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…

Full Notes

PoW Bitcoin – 7/18/2017

Today, after a market update, we look at BIP91 signaling and some interesting coincidences there. Then we talk about Andrew Desantis’ meta analysis of bitcoin. Finally, I make Canaan miners the official mining hardware company of the show.

PoW Bitcoin – 7/12/2017

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   ETH has been crashing with no end in sight. There’s nothing holding this market up. There’s a possibility that we could see a relief rally/bull trap here, but I’ve been saying for a long time that there’s no actual use of ETH other than multiple ponzi schemes. Once a ponzi scheme starts failing to pay investors there’s very little that can stop it. When ICOs see that what they raised is turning to shit, they’ll sell, too. Everyone will raise and then sell immediately. Segwit2x testnet failure was blamed on bad guys on the internet. LOL Biggest story for today is Janet Yellen testimony at in front of Congress. She’s expected to talk about a balance sheet drawdown. We’ll see what the market thinks. Music by Joakim Karud

PoW Bitcoin – 7/10/2017

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 Evidence of spam transactions. This isn’t concrete evidence, obviously it’s circumstantial, but it’s convincing to me. The censorship crap has returned. Moderation isn’t censorship. If we all know your arguments and are bombarded with them daily, it’s not censorship. Emin Gun Sirer is back and he’s blackmailing Greg Maxwell to disavow Peter Todd. @el33th4xor sets the example for Cornell students that it's OK to blackmail uninvolved third parties because of your petty personal beefs. pic.twitter.com/9I7ohef4tC — Peter Todd (@peterktodd) July 9, 2017 Bitcoin Unlimited is having trouble finding devs. Their reasoning is classic. We are watching these devs get a lesson in consensus. BU miners should switch to UASF to get back at the wicked miners that have forsaken them. Looks like #BitcoinUnlimited is having a rough time attracting developers: pic.twitter.com/MUvrgoEXdD — grubles (@notgrubles) March 25, 2017   Music by Joakim Karud

PoW Bitcoin – 7/7/2017

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   This man gives us a glimpse at the megablockers true colors. 57% of my followers don't see the potential of bitcoin. The world's most free market will make everyone rich :) pic.twitter.com/bjF2kKJeoC — Ryan X. Charles (@ryanxcharles) July 6, 2017 Here is the best response and the sentiment I wholeheartedly share. The divide in Bitcoin comes down to those who think Bitcoin exists to increase freedom vs. those who thinks it exists to make them rich. — Alphonse Pace (@alpacasw) July 6, 2017 This is the crazy developing Bitmain’s bitcoinABC client for their hard fork countermeasure to UASF. They are stripping Segwit and being uber-political. Music by Joakim Karud

PoW Bitcoin – 6/24/2017

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