"Time Preference”- 29th Edition
1) # Full nodes (reachable) - 17,087 (-3.15%)
2) # LN nodes - 13,788 (n/c)
3) LN capacity (BTC) - 4,998 (n/c)
4) BTC addresses > 1M sats - 12.72M (-0.25%)
5) BTC addresses > 10M sats - 4.57M (-0.29%)
6) BTC addresses > 100M sats - 1.020M (-0.12%)
7) Hashrate (EH/s) - 538 (+5.08%)
8) Price - $41,715 (-5.07%) (Sunday close)
9 Price/Hashrate - 78 (-9.66%)
10) Michigan businesses accepting BTC (btcmap.org) - 18 (5.88%)
11) Routing Events - 291 (+0.69%)
12) Routing Sats - 1,443 (+76.19%)
* % change figures from prev.
A little late this week (again) but we're still here (again). Wild (or not, depending on your time preference) past week from a price standpoint, all the hype for $50k and that OG Bitcoiners were getting calls to sell their BTC because the custodians couldn't buy enough to fill the demand was kind of funny. Surprise, hello $40k, and quickly! We're hovering at a pretty crucial area $42k-$44k and I don't have strong conviction on if we breakdown or not. So I will continue to DCA.
FWIW - I'm happy the ETF narrative is done but I really don't like where I feel this is going. Centralized custody of BTC and a continued narrative that the only use case is for criminals or money laundering will only get bigger and bigger over the next year, in my humble opinion. I hold my stack in self-custody but it sure feels that outlawing self-custody in the US is the path we're headed down, it really would be the only attempt to 'stop' this thing if I was a politician concerned w/ losing my ability to control the monetary policy. I DO believe we will prevail in numbers but it's a scary thought, the path of getting there. /End rant/
Back to the report, we still see declines (quite large) in all address counts. I don't really understand why. Hashrate continues to rip! Oh, and I'm earning some fees again with some routing activity. Very volatile stat but fun to watch regardless.
I hope everyone can find some balance in their day/week. We have about 2.5 / 3 feet of snow and I was able to take my dog out today to admire the beauty of snow-covered trees. Cheers.
#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️
Diesel /
npub1vy…8gurn
2024-01-17 20:47:21
Author Public Key
npub1vyxtcnrsg6pfwq50rmtx08jrljrcz702cxzvhlhls67azddfpydsj8gurnPublished at
2024-01-17 20:47:21Event JSON
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"content": "\"Time Preference”- 29th Edition\n\n\n1) # Full nodes (reachable) - 17,087 (-3.15%)\n\n2) # LN nodes - 13,788 (n/c)\n\n3) LN capacity (BTC) - 4,998 (n/c)\n\n4) BTC addresses \u003e 1M sats - 12.72M (-0.25%)\n\n5) BTC addresses \u003e 10M sats - 4.57M (-0.29%)\n\n6) BTC addresses \u003e 100M sats - 1.020M (-0.12%)\n\n7) Hashrate (EH/s) - 538 (+5.08%)\n\n8) Price - $41,715 (-5.07%) (Sunday close)\n\n9 Price/Hashrate - 78 (-9.66%)\n\n10) Michigan businesses accepting BTC (btcmap.org) - 18 (5.88%)\n\n11) Routing Events - 291 (+0.69%)\n\n12) Routing Sats - 1,443 (+76.19%)\n\n* % change figures from prev.\n\n\nA little late this week (again) but we're still here (again). Wild (or not, depending on your time preference) past week from a price standpoint, all the hype for $50k and that OG Bitcoiners were getting calls to sell their BTC because the custodians couldn't buy enough to fill the demand was kind of funny. Surprise, hello $40k, and quickly! We're hovering at a pretty crucial area $42k-$44k and I don't have strong conviction on if we breakdown or not. So I will continue to DCA.\n\nFWIW - I'm happy the ETF narrative is done but I really don't like where I feel this is going. Centralized custody of BTC and a continued narrative that the only use case is for criminals or money laundering will only get bigger and bigger over the next year, in my humble opinion. I hold my stack in self-custody but it sure feels that outlawing self-custody in the US is the path we're headed down, it really would be the only attempt to 'stop' this thing if I was a politician concerned w/ losing my ability to control the monetary policy. I DO believe we will prevail in numbers but it's a scary thought, the path of getting there. /End rant/\n\nBack to the report, we still see declines (quite large) in all address counts. I don't really understand why. Hashrate continues to rip! Oh, and I'm earning some fees again with some routing activity. Very volatile stat but fun to watch regardless.\n\nI hope everyone can find some balance in their day/week. We have about 2.5 / 3 feet of snow and I was able to take my dog out today to admire the beauty of snow-covered trees. Cheers.\n\n#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️\n",
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