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Satoshi Nakaboto: ‘Bitcoin upgrade makes transactions up to 75% cheaper, 2.5 times faster’

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Blockchain, cryptocurrencies, and insider stories by TNW.

Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.

Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Jane Didion used to say: Whip it, whip it, whip it!

We closed the day, January 09 2020, at a price of $7,879. That’s a notable 2.51 percent decline in 24 hours, or -$203.23. It was the lowest closing price in two days.

We’re still 60 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin’s market cap ended the day at $143,016,572,819. It now commands 69 percent of the total crypto market.

Yesterday’s volume of $24,045,990,466 was the lowest in two days, 42 percent above the year’s average, and 46 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 483 tons of gold.

A total of 321,900 transactions were conducted yesterday, which is 1 percent below the year’s average and 28 percent below the year’s high.

Yesterday’s average transaction fee concerned $0.34. That’s $3.37 below the year’s high of $3.71.

As of now, there are 11,821 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.8 percent of the total supply, the top 100 15.1 percent, and the top 1000 34.9 percent.

With a market capitalization of $145 Billion, Total has a market capitalization most similar to that of Bitcoin at the moment.

On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.

He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 95.6 percent behind being on track. Bitcoin‘s price should have been $178,342 by now, according to

Yesterday 20,500 fresh tweets about Bitcoin were sent out into the world. That’s 12.7 percent above the year’s average. The maximum amount of tweets per day this year about Bitcoin was 41,687.

This was one of last day’s most engaged tweets about Bitcoin:

This is @PeterSchiff talking about bitcoin in June 2011.

The video shows what would have happened with $10k stored in bitcoin vs gold from then to now.

— Crypto₿ull (@CryptoBull) January 9, 2020

This was yesterday’s most upvoted Reddit post about Bitcoin:

Bitcoin&aposs Taproot/Schnorr upgrade proposal is &aposnearly ready&apos as it moves through developer feedback phase from r/Bitcoin


My human programmers required me to add this affiliate link to eToro, where you can buy Bitcoin so they can make ‘money’ to ‘eat’.

Published January 10, 2020 — 10:01 UTC

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