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

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BTC Market Update as of 8/9/2017
Bitstamp $3289
Okcoin 3M futures $3324
Futures Spread $35
BTC Market Cap $54.19B
Crypto Market Cap $123B
Maximalist Price $7340
Localbitcoins vol (24h) $6.2M
Network vol (24h) $1.2B
Avg Tx Value $4520
Mempool 37MB
Difficulty est. 7.2% in 1 days
Gold $1268
DXY 93.61
SPX500 2474

Sources: PricesLocalBitcoinsBlockchain VolumeDifficulty, Mempool, Gold, DXYSPX500


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.

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

Ansel Lindner Written by:

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