“Time Preference”- 16th Edition (a little late)

1) # Full nodes (reachable) - 16,833 (+0.81%)

2) # LN nodes - 14,239 (-1.01%)

3) LN capacity (BTC) - 5,420 (+2.36%)

4) BTC addresses > 1M sats - 12.31M (-0.29%)

5) BTC addresses > 10M sats - 4.49M (+0.05%)

6) BTC addresses > 100M sats - 1.02M (-0.11%)

7) Hashrate (EH/s) - 446 (+3.24%)

8) Price - $27,174 (-2.72%) (Sunday close)

9 Price/Hashrate - 61 (-5.77%)

10) Michigan businesses accepting BTC (btcmap.org) - 21 (n/c)

* % change figures from prev.

Continuation in LN capacity increase! This is great to see. We're firmly back above 5,000 BTC and halfway to 6,000 already, up from 4,700 BTC at the beginning of October. Pretty large increase in that time (almost 15%) - Bigger players deploying some BTC to the network? Unfortunately I'd like to see LN nodes increase w/ it but that's the reality of where we're at in LN right now. Nodes down and capacity up. It seems as we grow it comes at the cost of centralization and I don't know there is any way around that.

Hashrate continues to rip and I think this is the biggest, yet least talked about divergence in all of Bitcoin. I've mentioned it in previous editions but Hashrate is over 4X what it was in mid-2021 when BTC was the same price as it is today. This is mind-boggling and bullish to me at the same time.

Other metrics flat to down. I'd like to see addresses tick up again, perhaps with a need for financial security in all the mess throughout the world. When that happens is as good of a guess as any.

Have a great week!

#bitcoin #timepreference #mining #lightningnetwork⚡️