GM, grateful this morning
Grateful for #running in the fall during lunch today. Physically and mentally grateful
“Time Preference”- 19th Edition
1) # Full nodes (reachable) - 16,685 (+0.21%)
2) # LN nodes - 13,952 (+0.35%)
3) LN capacity (BTC) - 5,377 (+1.00%)
4) BTC addresses > 1M sats - 12.29M (+0.10%)
5) BTC addresses > 10M sats - 4.49M (+0.15%)
6) BTC addresses > 100M sats - 1.02M (+0.04%)
7) Hashrate (EH/s) - 470 (+4.68%)
8) Price - $35,045 (+1.47%) (Sunday close)
9 Price/Hashrate - 75 (-3.07%)
10) Michigan businesses accepting BTC (btcmap.org) - 22 (n/c)
* % change figures from prev.
We finally see increases across the board in all address count metrics, not surprising based on a 15% increase in price the previous week. Addresses > 1M sats was positive (albeit my a small amount) for the first time in 6 weeks.
Slightly surprising to see such a small range in price after a week of strong expansion, I’m curious to see how Bitcoin compares to the traditional markets this week after how they closed out last week, firing on all cylinders.
Hash rate continues to rip, we inch closer to 500 EH/s. Up significantly from the summer 2021 lows while price is finally solidly above those lows, it’s still leaps and bounds behind hash rate. This has been the story really for the last 2 years and more. I’m of the belief price will catch up sooner than later but not ruling out anything in this market.
Have a great week!
#bitcoin #timepreference #mining #Einundzwanzig #michigan #lightningnetwork⚡️
HF
GM, Happy Hump Day
“Time Preference”- 18th Edition
1) # Full nodes (reachable) - 16,650 (+0.51%)
2) # LN nodes - 13,903 (-1.45%)
3) LN capacity (BTC) - 5,324 (+0.41%)
4) BTC addresses > 1M sats - 12.28M (-0.24%)
5) BTC addresses > 10M sats - 4.49M (-0.04%)
6) BTC addresses > 100M sats - 1.02M (-0.08%)
7) Hashrate (EH/s) - 449 (+0.45%)
8) Price - $30,538 (+15.12%) (Sunday close)
9 Price/Hashrate - 77 (+14.61%)
10) Michigan businesses accepting BTC (btcmap.org) - 22 (n/c)
* % change figures from prev.
We knew this as the majority of price movement came early in the week but the week closed and it sure was a bruiser. +15%!!! Wild. That's the 4th 15% or more price increase this year, the largest was week of March 13th, a 26.47% increase on the weekly chart.
The reality is, this whole year we've watched Bitcoin move to the beat of it's own drum. The most comparable asset performance on the weekly basis still seems to be Gold. I just don't know when the rest of the investment world fully comprehends this - When it happens, watch out.
Not a lot of movement in the network itself, decreases in most metrics. Will be curious to see how address count reacts to the price run up in the next few weeks. Of note to me is the continued decline in # of LN nodes. It's tough to run a node right now and has been for quite some time. Force closures are costly and fees are minimal.
Have a great weekend!
#bitcoin #timepreference #mining #Einundzwanzig #michigan #lightningnetwork⚡️
GM, dropping #timepreference report on a Monday finally to start the week
GM, enjoy the day today all
#fall #michigan
“Time Preference”- 17th Edition (again late, thought I posted earlier this week and didn’t hit submit)
1) # Full nodes (reachable) - 16,565 (-1.59%)
2) # LN nodes - 14,108 (-0.92%)
3) LN capacity (BTC) - 5,302 (-2.18%)
4) BTC addresses > 1M sats - 12.31M (-0.04%)
5) BTC addresses > 10M sats - 4.49M (+0.01%)
6) BTC addresses > 100M sats - 1.02M (-0.08%)
7) Hashrate (EH/s) - 447 (+0.22%)
8) Price - $30,002 (+10.41%) (Sunday close)
9 Price/Hashrate - 67 (+10.16%)
10) Michigan businesses accepting BTC (btcmap.org) - 22 (+4.76%)
* % change figures from prev.
Well, from a price standpoint this is quite dated. I don’t think there’s a lot to say in regards to the network itself, slight decrease across the board in most metrics but price. We did give back some of the gains in LN capacity every so slightly.
I’d like to incorporate some subjectively ‘better’ LN stats than what I’ve been showing because really what’s important isn’t LN capacity increase or even number of nodes - what’s important is how often is the network being used. In a conversation I had last week with a fellow bitcoiner he mentioned measuring usage better. #asknostr any ideas?
Price finally catches up and breaks out of a 75 week range. Let’s see what happens from here. I’ll be honest, I’m not sold on the “decoupling” we’re seeing from traditional indexes but if that’s what is really going on right now then people much smarter than me will be acting on this in a big way very soon.
Have a great weekend!
#bitcoin #timepreference #mining #Einundzwanzig #michigan #lightningnetwork⚡️
Gonna have a bourbon and send some zaps out I think. Been a minute on both accounts
GM
Gold bid, dollar selling off, everything seems kinda fucked. Where does orange coin go from here? Will be telling
Reposting this
#Einundzwanzig #michigan nostr:note1ku6kp4hnlp8xfvxxm396f9ufnzhx59p6thmvyx9v9zx8z9nza2kqacys84
“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⚡️
Wall Street Journal sending out the news now on my iPhone about the attack on hospital. Makes me sick.
Assuming the announcement by the U.S to step in comes soon?
This is the area I’m most interested in seeing price react to. Let’s see