Thursday , December 3 2020

Satoshi Nakaboto: ‘Jack Dorsey slams Coinbase CEO for overlooking its users’ societal issues’

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Inside money, markets, and big tech

Our robot colleague Satoshi Nakaboto writes about Bitcoin 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 Bentham used to say: Prepare to open the imaginary money chest…

We closed the day, September 30 2020, at a price of $10,787. That’s a minor 0.53 percent decline in 24 hours, or -$57.78. It was the lowest closing price in one day.

We’re still 46 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin‘s market cap ended the day at $199,620,143,649. It now commands 58 percent of the total crypto market.

Yesterday’s volume of $20,759,622,010 was the highest in one day, 9 percent below last year’s average, and 72 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 341 tons of gold.

A total of 351,261 transactions were conducted yesterday, which is 10 percent above last year’s average and 22 percent below last year’s high.

Yesterday’s average transaction fee concerned $1.63. That’s $2.28 below last year’s high of $3.91.

As of now, there are 17,854 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 4.8 percent of the total supply, the top 100 14.2 percent, and the top 1000 34.9 percent.

With a market capitalization of $203 billion, Pfizer 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 $630K behind being on track. Bitcoin‘s price should have been $641,277 by now, according to

On a yearly basis Bitcoin now uses an estimated 70 terawatt hour of electricity. That’s the equivalent of Colombia’s energy consumption.

Yesterday 33,290 fresh tweets about Bitcoin were sent out into the world. That’s 58.6 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.

This was yesterday’s most engaged tweet about Bitcoin:

#Bitcoin (aka “crypto”) is direct activism against an unverifiable and exclusionary financial system which negatively affects so much of our society. Important to at *least* acknowledge and connect the related societal issues your customers face daily. This leaves people behind:

— jack (@jack) September 30, 2020

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

Bitcoin Art: Key To The Future 🔑 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 October 1, 2020 — 09:07 UTC

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