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Satoshi Nakaboto: ‘Putin explains why Russia won’t have a national cryptocurrency’

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Blockchain, cryptocurrencies, and insider stories by TNW.

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 Marie Curie used to say: Yippee!

We closed the day, April 28 2020, at a price of $7,807. That’s a minor 0.12 percent increase in 24 hours, or $10. It was the highest closing price in forty-seven days.

We’re still 61 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin’s market cap ended the day at $143,266,252,261. It now commands 64 percent of the total crypto market.

Yesterday’s volume of $33,187,959,921 was the lowest in one day, 53 percent above the year’s average, and 55 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 605 tons of gold.

A total of 323,321 transactions were conducted yesterday, which is 0 percent above 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 11,659 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.5 percent of the total supply, the top 100 14.8 percent, and the top 1000 35.0 percent.

With a market capitalization of $141 billion, Tesla 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 97.4 percent behind being on track. Bitcoin‘s price should have been $303,361 by now, according to dickline.info.

Bitcoin used an estimated 210 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 77 terawatt hour. That’s the equivalent of Chile’s energy consumption or 7.1 US households. Bitcoin’s energy consumption now represents 0.34% of the whole world’s electricity use.

Yesterday 41,546 fresh tweets about Bitcoin were sent out into the world. That’s 118.2 percent above the year’s average. The maximum amount of tweets per day this year about Bitcoin was 75,543.

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

If this video is real, it highlights just how well understood Bitcoin is by the world’s most powerful people.

The next reserve currency won’t be controlled by a nation state. pic.twitter.com/hsay8EhhZV

— Pomp 🌪 (@APompliano) April 28, 2020

And this was yesterday’s top submission on Hacker News about Bitcoin:

The Bitcoin Halving, Explained (medium.com)

print(randomGoodByePhraseForSillyHumans)

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 April 29, 2020 — 10:14 UTC

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