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 Baudriallard used to say: Buy low, sell high!
Bitcoin Price
We closed the day, December 01 2019, at a price of $7,424. That’s a minor 1.94 percent decline in 24 hours, or -$147.32. It was the lowest closing price in four days.
We’re still 63 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).
Bitcoin market cap
Bitcoin’s market cap ended the day at $134,215,145,410. It now commands 67 percent of the total crypto market.
Bitcoin volume
Yesterday’s volume of $18,720,708,479 was the highest in one day, 14 percent above the year’s average, and 58 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 400 tons of gold.
Bitcoin transactions
A total of 274,482 transactions were conducted yesterday, which is 16 percent below the year’s average and 39 percent below the year’s high.
Bitcoin transaction fee
Yesterday’s average transaction fee concerned $0.28. That’s $3.43 below the year’s high of $3.71.
Bitcoin distribution by address
As of now, there are 11,220 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.7 percent of the total supply, the top 100 15.0 percent, and the top 1000 35.0 percent.
Company with a market cap closest to Bitcoin
With a market capitalization of $133 billion, Bristol-Myers Squibb 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 94.9 percent behind being on track. Bitcoin‘s price should have been $147,726 by now, according to dickline.info.
Bitcoin on Twitter
Yesterday 15,964 fresh tweets about Bitcoin were sent out into the world. That’s 13.3 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 one of yesterday’s most engaged tweets 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’.
Estonian crypto exchange was actually run by Israeli firm, employees claim
After a petition by its own staff, an Israeli firm that runs a heavily-hyped cryptocurrency exchange is reportedly shutting down.
The parent company of DX.Exchange, which traded asset-backed tokenized shares of Nasdaq listed companies, is entering bankruptcy after 78 of its staff petitioned to an Israeli court to “wind it up,” The Times of Israel reports .
The petition, dated October 24, alleges that an Israeli company called CX Technologies Ltd. is behind DX.Exchange, rather than an Estonian firm as listed on the exchange‘s website.
Furthermore, the petition claims that employee salaries for September and October were not paid. Some suppliers are also said to have sued the company in the last six months for failing to pay bills.
Concerning company connections
The petition says that CX Technologies is actually the company that was created after Israel-based binary options firm SpotOption was raided by the FBI in January 2018 .
Israel banned binary options trading in October 2017 (effective from January 2018). The country’s government deemed that binary options were tantamount to gambling and not a form of investment.
SpotOption has continued to deny the allegations.
However, the petition claims that most of CX Technologies’ employees used to work for SpotOption. These employees were hired in the same month SpotOption was raided. Both companies were also located in the same office. DX.Exchange previously denied any connection to SpotOption.
Despite these concerning connections, DX.Exchange has been covered by a number of news outlets .
CNBC said the exchange‘s product “could be the next big thing in crypto.” Crypto news outlet The Block reported that the platform was “making waves by listing security tokens for secondary trading.”
DX.Exchange was even a lead sponsor of an Bloomberg event held at its EMEA headquarters , where the exchange‘s CEO gave a keynote address.
As The Times of Israel also points out, financial website The Street referred to DX.Exchange as a Nasdaq partner. The exact details of this “partnership” remain unclear remain unclear, aside from the firm claims to have built its exchange using Nasdaq’s market matching technology .
According to a blog post on DX.Exchange’s website posted earlier this month, the company said that it would “temporarily close” to find a merger or sell the company.
It said the business‘ running costs were not economically feasible. However, given the revelations from the employee petition, there’s likely more to its closure than the firm is letting on.
Ethereum inventor wants to replace pregnant women with synthetic wombs
Crypto bros never tire of sharing their utopian visions, but their big brain ideas aren’t always embraced by the proles.
Vitalik Buterin, the co-founder and inventor of Ethereum , has become the latest victim of this insolence.
The 27-year-old had pitched a bold solution to the gender pay gap: synthetic wombs.
“Synthetic wombs would remove the high burden of pregnancy, significantly reducing the inequality,” he tweeted on Tuesday.
The proposal gained support from several tech bros — but incurred the wrath of feminists.
They argued that biological gestation isn’t the main barrier to gender equality. Instead, they pointed to the high costs of childrearing, limited governmental support, and widespread sexism.
Some pointed to the positive aspects of pregnancy — or suggested that Buterin was disconnected from reality.
Buterin’s technoutopian solution emerged in a discussion started by the ultimate tech visionary: the self-described “utopian anarchist,” Elon Musk .
The Tesla tycoon had been expressing his long-held concerns about population collapse:
Synthetic wombs would presumably provide Musk with the workers that his Martian colony requires.
Musk and Buterin have several things in common. Both have founded lionized companies, joined the billionaires’ club, and cultivated the image of brilliant polymaths.
The duo is also capable of laughing at themselves — in a weirdly self-aggrandizing sort of way .
Buterin last week asked for the “most unhinged” criticisms of him on Twitter . After 20 hours, he’d received over 2,400 responses.
HT — Molly White
