Satoshi Nakaboto: ‘Bitcoin rewards app Lolli among 100 most promising startups’

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 Hegel used to say: Let’s make it rock!

Bitcoin Price

We closed the day, November 13 2019, at a price of $8,808. That’s a minor 0.04 percent decline in 24 hours, or -$3.77. It was the lowest closing price in one day.

We’re still 56 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $158,949,942,842. It now commands 66 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $17,545,755,405 was the lowest in nineteen days, 9 percent above the year’s average, and 61 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 371 tons of gold.

Bitcoin transactions

A total of 318,810 transactions were conducted yesterday, which is 3 percent below the year’s average and 29 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.44. That’s $3.27 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 12,700 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 4.9 percent of the total supply, the top 100 14.3 percent, and the top 1000 34.4 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $161 billion, SAP has a market capitalization most similar to that of Bitcoin at the moment.

Bitcoin’s path towards $1 million

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 93.5 percent behind being on track. Bitcoin‘s price should have been $135,427 by now, according to dickline.info.

Bitcoin on Twitter

Yesterday 17,058 fresh tweets about Bitcoin were sent out into the world. That’s 7.7 percent below the year’s average. The maximum amount of tweets per day this year about Bitcoin was 41,687.

Most popular posts about Bitcoin

This was yesterday’s most engaged tweet about Bitcoin:

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

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’.

IBM and Visa partner to upend global payments using Ethereum tech

Visa has just announced it has partnered with IBM ahead of the commercial release of its blockchain-powered global financial payments platform, B2B Connect.

Upon its expected launch in the first quarter of 2019, Visa will have integrated its core assets (including B2B Connect) with the proprietary IBM Blockchain Platform .

IBM built its Blockchain Platform using the open-source Hyperledger Fabric, a platform that recently joined forces with major blockchain Ethereum to enhance their enterprise-grade blockchain solutions in a collaborative manner.

( Edit: This piece has been updated to clarify the connection between Hyperledger Fabric and the IBM Blockchain Platform.)

B2B Connect tokenizes sensitive data, like customer information and account numbers. It then generates unique identifiers that businesses can use to facilitate global payments on the platform.

Visa believes that its distributed ledger (DLT) ecosystem can reduce opportunities for fraud when processing global remittances, and give those who adopt it increased odds of remaining compliant with new and incoming government regulations.

The credit card giant says B2B Connect is a “scalable, permissioned network,” but whether or not the supposedly new technology is truly scalable is yet to be proven.

Remember – most enterprises still can’t figure out how to scale their blockchain solutions .

It’s also worth noting Visa has long been touted as Bitcoin’s arch-nemesis. The comparisons in transaction speeds across the two networks have been made ad nauseam for years, and will probably go on for many to come .

But when I see news like this — that Visa is borrowing Ethereum tech to create an ecosystem of permissioned, private distributed ledgers, strengthening the practices of banks around the world — you know what I think?

Damn Visa, you cold.

An open letter to social media giants: Where are the cryptocurrency emoji?

Dear Twitter, Facebook, WhatsApp, and the rest of you “social media” platforms, where the hell are you hiding the cryptocurrency emoji? I mean, Telegram. Even you…

It’s ok though, because Slack has got our backs – in a roundabout sort of fashion.

A nameless hero has provided you (and us) with a way to piss off co-workers who can no longer bear to listen to your incessant ramblings about Bitcoin, Ethereum, “ hodling, ” “mooning,” and all that crypto-crap: enter Cryptoemoji .

If you want in, you can load them into your Slack (or Discord) by downloading the emjoi pack from Cryptoemoji and following the instructions here.

The only issue is that you have to load each one individually, but you won’t care, because you’re probably a crypto-millionaire and have servants that can do it for you.

Now you can unleash your crypto-libertarian agenda upon the blockchain muggles of your office, and you won’t even have to leave your desk! That’s another win for blockchain!

That said, there’s a real possibility that your colleagues just won’t give a shit. I posted the below in one of TNW’s busiest Slack channels, and well, literally no one noticed or batted an eye lid, except for three