it. Fire and Fury Trump is just using bombastic language, right back at Kim Jung Un after his crazy statements. Trump is definitely watching Game of Thrones on his vacation. Fed Discontinues Use of Labor Market Index Yellen’s favorite jobs indicator is being abandoned because it doesn’t fit the narrative. Another example of the Fed not dealing with reality. Music by Joakim Karud

PoW Bitcoin – 8/6/2017

Sponsored by: YOU on Patreon Direct contribution (bitcoin only): 1EZhWzpQkuMa63uwF8qYxbLeqk7MgEQ8oK Subscribe: Soundcloud, iTunes, Stitcher Follow: Host Twitter, Show Twitter If you like the show, Share and Like on soundcloud, or review on iTunes! Sources: Prices, LocalBitcoins, Blockchain Volume, Difficulty, Mempool, Gold, DXY, SPX500 Segwit lock in on the network is 3 days away! All hurdles have been handled. New money waiting on traditional finance to send wires to exchanges. The New Bitcoin Cash!!! Bcash has mined 100 blocks. Block rewards aren’t spendable until 100 blocks deep. Watch for more dumping to start as miners can now sell their reward. Vinny changes his tune. He was protecting bitcoin from a bubble I guess. Did he now call the swing high? On reflection, I was wrong to try to prevent a #Bitcoin bubble. Missed big gains, but getting back in. Bitcoin needs bubbles & busts to win! — Vinny Lingham (@VinnyLingham) August 6, 2017 I was on Adam Meister’s Show this friday. I got a little heated when Lorien from South Africa started talking about increasing the block size to be inclusive in Africa. Ryan X Charles did a poll on twitter about whether Yours should use Litecoin or Bcash. Idiot. Please use #bcash! pic.twitter.com/IjdTCVwsLi — bitcoiner (@AnselLindner) August 4, 2017   Dead Market Walking Volatility is at all time lows for the stock market. Short interest in the VIX is at all time highs. Article The Swamp is Undrainable – No Shit Article Job Numbers Released last week for the US, and they showed significant improvement. However, the little secret is that part-time jobs are counted the same as full-time jobs. While part-time jobs increased by 393,000, full-time jobs declined by 54,000. Music by Joakim Karud

PoW Bitcoin – 8/3/2017

Sponsored by: YOU on Patreon Direct contribution (bitcoin only): 17ojFGrjczRtoAznoa1K4PZGvUSQ695hQX Subscribe: Soundcloud, iTunes, Stitcher Follow: Host Twitter, Show Twitter If you like the show, Please Share, comment on soundcloud, or review on your podcast app! Sources: Prices, LocalBitcoins, Blockchain Volume, Difficulty, Mempool, Gold, DXY, SPX500 My initial reaction to bcash fork was thank God we are rid of the megablockers. Bitcoin is free. Tax implications Until there’s a better way to sell, like bitsquare or localbitcoins, I won’t. Bitch coin was a non-event in my mind. The biggest thing it did was invalidate a lot of Technical Analysis. Overall, bcash is a centralized coin. 10s of nodes on AWS, only a few miners.Bitcoin gets it’s value from decentralization and censorship resistance. That’s what makes it a good store of value and form of money. Coinmarketcap.com’s traffic exceeded FT Great point by Peter Todd, miners aren’t in charge in bcash either, so slow blocks won’t be the cause of failure. Remember that if #Bcash can't succeed just because of a temporary shortage of hashing power, it suggests BTC miners have control. Not good. — Peter Todd (@peterktodd) August 3, 2017 Poloniex went down and people were getting worried. They’ve come back from what I can tell. No big altcoin massacre happened, which is surprising. Everyone was looking at bitcoin and bcash. Music by Joakim Karud

PoW Bitcoin – 7/29/2017

Sponsored by: YOU on Patreon Direct contribution (bitcoin only): 17ojFGrjczRtoAznoa1K4PZGvUSQ695hQX Subscribe: Soundcloud, iTunes, Stitcher Follow: Host Twitter, Show Twitter If you like the show, Please Share, comment on soundcloud, or review on your podcast app! Sources: Prices, LocalBitcoins, Blockchain Volume, Difficulty, Mempool, Gold, DXY, SPX500 BTC-e Gone For Good? BTC-e is down. It’s not coming back. This was one of the oldest exchanges in bitcoin. I liked the anonymous no KYC aspect and was a big supporter of them. It turns out that 95% of ransomware and other hacks were going through btc-e. I don’t think they’ll come back. Bitpay No Comprendo Bitpay released a blog post where they talked about how consensus rules are created by miners. It’s no surprise they don’t get it. They are owned by Bitmain, they are slaves to miners. I recommend everyone boycott Bitpay. Whale Panda on Zerohedge There was quite a big post on ZH that used Whale Panda’s tweets about the bitcoin cash thing. His theory is Roger and Jihan will buy all the BCC coins cheap and then when 2x inevitably fails they’ll socially engineer a pump of BCC. One that’s very expensive to set up. Two, there’s no guarantees it’ll work. Three, very very few people know about BCC in the first place, and one a few traders that know what they are doing will dump BCC. I think there’ll be very little volume, very few bids.   Music by Joakim Karud

PoW Bitcoin – 7/22/2017

Sponsored by: YOU on Patreon Direct contribution (bitcoin only): 17ojFGrjczRtoAznoa1K4PZGvUSQ695hQX Subscribe: Soundcloud, iTunes, Stitcher Follow: Host Twitter, Show Twitter If you like the show, Please Share, comment on soundcloud, or review on your podcast app! Sources: Prices, LocalBitcoins, Blockchain Volume, Difficulty, Mempool, Gold, DXY, SPX500 Segwit Locks In – Special Thanks What a great day. Segwit has locked in, in just a few more blocks a process exactly like UASF will to into effect, where non-SW signaling blocks will be rejected forcing segwit to be activated on the next difficulty period. Special thanks for all their efforts during this long fight, specifically this UASF fight over the past couple of months goes to: Shaolinfry, Luke Dash Jr., Eric Lombrozo, James Hilliard, Samson Mow, Rodolfo Novak, MrHodl, Alphonse Pace, Slush pool, Tone Vays, Dan Darkpill, and John Light. I know I’ve missed many, but those are the big ones that stick out to me. For those countless people and projects that are running 148 nodes like Bisq, Samourai, even microsoft with Daniel (@csuwildcats on twitter), thank you. You can see a full list on uasf.co. Thanks also to all the people that bought hats, changed their twitter names, and gave their general support. And to all the haters, shills, sock puppets, members of the anti-bitcoin coup, altcoin pushers, charlatan FUDsters, you lose. Bitcoin is intact, it’ll scale, your altcoins and rent seeking businesses are about to die. Sayonara. Don’t lose your focus here though. Keep your BIP148 nodes running. Keep the pressure up. Segwit is still not activated.   Music by Joakim Karud

PoW Bitcoin – 7/20/2017

Sponsored by: YOU on Patreon Direct contribution (bitcoin only): 17ojFGrjczRtoAznoa1K4PZGvUSQ695hQX Subscribe: Soundcloud, iTunes, Stitcher Follow: Host Twitter, Show Twitter If you like the show, Please Share, comment on soundcloud, or review on your podcast app! Sources: Prices, LocalBitcoins, Blockchain Volume, Difficulty, Mempool, Gold, DXY, SPX500 BIP91 Signaling As I’m recording this we need 68 out of the next 86 blocks to signal bit4 to lock in segwit. That’s 79%. Current signaling level is 83%. So that should happen, but it could still miss by one or two blocks due to variance. I wasn’t expecting it to activate this period, but if it does hold on tight. This price could moon up to ATHs around $3000 or more before any serious pullback. Please consider donating to XBT.EU for their amazing charts and info they’ve given to the community. I recently just realized this site is connected to Samourai Wallet, too. Those guys are killing it. They need out support. Ethereum Parity Wallet Hack Yesterday the 19th, the Parity wallet in ethereum was graphically exploited. Their smart contract used to create multi-sig apparently was buggy. The hacker only took $32M out of over $100M possible. A “white hat” group “saved” the rest. I don’t know about you but for me the white hat group wouldn’t make me feel more secure with my eth. It’s like a hacker war. So why only the $32M? Why not take it all? The DAO hacker taught people a lot. If you take too much of the pie, they’ll Hard Fork, also the price could be hugely affected to the down side. The DAO hacker hasn’t been able to sell his stolen ETC, but they surely profited from the corresponding market sell off. I’d almost guarantee the hacker was trying to minimize HF risk, while also being able to profit on a…

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