"Time Preference”- 33rd Edition
1) # Full nodes (reachable) - 18,040 (+17.09%)
2) # LN nodes - 13,622 (-1.15%)
3) LN capacity (BTC) - 4,802 (-3.59%)
4) BTC addresses > 1M sats - 12.54M (-0.53%)
5) BTC addresses > 10M sats - 4.56M (-0.16%)
6) BTC addresses > 100M sats - 1.019M (-0.08%)
7) Hashrate (EH/s) - 584 (+5.04%)
8) Price - $48,313 (+13.49%) (Sunday close)
9 Price/Hashrate - 83 (+8.05%)
10) Michigan businesses accepting BTC (btcmap.org) - 18 (+20%)
11) Routing Events - 3,190 (+452.86%)
12) Routing Sats - 1,953 (+41.62%)
* % change figures from prev.
SHIT, I'm late. It's Thursday and I was on a streak of posting first thing Monday for like 3 weeks straigh, oh well, such is life. Good news though, full nodes bounces back w/ a vengeance. Now at 18k, a 17% increase from what I was tracking. Not sure how much stock to put into this metric from bitnodes.io as it does bounce around a bit but I do like to simply watch trends over the weeks. Very glad to see this back above 18k. Still no movement on LN nodes and capacity, not sure what's going on there.
Addresses also pretty stagnant, slight declines in all 3 counts. Hashrate, no shocker - Another big week now bouncing on the door of 600. Reminder that this is up ~62% in the 33 weeks I've been doing this, wild! Price is up 58% in same time period so we're actually starting to catch up a little bit from a price standpoint.
My routing activity is moving! Not sure why, again, but a HUGE increase in number of events. Let's hope for some follow through!
"I'm a little cautious here on price action at least through the halving. We can't seem to get back over the $43k mark decisively and quite honestly need a couple months of consolidation in my opinion. Plus, the USD and interest rates are quite honestly scaring the shit out of me right now. Long term, nothing changes but short term we know a strong dollar an increase in rates are not friends of any commodity, especially the orange coin. Let's see. (queue a run up to $70k now that I've said that???)"
^This was my ending paragraph from last week's report. How'd we do? 😅
Have a great weekend! Get outside.
#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️