PoW Bitcoin – 8/6/2017

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BTC Market Update as of 8/6/2017
Bitstamp $3178
Okcoin 3M futures $3273
Futures Spread $100
Localbitcoins vol (24h) $4.5 mil
Network vol (24h) $983 M
Avg Tx Value $4102
Mempool 1MB
Difficulty est. 6.8% in 3 days
BTC val density $415k/MB
Gold $1251
DXY 93.49
SPX500 2476

Sources: PricesLocalBitcoinsBlockchain VolumeDifficulty, Mempool, Gold, DXYSPX500


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?

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.

 

Dead Market Walking

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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

Ansel Lindner Written by:

Ansel is a bitcoin specialist, economist, and podcast host.